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Spiegel Sohmer

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Richter is, above all, a financial consulting services firm offering strategic support and has been a recognized member of the business community since 1926. Richter entire team consists of more than 450 partners, experts, high-level professionals and administrative employees. Because of this collective expertise, our firm has an unrivalled reputation and has earned the respect of the business community.

National Bank helps home-grown businesses expand by offering them personalized service and banking solutions adapted to their needs. We strive to develop integrated, diversified and innovative business solutions that will meet the needs of your business at every phase of its existence. We offer a full range of financial services to individual clients, SMEs and large companies. Whatever your sector of activity, our team of experts will be able to advise you and assist you with every stage of your business growth.

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Futurpreneur Canada

Futurpreneur Canada is the only national, non-profit organization to provide financing, mentoring, and support tools for every business stage to aspiring business owners and startup founders:


Founded in 1904, Kruger Inc. is a major producer of publication papers, tissue, lumber and other wood products, corrugated cartons from recycled fibres, green and renewable energy and wines and spirits. The Company is also a leader in paper and paperboard recycling in North America. Kruger operates facilities in Quebec, Ontario, British Columbia, Newfoundland and Labrador and the United States. (



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NACO Canada

The National Angel Capital Organization (NACO) accelerates a thriving, early-stage investing ecosystem in Canada by connecting individuals, groups, and other partners that support Angel-stage investing. NACO provides intelligence, tools and resources for its members; facilitates key connections across networks, borders and industries; and helps to inform policy affecting the Angel asset-class.

Anges Quebec

Anges Québec’s mission is to help its angel investors make profitable investments in innovative companies in a wide range of industries and in all regions of Quebec. To this end, Anges Québec identifies the best entrepreneurs and business projects and supports the Anges Québec members who finance them.


Le RJCCQ soutient un réseau de jeunes chambres de commerce et d’ailes jeunesse à travers le Québec, représentant plus de 8 000 jeunes professionnels, cadres, travailleurs autonomes et entrepreneurs âgés de 18 à 40 ans.


La Jeune Chambre de commerce de Montréal (JCCM) est un regroupement de près de 1 600 jeunes cadres, professionnels, entrepreneurs et travailleurs autonomes âgés de 18 à 40 ans, ce qui en fait un des plus grands réseaux de jeunes gens d’affaires au monde.

Hacking Health

Hacking Health is designed to improve healthcare by inviting technology creators and healthcare professionals to collaborate on realistic, human-centric solutions to front-line problems.


Noticias Montreal is a Spanish-language media based in Montreal and founded by a group of immigrant journalists. Its main goal is to provide the latest news, information and features about Montreal, Quebec, Canada. NM wants to offer a helping hand in the immigration and integration process of the numerous newcomers as well as promoting the Spanish language.

La Gare

La Gare is a collaborative workspace. A place to work, connect and learn in the heart of the Mile End.


The Best Feedback for a First-time Entrepreneur, by @RajSetty

Posted by Jonathan Greechan on 2012-12-05

Founder Feedback gives you insight from the startup trenches.

In a post from his blog, Rajesh Setty, Serial Entrepreneur, author, and Founder Institute Mentor, advises first-time founders on how to recognize the most valuable feedback. Instead of hearing why your idea won't work or that you need to raise a seed round, Rajesh says feedback that takes you to the next level of your business is key.

Below, the article The Best Feedback for a First-time Entrepreneur has been republished.

"First-time entrepreneurs are at a perennial disadvantage. If you are one, you know what the feeling is. There is no guarantee to you or to anyone around you that your project WILL take off. It’s the height of uncertainty. Since they are not “proven” yet, not many people around them want to actively support them because if the startup goes down (according to the stats, most likely it will) they don’t want to be associated with one more failure.

You need the most help and the circumstances are such that you will get the least help. This will, unfortunately, keep the statistics intact – that 9 out of 10 startups fail.

Feedback that won’t help much..
When you do get an opportunity to get some feedback, you are faced with feedback that starts with something like this:

“Let me tell you why this won’t work…”
“You have not thought through the entire business model yet…”
“How are you planning to address __________, _________ and __________?”
“I have seen others try this before and they have not succeeded. So…”
“Your _____________ is incomplete…”
“Have you done such a project before?”
There are many more…

All you need to do is…
There is another kind of feedback that seems super insightful but not helpful. It is when they say that all you need to do is this ONE thing and you can break free from the logjam. And what’s that ONE thing:

For starters:
Hire that rockstar co-founder
Get that seed funding
Win that first customer

Actually ANYTHING that is not in your current reach. Anything that can be termed as another project all by itself.

This kind of feedback may be insightful but not practically useful based on where you are.


One strike and you are out
Most people are looking for just ONE reason why your project won’t work and that’s good enough to conclude that this project is a dead duck.

They want your “thinking” and “execution up to the point” to be complete. Since you are a first-time entrepreneur, it would be close to impossible for you to achieve that.
Result: Stalemate

The Feedback that Matters Most
The real feedback that matters is when someone guides you to reach the very NEXT step in your startup evolution with resources you already have.

Let me explain:
It is common for you as a first-time entrepreneur to get into a “stalled” state every now and then. It’s like having a dead battery in your car. You know that the battery works and it requires someone to jump start it. The feedback that I am referring to is analogous to jump-starting that battery.

Your next step need not be your mega milestone. It can be something that will show you that there is life in your startup – something that will give you a feeling that you are making progress.
Everyone of you can go to that next step with the resources you already have. Because you are thinking about big milestones, you might forget to focus on the little steps that collectively and ultimately take you towards that big milestone.


The Additional Bonus
You will notice that the moment you start thinking like this, you have an additional benefit (or bonus) – you will seek feedback to improve and increase your capacity to take that next SMALL step instead of trying to climb mount Everest. You are less of a burden to people who you have reached out for help and hence they may be more open to help.

Even those that are not open to help you can see that you are making progress and are not simply repeating “how you are going to change the world” forever.

This approach has helped many of my clients at Foresight Plus. Hopefully it will help you too."


To hear more from Rajesh, check out his blog or follow him on Twitter @rajsetty.

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