Advice From A Successful Entrepreneur: Pierre Morrissette from Ivey MIFE on Vimeo.
Without doubt, anyone who invests in a company is entitled to information about that firm’s performance. But how much detail should investors expect? Calgary’s Podium Participation Funds wrestled with that issue when its investors demanded that companies receiving backing disclose far more details than markets generally expect. The resulting dilemma landed Podium’s founders in a tight spot between their investors and the companies they back. Their challenge: finding middle ground.
Ivey Entrepreneur alumni Rahim Madhavji, President and co-founder of Knightsbridge Foreign Exchange in downtown Toronto discusses his new business with the Toronto Star. “Suppose you plan to invest $200,000 in a U.S. property. You call to book a rate, then wire Canadian funds to the firm. It wires back U.S. funds within a day through BMO, with which it has a banking relationship.”