Most startups on the East Coast and around the world view raising capital as a top priority. And with good reason, you can only boot-strap your startup so far. Cash is almost always the fuel for growth. But it is important to be strategic in your efforts to raise capital. Too little capital, or even too much, can create serious problems that will reduce your odds of success. The startup community here on the East Coast is still in its early days. The same can be said for our approach to raising capital. (Disclaimer – this post is meant for startups…

Rob and I are happy to welcome AirVM to the Build portfolio. We recently took part in the company’s $8 Million Series A round, which was led by RHO Canada Ventures, ourselves, as well as previous investor Wesley Clover. AirVM was founded in Saint John, New Brunswick by Josh Vautour and Jamie Pitt as an Infrastructure as a Service (IaaS) provider, hosting virtual machines for enterprise clients. Josh and Jamie became intimately aware of the pain points IaaS vendors had in running their businesses and transitioned to a product company with the launch of  AirSembly in 2013. Jamie heads up the R&D…