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Nine Toronto tech start-ups that want your money

The Next 36"--a competition that challenged four person teams of Canadian university students to create a new mobile app--culminated last week in a pitch session by the top nine competitors to wealthy Toronto investors. BlogTO writes on the pitch session (called "Venture Day") and what Toronto's most promising up-and-coming app entrepreneurs have to offer.

"Last Monday nine Toronto start-ups gathered on the lower level of MaRS to persuade wealthy investors to fork over some money - lots of it."

"As I stood at the back of the packed room listening to pitch after pitch I couldn't help but admire these guys. Almost all of the start-ups were pre-revenue (and in many cases still pre-launch with zero users/customers) yet valuations were being floated in the million dollar range. Some had already raised money. Others had plugged-in advisors ranging from the Managing Director of Facebook Canada to the founder of ATI Technologies. Some will succeed but many will likely fail."

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original source BlogTO
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