More Private Equity in #Startupeast

When Steve Nicolle was looking for growth funding for Halifax-based pharmaceutical services company STI Technologies Ltd. in 2013, he decided the founding source that made the most sense was private equity.

STI was transitioning from a startup to a growth company, and Nicolle, then the CEO, wanted to partner with a company that could help it grow.

“We were looking for investors aligned with where we’re going instead of where we’ve been,” said Nicolle, now retired and on several boards,

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Eye on KW: Bonfire’s Expansion Plan

It’s a good thing Corry Flatt was getting annoyed with the lengthy, paper-heavy process for filing Requests for Proposal, or RFPs. That annoyance—and the desire to get past it—enabled the marketer to create Waterloo-based Bonfire, a paperless RFP tool.

The product has been on the market for about a year and a half, and Flatt now plans to expand internationally by opening a Silicon Valley office in the next year.

Bonfire allows suppliers to send all necessary RFP documents via the platform

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Proposify’s Unlikely Partnership Works

Kevin Springer and Kyle Racki have forged an unusually successful partnership — forming two businesses and exiting one — despite a 20-year age gap and early religious differences.

Springer, 51, is president of Halifax-based PitchPerfect Software, the parent company of

Proposify is a software-as-a-service, or SaaS, product, which allows members of an agency to collaborate on client proposals.

Racki, 31, is PitchPerfect’s CEO.

Before Proposify, the two built the

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Revising our Jobs Data Upward

I’ve been diving into the data we’ve collected on Atlantic Canadian startups, and one thing that’s become clear is that we underestimated job creation by startups in 2014.

Earlier this year, we reported that the results of our most recent survey showed that employment at Atlantic Canadian startups rose 9.4 per cent, while revenues rose 36.5 per cent. It’s becoming clear we underestimated things on the jobs front. So we’re restating our data to say that the number of people working for

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Happy Canada Day from Entrevestor

In recognition of Canada Day, we’re pausing today  to reflect on how lucky we are to live in Canada.

Every day on social media, I read friends complaining that Stephen Harper has ripped the heart out of the country. I hear conservatives complain of the overbearing government and high taxes.

But I really don’t think there’s a better place in the world to live. As proof, here’s some data (chosen in no particular order) on how we stack up internationally.

-  According to the World

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