The Interview

Janet Bannister’s Real talk

Janet Bannister hadn’t yet arrived at the Elevate technology conference in Toronto Wednesday, but she was already making waves among the tech leaders and investors gathered there. Montreal-based Real Ventures announced that morning that Bannister is stepping down as managing partner. Co-founder and partner John Stokes will fill the role.

The investor and former eBay executive has been the face of Real for the past eight years, investing in early-stage companies over four funds whose portfolios include League, Clearco, Mejuri and Sonder. 

Her departure has stoked speculation within Canada’s tech ecosystem that Real is on its last fund. The firm has struggled to raise a new pool of capital. Those efforts were put officially on hold with Bannister’s move. 

In an interview with The Logic shortly after the announcement, Bannister said the decision to step down was hers alone, but acknowledged there’s been tension between Real’s general partners and the limited partners that back the fund. 

    Subscribe now to start reading premium, award-winning journalism.

    By entering your e-mail you consent to receiving commercial electronic messages from The Logic Inc. containing news, updates, offers or promotions about The Logic Inc.’s products and services. You can withdraw your consent at anytime. Please refer to our privacy policy or contact us for more details.

    In-depth, agenda-setting reporting

    Great journalism delivered straight to your inbox.

    Briefing

    Caisse, Westcap file for representation in Celsius bankruptcy proceedings

    Dye & Durham’s bid to buy Link Group falls through

    Imax to buy Waterloo AI firm Ssimwave in deal worth up to $25M

    Best business newsletter in Canada

    Get up to speed in minutes with insights and analysis on the most important stories of the day, every weekday.

    Exclusive events

    See the bigger picture with reporters and industry experts in subscriber-exclusive events.

    Membership in The Logic Council

    Membership provides access to our popular Slack channel, participation in subscriber surveys and invitations to exclusive events with our journalists and special guests.

    Canada's most influential executives and policymakers are reading The Logic

    • CPP Investments
    • Sun Life Financial
    • C100
    • Amazon
    • Telus
    • Mastercard
    • bdc
    • Shopify
    • Rogers
    • RBC
    • General Motors
    • MaRS
    • Government of Canada
    • Uber
    • Loblaw Companies Limited