NACO Podcast

National Angel Capital Organization

The NACO Podcast by the National Angel Capital Organization leverages the collective wisdom of 4,000 angel investors that have invested $1.8 billion into 2,000 companies. Join us on a journey into the depths of the innovation economy and bring you the knowledge you need to build, grow and scale at the intersection of innovation, capital and entrepreneurship.  Learn more about the National Angel Capital Organization (NACO) at www.nacocanada.com 

  1. EPISODE 1

    Reinforcing Canada’s Early-Stage Capital Infrastructure: A National Roundtable

    Canada’s innovation economy is at an inflection point. In this National Roundtable hosted by Claudio Rojas, CEO of the National Angel Capital Organization (NACO), leaders from across the capital pipeline examine the structural gaps limiting Canada’s early-stage growth — and what it will take to close them. Following a nine-month consultation process with more than 250 ecosystem leaders — and in the context of the federal government’s $750 million commitment in Budget 2025 — this discussion explores the foundational role of pre-seed and seed capital in shaping later-stage outcomes. The data shows that between 2019 and 2024, Canada’s top startup ecosystems lost $66 billion in value relative to global peers, representing 133,000 fewer high-quality jobs. A $141M gap at seed and pre-seed — and a $181M gap at Series A — confirms what this community has long understood: Series A gaps are inherited from seed-stage deficits. Strengthen the foundation, and the benefits cascade forward. Featuring: • Sandi Gilbert (InterGen) • Janet Bannister (Staircase Ventures) • Solon Angel (Remitian) • Rachel Zimmer (Simple Ventures) • Émilie Boutros (TandemLaunch) • Ian Lane (Northern Ontario Angels) • Randall Howard (Adrenaline Fund / Archangel Network of Funds) This conversation examines the end-to-end capital pipeline required to fuel Canada’s next wave of high-growth companies — and the leadership required to build it. Learn more at vision.nacocanada.com.

    44 min
  2. EPISODE 2

    Canada's $750M Early-Stage Envelope — What It Means and What Comes Next

    This national roundtable presents the findings of Seeding Growth, NACO's landmark white paper on Canada's early-stage capital gaps and the federal government's $750 million early-stage envelope within the $1.75 billion Venture Capital Strategy announced in Budget 2025. The session follows a nine-month consultation with over 250 senior leaders across Canada's innovation economy, drawing on new research revealing the structural funding gaps pushing founders out of the country — with 68% of Canadian-founded startups now being started outside Canada. NACO CEO Claudio Rojas and Director of Operations Lisa Graston present two concrete recommendations for the $750 million envelope, joined by five senior leaders with front-row seats to Canada's early-stage ecosystem: Hans Knapp, Co-Founder and Partner, Yaletown Partners (Vancouver)Alex MacBeath, Founder and Managing Partner, Island Capital Partners (Charlottetown)Carollynn Schafer, Co-Founder and General Partner, Okanagan WMAN (Kelowna)Jacques LaPointe, Co-Founding Partner, Metiquity Ventures (Calgary)Shelley Kuipers, Co-Founder and Co-CEO, The51 (Calgary)The discussion covers the research findings from Seeding Growth, why the $750 million early-stage envelope is the single highest-leverage policy instrument in the Venture Capital Strategy, NACO's two implementation recommendations to government, and how angel networks, fund managers, founders, and ecosystem partners can shape what comes next. Recorded April 7, 2026. The full white paper is available at nacocanada.com.

    53 min

About

The NACO Podcast by the National Angel Capital Organization leverages the collective wisdom of 4,000 angel investors that have invested $1.8 billion into 2,000 companies. Join us on a journey into the depths of the innovation economy and bring you the knowledge you need to build, grow and scale at the intersection of innovation, capital and entrepreneurship.  Learn more about the National Angel Capital Organization (NACO) at www.nacocanada.com