Quirky Capital

Backing amazing founders building software companies along these themes:

No CodeRemote teamsEarly ExitsCanada 🇨🇦


FREQUENTLY ASKED QUESTIONS
Answers to frequently asked questions are below. Or just shoot us a note!

HOW WE INVEST
CAD $25,000Preseed and seedCanada and US onlyWe lead roundsWe use the indievc v3 investment instrument
HOW WE HELP

Beyond the $25k cash, we’ll help you with:

1:1 coachingFundraising, sales, finance, and selling the company (if/when ready)Network to other founders, investors and potential hires
WHO IS A FIT?

Qualities:
Startups that operate a remote-first cultureStartups in non-traditional tech cities (ie not SF or NYC)Startups that are building real businesses (ie profitable)
Themes:
SaaSSoftwareNo-code
Stage
Post revenue (>$1k MRR)Some way of acquiring customers
Unusual characteristics we’re interested in:
Market sizes that are TINY (where a VC would never fund a business)Founders looking to exiting early
WHO IS NOT A FIT?

Direct to Consumer & E-commerceHardwareLife sciences/PharmaFrontier tech (ie actual moon shots)
Basically, products that require upfront investment of capital before commercializations or winner take all markets (ie search, social media, advertising, etc).

DO YOU CO-INVEST?
Yes.

WILL YOU FUND SOMEONE WHO HAS ALREADY RAISED CAPITAL?
Yes.

DO YOU TAKE A BOARD SEAT?
No.

In fact, here’s a partial list of things that you may see from other VCs that Quirky Capital categorically does NOT do:
Board seatReserve the right to fire the CEO (yep, some term sheets require this)Super pro rata rightsTranched investmentPersonal guarantyLiquidated damages
WHAT IS YOUR INVESTMENT PROCESS?

1. Apply through our form
2. We’ll review the application on a rolling basis
3. If we think there’s a fit (we think we can help you in your journey), we’ll setup a video call to meet virtually
4. if we think it’s a fit, we’ll send you an LOI
5. If the LOI is accepted, we’ll conduct due diligence

WHAT THINGS ARE YOU LOOKING FOR DURING DUE DILIGENCE?
Incorporated business in good standingUp to date with all taxes and payrollVesting agreements with cofoundersAll of your employees/contractors have signed IP assignment clausesDrag along/tag along rights
WHO HAVE YOU INVESTED IN SO FAR:
LetHubDivDotObie.aiDropCommerceZayZoonHolopodTall Poppy
WHO ARE YOU?
Nice to meet you. I'm Ian L. Paterson. You can check me out on Twitter, LinkedIn, or my personal site.