E397 – Follow the Money – Mark Blackwell, A Venture Capital Perspective
“We’re more picks and shovels investors, looking at real operational efficiency in nascent areas.”
Alberta's tech sector has grown leaps and bounds in recent years, with major anchor tenants and spinoff companies leading the charge. Entrepreneurs in Calgary have showcased their resilience and adaptability during challenging times driven by the pandemic. The pandemic accelerated digital transformation across various sectors, particularly in healthcare. For example, Carbon Health, a telemedicine company, expanded during the pandemic, demonstrating the power of adaptation and growth. Mark explains how the correction in valuations is seen as a healthy adjustment rather than an overcorrection. In fact, it's expected to lead to better-performing venture funds in the future, with 2024 predicted to be the cream of the crop.