launched Avenir back in 2016, now about 24 beta customers paying 100 bucks a month, really just

starting. Took a big strategic investment by Deloitte. We'll obviously use it as a distribution

channel when he moves to really launch it in early 2019. They are bootstrap, no outside capital,

although significant capital being invested via Deloitte to support their team of 30 based in Toronto.

As they look to help small and medium-sized accounting firms

really automate and drive more value to their end customers in a quicker, more effective

fashion.

Hello, everybody.

My guest today is Pete Myers with 17 years of leadership experience under his belt and

a Ted Roder's MBA, specialized in management of technology and innovation. He's currently

CEO of Avenir, a Deloitte venture that is assisting small to medium audit firms leverage

technology to enhance the capabilities of CPAs in the financial audit industry. Pete, are you ready

to take us to the top? Yeah, absolutely. How you doing? I am doing well. So what does Deloitte venture

mean from a cap table perspective?

So Deloitte's, uh, we're owned by Deloitte is the very simple, uh, aspect of it. So Deloitte has seated us and got this, uh, venture off the ground. So, so how is Deloitte so lucky to lock you

into their company where you don't, like, why not you just go do your own thing you own 100% and build it yourself you're doing all the hard work yeah so there's a good opportunity the um the connection with

deloitte gives us uh opens a lot of doors uh allows us access to a global market very very quickly

it also gives us access to um some deep thought thinkers in um in order um i think wherever you

get backing into any any venture that you do,

it's all about, it's not about the cash. It's all about the, what else they bring to the table.

Cash, for a good idea, cash comes easily. It's the, it's the other things that they bring that

is important. So is this a spin out or like you were, you built this by yourself, they bought it

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