Great lawyers don't just have a strong understanding of the law. In fact, drafting standard legal documents according to customer needs is already getting replaced by Al. What great lawyers do is much harder to replace.

Write-offs are a necessary part of venture investing. They are unavoidable if you do enough investing for long enough and because of this, all venture funds build write-offs into their models to demonstrate how the winning companies can provide returns that both compensate for the losses and deliver high performing results as a portfolio.

In Canada last year, more than 6500 fires burned across 18.5 million hectares of forested land, which released an estimated 0.5 gigatons of carbon dioxide into the atmosphere, the highest amount from a forest fire season on record.

Last week, Mike, Qhalisa and Sam attended Climate Week in New York City - a week filled with events, relationship building with great partners and lessons learned.

Active Impact entered the market at a time when there was a huge gap at the seed stage in climate funding, where we felt our skills were particularly well suited to help. Since the beginning, we have been searching for solutions that will create the most positive impact moving forward.

“We Put Founders First”. There were several situations over the course of the last month where we had an opportunity to put this core value into practice. While it takes a little more time and thought, we think it's worth the effort.

That is the question. We are doing our next close on June 15 and we have several institutional entities that are in due diligence (DD). At this point, "maybes" are tough (there are over 300 of you!). "Yeses" are great as they reduce our time in market and "nos" are helpful as they allow us to prioritize our time for investors that still have questions.

Drastically reducing GHG emissions demands a massive economic shift–across industries, geographies and roles. The problem may seem insurmountable, but we know that every challenge comes with opportunity. To seize it, we need the right people working to keep our planet inhabitable.

That is the question. We are doing our next close on June 15 and we have several institutional entities that are in due diligence (DD). At this point, "maybes" are tough (there are over 300 of you!). "Yeses" are great as they reduce our time in market and "nos" are helpful as they allow us to prioritize our time for investors that still have questions.

Last month we shared that our portfolio companies mitigated one million tonnes of CO2e! This is a big milestone, but it’s also a small fraction of the 50 billion tonnes of CO2e our society is producing annually. We … both the global ‘we’ and the Active Impact portfolio of companies … need to grow our emissions mitigation number aggressively to address our changing climate and keep global warming below 2.0 degrees.

We are so excited to share that we recently crossed one of many major milestones to come—our portfolio companies have now mitigated a collective one million tonnes of carbon dioxide equivalent emissions. On Feb. 13 our whole team hosted ~50 investors and four local founders at our second in-person Annual General Meeting (AGM) on Grouse Mountain and we used this important milestone as the theme of the event.

January isn’t just for trying new workout routines, going vegan or taking a booze-break—in the world of venture funds, it’s also the beginning of reporting season. The start of the new year means that we, like every other fiduciary, are looking back at the prior year to see how we did so that we can report to our stakeholders. And by how “we” did, we mean both us and our portfolio companies.