Silicon Valley Bank (SVB)’s startup outlook survey included 104 Canadian founders as part of a survey of 1,300 also including founders from the U.S., U.K. and China. The majority of respondents said venture capital was their first choice for funding, but eight in 10 founders that successfully raised funding last year said 2019 will be a tough fundraising environment. (Silicon Valley Bank)
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Silicon Valley Bank (SVB)’s startup outlook survey included 104 Canadian founders as part of a survey of 1,300 also including founders from the U.S., U.K. and China. The majority of respondents said venture capital was their first choice for funding, but eight in 10 founders that successfully raised funding last year said 2019 will be a tough fundraising environment. (Silicon Valley Bank)
Talking point: This is the first time the firm has done a Canadian survey. The bank is hoping to establish a lending branch in Canada, and using the survey to engage with the tech community can help with that. Understanding how these Canadian entrepreneurs are growing their companies—such as hiring plans and paths to exit, which are included in the report—can provide insight on where it can provide services. While it hasn’t had a physical branch in Canada, SVB has provided venture debt to Canadian companies like Shopify and D2L.
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