Michele Romanow on venture capital
From Entrepreneurship Journey | Clearco · · TechTO
“We didn't realize when we started this that you know more than 50 percent of venture capital dollars was going straight to google and facebook and so founders did not need to be taking dilution on things like that and we've invested more than two billion dollars in the last two years and more than five thousand different e-commerce companies making us the largest ecommerce investors.”
On , Michele Romanow, CEO & Co-Founder at Clearco, spoke about venture capital during Entrepreneurship Journey | Clearco on TechTO.
About Michele Romanow
Michele Romanow appeared on the podcast *Between Two Brunettes* on May 24, 2026, after a full day of filming *Dragons' Den*. She discussed Clearco's mission to make entrepreneurship accessible by automating access to capital using data from digital platforms, noting that the company has grown to face global competitors. Romanow also commented on the venture capital market, stating that fewer exits have occurred because companies stay private longer, and predicted that many software companies will fail. During the interview, Romanow offered several opinions on entrepreneurship. She argued that the common advice "do not quit" is "terrible advice" and that founders need to know when to move on to their next iteration. She described Canada as having "100% tall poppy syndrome," where successful people are torn down rather than celebrated. Romanow also emphasized that a business's repeat customer rate is the most reliable metric, and cautioned that raising more capital can reduce a founder's control over their company's destiny.