A new law in the States that could help startups to raise more money online has some people calling for a change in Canada's laws. Should we let the U.S. be the prime destination for start-ups?
CBC Host, Alan Neal, interviews Marquis Cote, President, Nutforge Games, who used the U.S. Crowdfunding site Kickstarter to raise start up capital to help produce a new board game. Mr. Neal speaks about his company’ success in securing 80 percent of the game’s full manufacturing and then tellingly points out, “You have to have a U.S. Amazon business account. So you have to be a U.S. citizen. We actually went ahead and partnered with a U.S. company to use their U.S. Amazon account to be able to do this.”
CATA’s CEO John Reid then picks up on Mr. Cote’s comments. He speaks to how Canada is lagging behind the U.S. JOBS Act, an ACT that approved Crowdfunding as a new source of funding for small U.S. based companies and start-ups. Rather than continually playing catch up, Mr. Reid challenges us to make Canada (as part of our national brand) the top Crowd funding destination in the world for start-ups, and concludes in a call to action, “Again we play catch up. Why don’t we shoot for first place?”
++ Your Action Items for Today
First Step: please listen to the CBC Radio All in A Day Interview at this URL:
Second Step: Please send this CBC Radio All in A Day Interview communique to your local MP (federal and provincial members), Mayors, media and network of contacts, and ensure that you post to your social media.
Ps A Note from the Desk of CATA CEO, John Reid, to all our email subscribers: Join the CATA Social Network on Linkedin:
CATA is now providing a number of social networking forums for executives to connect, inform and inspire others to individual and organizational success. In order to benefit and be first in line for critical updates, please join the CATAAlliance main social networking group (4600 current members) on Linkedin at:http://www.linkedin.com/groupRegistration?gid=37239