Everything Nicole Verkindt said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Verkindt: Canada Lacked Early-Stage Venture Capital Around 2012
“I went out to raise a, do a significant VC raise, and I just had a lot of challenges with that process, and I mean, you and I spoke earlier about how much I feel the community has changed, especially in Canada in the last eight years but we had, there wasn't r…”
Verkindt passes on PartySlate over competition, valuation, and high burn
“I have to, I'm going to pass just because the B to C space is a bit murky for me and it just feels like There's so many different types of competitors in this space, so, and plus it's a pretty big valuation, a lot of cash, so I'm just gonna pass just to put th…”
Verkindt: Old stodgy paper industries have less startup competition
“I just love these old stodgy industries that are all paper, because there's no one else there.”
Nicole Verkindt: ShearShare is not yet venture-ready
“I actually don't think they are necessarily VC ready. I think the two of you are right in that, but they're right because they haven't figured out. I don't think they've figured out the revenue piece yet, and it's early.”
Verkindt: Investors Only Value Recurring Software Revenue Over Services
“I think investors give you that impression, right? So they'll only give you a multiple on your reoccurring revenue. They only want it to be software related revenue.”
Nicole Verkindt commits $25,000 angel investment to ShearShare
“So I would come in on these terms. It would be a smaller amount, it'd be 25 K, but for me, I would want to figure out how I can help you guys.”
Verkindt: Regulated Enterprise Bidders Must Report Socioeconomic Impact to Governments
“All the companies in our sectors are required to do this reporting back to government, and they have to do it when they go out to bid for new projects, like a new major infrastructure project, for instance.”
Verkindt: OMX charges buy-side clients 3,500 CAD monthly minimum
“The buy side on average is paying about 3500, not on average, the low end is about 3500 a month, and that's in Canadian dollars, so it'd be more in US. And then on the sell side, it's about a 150.”
Verkindt: OMX raised $1M from friends, family, and loans
“We just raised a small amount of capital, about a million dollars from friends and family, and we got some government loans that we've paid back.”
Verkindt Retains Over 50% Majority Control of OMX
“I still have control just over 50%.”
Verkindt: OMX Enterprise Sales Cycles Exceed Two Years
“The sales cycles are two plus years, which is, you know, that, that's the big challenge there is that you have to be pricing these things because they are complex sales. They have to be a bit bigger deals.”
Verkindt: OMX Generates Roughly 40% Year-Over-Year Revenue Growth
“It's about 40%.”
Nicole Verkindt: OMX Sells Primarily to Governments and Industrial Corporations
“But we, with OMX, we sell to government, but mostly big industrial companies, traditional corporations.”
Verkindt: OMX Operates Entirely on a SaaS Revenue Model
“It's just all SaaS based, but you're right. It is unique to have a SaaS model in a marketplace.”