peter misek Partner at the Business Development Bank of Canada’s IT Venture Fund
As an advisor at DN Capital, Misek was involved in the firm’s decision to invest in the song recognition app Shazam, which in 2015 was valued at more than $1 billion. That year, he joined BDC Venture Capital, where he runs the Toronto office.
money under mAnAgement:
BDC’s venture fund controls $300 million of the Crown corporation’s funds.
The IT Venture Fund has ownership stakes in Hopper, a Montreal-based smartphone app that helps users find discounted airfare, and Wave Accounting, a financial technology platform for small businesses.
the one thAt got AwAy:
Before joining BDC, he passed on investing in Twitch, the video game streaming service, when it was valued at $100 million. In 2014, Amazon bought it for almost $1 billion.
friends in high plAces:
Richard Handler, CEO of Jefferies LLC; Steve Doswell, CEO of Soundpays, an app that uses sound to transmit mobile data, and one-time COO of AOL Canada.