Announcing Two Small Fish Ventures Fund II

Earlier today Eva announced on Two Small Fish Ventures’ blog that she has raised $9 million in the first close of TSFV’s Fund II. It is exciting to see her transformation from an entrepreneur to an angel investor and now a VC.

TSFV’s investment thesis remains the same. Fund II will continue to invest globally in early-stage tech companies with strong network effects. The goal is to help nurture them into global tech giants. She has made investments from the new fund already, including Printify and several more about to close.

There is no doubt Canada’s tech ecosystem is thriving. Access to capital is no longer the biggest roadblock for startup successes as we now have a lot of great investors in Canada. That being said, there is still one big gap in the Canadian venture capital ecosystem: very few venture funds are actually co-founded by internet entrepreneurs and product creators who have massive successes. In contrast, in Silicon Valley, there are numerous successful internet entrepreneurs turned VCs. They can recycle their experience and knowledge of building and scaling a product to reach millions of users. This is exactly what we would like to do and why TSFV is special: we will recycle our unique knowledge in building and scaling internet-scale companies to help other entrepreneurs to be successful.

It is also worth noting that TSFV is not just providing capital. Through Creator Circle, a group of successful entrepreneurs and product creators who are investors in Fund II, we are providing a mini ecosystem of like-minded, entrepreneurial people who are also recycling their invaluable expertise to help TSFV portfolio companies achieve escape velocity. When TSFV invests in a company, all these creators are part of the team because the success of the company directly affects their investment. They have skin in the game.

Expect more announcements in the coming months as the final target for Fund II is $15 million. There will also be more investment announcements as TSFV can now write more cheques (and bigger cheques!) with follow on investments too.

P.S. You can read Eva’s announcement here.

Welcome to Allen’s Thoughts

I’m Allen and I’m a serial entrepreneur, angel investor and a champion of the Canadian startup ecosystem. Welcome to my new blog where I plan to share my ideas, insights and inspirations.

I like to write. Over the years I’ve probably shared in excess of 300,000 words. I’ve contributed to media outlets like Inc. and Entrepreneur. My previous blog, Making Things Out of Nothing, covered technology trends, my latest investments and company milestones. For several years, I’ve also maintained an internal blog to communicate with 100+ employees around the world. This private blog encompasses everything from company strategy to technology shifts to management advice. Through my internal blog, I created a lot of content that’s applicable to many people, but discoverable by few.

My hope is that this new blog changes that and becomes a central place for me to share the things I’m passionate about more broadly. And yes, of course, there will be a ton of new content as well. I know there is no shortage of business and tech insights available on the internet, but I believe I can offer a different perspective – from a scale-up or Canadian lens, for example – that sometimes can be difficult to find.

So what am I passionate about?

I’m passionate about entrepreneurship. I’ve launched three companies; the first one failed, I sold the second one, and the third, Wattpad, has grown from a reading and writing app, to a global entertainment powerhouse with a vision to entertain and connect the world through stories (and is well on its way). Both failures and successes have taught me valuable lessons and I’m excited to share these lessons with others – it’s my way to pay it forward so others can avoid (and learn from) the mistakes I’ve made.

I’m a believer in the power of the innovation economy to transform the world by creating a virtuous cycle of disruption and innovation. As both an entrepreneur and investor, I’ve seen some incredible ideas that will dramatically change the way we work, live and play.

As a proud Canadian and as an immigrant myself, I am certain that diversity is a strength, especially in the workplace. It’s no vanity metric either, I can cite numerous examples where diversity powered progress and drove real business results.

So what can you expect from this new blog? In a nutshell, I’ll share my experiences, ideas and even advice about the things that matter to me – entrepreneurship, startups, tech and innovation, leadership, diversity and a whole lot more.

Welcome to Allen’s Thoughts. I’m excited to have you here!