Ignite Passion before Money

This week I had the pleasure to be the luncheon speaker during the Ignite Entrepreneurship course put on by Guelph Partnership for Innovation,  aimed at University of Guelph graduate students from various technical fields including biology, life sciences, materials, agribusiness, etc.

It’s always a thrill to get into a room with 40 or so energetic and bright grad students who are considering going into business. And, kudos to GPI for hosting this.

As an experiment, I broadcast the 3 questions out into social media-verse (Facebook, LinkedIn, Twitter) and got some great UGC that I factored into the presentation.

Here are the questions regarding Money and Startups that I attempted to address:

  • Do you really need it?
  • Where will it come from? and
  • What will you do with it?

I’d be delighted if any of you could comment on the topic as well. It’s an extraordinarily challenging time to startups to find funding right now, and the importance of a healthy pipeline of new companies to our future well being, has led me to dedicate a fair portfion of my social enterprise/sharing time to the issue of the serious funding gap for startups.

Note that while much of this is of global relevance, part of the advice is very specific to the startup funding landscape in Ontario.