GTAN | WIT Part 3 Recap

16% of Canadian entrepreneurs are women.

5% of growing technology businesses are owned by women.

 

 

These are some of the shocking statistics shared by guest speaker Michelle Scarborough, Managing Director of Strategic Investments and Women in Tech with BDC. Scarborough joined us for our final session of GTAN | WIT – Women Invest Today. This three-part series, which launched in November, was designed to showcase female founders and funders, and ultimately encourage more women to become a part of the male-dominated Angel Investing space.

Each event has provided attendees with the opportunity to hear stories from female entrepreneurs and investors, network with other women, learn about Angel Investing and listen to pitches from female-led early-stage companies.

GTAN was delighted to host many special guests at this week’s GTAN | WIT. Michelle Scarborough started off the evening by sharing some insight on where women stand in both Canadian entrepreneurship and the technology scene. As noted above, these numbers are quite low. However, Scarborough was happy to share that the Canadian government’s funding for women in tech has increased from 70 million to 200 million for 2018. She encouraged those present to invest in women and promote diverse teams. Diversified company cultures and skill sets will lead to better organizational success.

The next part of the evening featured a expert panel discussion led by Diane Wolfenden, Angel Investor with GTAN. The panel of speakers included Michelle Scarborough; Viona Duncan, Partner with Gowling WLG; Alexandra Hardy, Partner with BDO; and Benton Leong, GTAN Angel. The focus of the panel discussion was the “Hows of Angel Investing,” covering topics such as due diligence and term sheets. An audience member asked what the ideal profile of an investee company is. The panel responded with the following traits: honest, coachable and realistic.

Attendees also had the privilege of hearing short pitches from three early-stage companies.

The first pitch was delivered by Karen Lau of furnishr, a home furnishing platform that curates, delivers and assembles furniture in order to design your selected room in only one day.

Anita Ramdas, Founder and CEO of ShuffleSpace shared her affordable and user-friendly storage solution that safely and securely picks up, stores and returns your belongings on demand.

To conclude the pitches, Elize Shirdel of Datenight Babysitting presented her application that connects parents to experienced babysitters, providing families with a useful tool for managing the needs of the home.

Before the evening came to a close, guests had the opportunity to hear from three GTAN Angels: Brian Hunter, Ruth Harris and David Rich. Each shared their highly positive investor experiences with The Golden Triangle Angel Network.

President of GTAN Rob Douglas and GTAN’s Michelle McCorkell provided closing remarks as the final GTAN | WIT event came to an end. Although the three-part series has concluded, it is our hope that GTAN | WIT has inspired women to invest and will help advance more female entrepreneurs.

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