Plaza Ventures

“So we're not going around the CEO. We're doing it in lockstep with them in parallel with them. And in fact, in every deal we've done thus far in every transaction we're looking at thus far, frankly, the CEO is our number one champion. And they've actually been…”

“So we're doing typically off-balance sheet investments, so these are secondaries. It doesn't hit their It, the board typically doesn't have to convene on these deals. They're much smaller in nature. They're typically three or four or five million dollars in n…”

“So we are not buying out other VC funds. We're not, the pitch is to the, to management is not, Hey, We're investing in your company and thus it could delay an IPO. It's actually quite the opposite. We're actually going down a level or two and going and buying …”

“So instead of raising a large one year, 10 year monolithic fund, we raise one or two funds every year. We seed each of the fund with about a third of our own capital.”

“Whereas what we're saying to our LPs is, Hey, here's where typically 40 to 60% of your capital is going on day one. So we've already diligenced these companies, and we basically raise a fund in lockstep with doing the investments.”

“There's definitely, we identified about 40 groups in the U.S. That do this either as a core focus and or a sleeve on their platform, but we're first to market, believe it or not, in Canada.”

“We don't actually charge any management fees in any of our funds. We take a 20% carried interest after a hundred percent return to capital. So, so think of us as a zero and 20 model.”

“So we're actually buying shares primarily from either early angel investors and or early ex-employees in late-stage private, pre-IPO, pre-M&A, pre-private equity investment and or change of control transaction companies.”

“It's a fifty million dollar fund.”