It’s not business as usual — COVID-19 has wreaked havoc all over the world, leaving both investors and entrepreneurs in every industry uncertain and bewildered about what comes next. The National Angel Capital Organization (NACO) of Canada is taking a much-needed leadership role in navigating these waters; it’s stepping up to help entrepreneurs and investors make sense of this new landscape. We asked CEO Claudio Rojas to share words of wisdom to both groups. Here’s what he has to say.
WORDS OF ADVICE FOR ANGELS AND INVESTORS
“There are angels in every community across Canada — wherever the entrepreneur is, there’s an angel in proximity to help them with capital and the ability to offer mentorship.”
WORDS OF ADVICE FOR ENTREPRENEURS
Angels will continue to invest in companies that adapt and solve the big challenges of our time. If you’re an entrepreneur who has already raised capital, focus on managing your resources prudently to slow your burn rate. The current situation will have a big impact from both the access to capital perspective and the mentorship perspective. There is a lot to process and entrepreneurs will need sounding boards and people who have lived through past crises. If this is your first crisis in business, it can be overwhelming, but there is an ecosystem here to support you. There are angels in every community across Canada — wherever the entrepreneur is, there’s an angel in proximity to help them with capital and the ability to offer mentorship. Great companies will find their way through this uncertain time.