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John Risley, President, Clearwater Seafoods Ltd., at his retail store in Bedford, Nova Scotia, June 1, 2012.
John Risley, President, Clearwater Seafoods Ltd., at his retail store in Bedford, Nova Scotia, June 1, 2012.
(Paul Darrow For The Globe and Mail)

At private markets conference, Risley calls for more money

Entrepreneur John Risley laid out a challenge to the Canadian private markets community Monday, urging those at the industry's annual conference to find ways to get more capital to Canadian startups.

Mr. Risley, in a very forthright keynote speech at the 2014 Private Capital Markets Association conference in Toronto, called on Canadian lenders and investors to ensure that more Canadian companies can access the private funding they need to stay in this country, rather than having to look to U.S. investors. In his experience with companies ranging from seafood to biofuel to cable, he said, most funding in private markets still originates outside the country.