First Stone Venture Partners Inc.
Location: Picton, Ontario Sector: Financial Services
- Venture Capital – Early stage VC capital does not exist in Canada.
Typically, VCs do not invest at the seed stage unless subsequent (and significant) investment rounds are required (i.e., the “exit” model). As well, they do not provide incubation facilities and consistent business mentoring.
- Angel Groups – Experienced Angel groups (with a track-record of significant and successful investments) are competitors. However:
- There are few successful groups in Canada.
- Investors assume higher risk by investing in individual start-ups rather than a broad portfolio of investments.
- Investments are often syndicated, creating additional complexity.
- Angel groups do not provide incubation facilities.
Business Overview :
First Stone Venture Partners is a venture partnership founded by entrepreneurs who have invested their own capital. Our goal is technology-based innovation in rural communities. We are raising $5M to make 25 investments in new start-ups over the next three years. We help entrepreneurs build sustainable, profitable businesses.
Mauro Lollo – Founding Partner and President
Mauro is a recognized technology business leader and technical futurist with over 25 years of experience in the sector.
Conrad Guziewicz – Founding Partner, Finance, and Sales Mentor
Overview: Conrad is a serial entrepreneur with over two decades of experience in high-growth, high-tech startups in Silicon Valley.
Geoff Salter – Founding Partner, Engineering Design and Manufacturing
Geoff is a professional engineer and businessman with product development and manufacturing experience in electronics products for the utilities, biomedical and natural resources extraction sectors.
Lanny Huff – Founding Partner, Business Development and Sales Mentor
Lanny is a professional engineer and business owner. Since 1980, he has owned and operated Drossbach Inc., a producer of corrugated tubing and wire conduits.
Don Wilford – Founding Partner, Engineering Design and Manufacturing
Don is an experienced leader and manager in both the private- and public-sectors – in aerospace, environmental technologies, and most recently in the commercialization of research.
Margo Langford – Founding Partner, Communications and Legal Counsel
Margo is a practicing technology lawyer and media communications consultant.
Steven Brates – Founding Partner, Accounting, and SR&ED Consultant
Steven is a Chartered Accountant who has provided accounting, audit and tax services since 1985 including estate planning, business planning and accounting software set-ups