Inspiring Founders: Nexalogy’s Claude Théoret dusts his shoulders off

It was New Years Eve three years ago, and Nexalogy CEO Claude Théoret was crossing names off of a sheet, those of his employees he had to lay off. The company had no money left. Year one was a “massive loss,” and they had already burned through their $600,000 seed round a short time later. Sure, they had built a prototype and found some initial customers, but it wasn’t enough. Théoret didn’t even know if the company would make out of the next month alive. He actually had to ask his employees more than once not to cash their cheques he had given them, until they made it through the next few weeks. With seemingly no place to turn, his wife agreed to give him $40,000 of her own money, even as he told her in no uncertain terms that it was going to be a high-risk, … Continue reading Inspiring Founders: Nexalogy’s Claude Théoret dusts his shoulders off