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May 30, 2007
Jon Arnold / Jim Glover - BDC - A VC's Perspective
On this week's podcast, Jon spoke with Jim Glover, Investment Director with BDC Venture Capital. BDC is the Business Development Bank of Canada, and is a Crown Corporation. They have a broad mandate to support small businesses, including venture capital. Jim and Jon talked about the current climate for Canadian telecom and tech companies, and the role that venture capital is playing.
Jim talked about the challenges VCs face in today's market, as startups need less money now, and also exit at lower valuations. On the positive side, Jim talked about the qualities he sees in companies that are getting funding, and noted that he sees value in companies that are able to create service platforms as opposed to singular software applications. Finally, Jim shared his thoughts on where he sees promising development,such as wireless applications.
Jim Glover is an Investment Director at BDC Venture Capital focusing solely on telecommunications investments. Prior to BDC, Jim had over 18 years experience with a major telecommunication equipment vendor, having held senior positions in product management, engineering, finance and marketing. Jim is a director at Dyaptive Systems, Navtel Communications and New Step Networks and has managed investments for BDC in Nimcat Networks, Sandvine Corporation and Sirific Wireless. He also sits on the advisory board for the University of Toronto, Master of Engineering in Telecommunications Program.
Jim holds a Bachelor of Applied Science degree from the University of Waterloo and an MBA from McMaster University.
BDC Venture Capital has invested in more than 400 different companies in the areas of life sciences, telecommunications, information technology and advanced technologies. It currently has over $430 million in venture capital assets under management.
Posted at May 30, 2007 11:50 AM
