Manny Padda | 2017 Recipient of the Startup Canada 2017 Entrepreneur Promotion Award
“You have to truly love what you are doing and be passionate about your product or service in order to persevere through those difficult days.”
Manny Padda is an entrepreneur, angel investor, and philanthropist based in Vancouver, B.C. A self-made entrepreneur who built his first multi-million-dollar company at age 26, Manny is the founder of New Avenue Capital, a global firm focusing on Financial, Human, and Impact Capital.
Recipient of the 2016 Governor General Sovereign’s Medal for Volunteers and Entrepreneur Organization’s Global Citizen of the Year, Manny is a true philanthropic leader.
His two main pillars for philanthropy are children and education. He believes every child deserves an education and it is his personal mission to provide education to more than one million people worldwide. Manny achieves this by actively contributing to numerous organizations through mentorship, investment and philanthropy.
SN: What is the biggest lesson you have learned to date?
MP: It’s never too early to become an entrepreneur. There was a lot of stress and self-doubt involved in building an executive firm at the age of 26. I left a very comfortable position that had a promising career path to follow my dream of being an entrepreneur, I knew I was going to face adversity in an industry built on seniority but it was harder than I expected. It was a new firm and I was under the age of 30, so it was hard to have people take me seriously.
There were many times when I thought I was too young, but I quickly realized age didn’t matter. I had to learn and adapt at a rapid speed; but we maintained our position and PM Search Partners grew quickly to include four offices globally.
If I had given up because I didn’t think I could make it at such a young age then I don’t believe we would have seen the success that we have today.
SN: What advice do you have to those starting up today?
MP: Something that I always tell entrepreneurs is that there are more bad days than good when you are building a business. It requires a great deal of sacrifice to go through the trials and tribulations of starting your own business. This is why you need to make sure that you get involved in something you are passionate about. Capital is just one aspect of the business. You have to truly love what you are doing and be passionate about your product or service in order to persevere through those difficult days.
SN: What is the one thing we need to do as a nation, today, to position Canada as a global innovation and entrepreneurial leader?
MP: We live in a great country that has a deep talent pool just waiting to be tapped into. As a nation, Canada needs to invest more in technology and education in order to push forward as a leader in global innovation and entrepreneurship. We need to put more time and resources into teaching leverageable businesses. It is all about building a balance in our economy between natural resources and the other emerging industries that have the opportunity to push the country’s innovation forward.
SN: What is your vision for the next 150 years?
MP: Over the next 150 years, I would like to see Canada at the forefront of global innovation end entrepreneurship. My vision is for Canada to continue to invest more in technology and education. If we continue to tap into our immensely talented population and leverageable businesses, Canada will be a leader in innovation.
SN: What is your message to the world?
MP: If I could spread one message to the world, it would be to blend more philanthropy into the business model. I strongly believe that we all need to live by the guiding principle of paying it forward: If you’re lucky enough to do well, it is your responsibility to send the elevator back down. Giving back can be an essential part of a sustainable business strategy. By creating a culture of giving, you are increasing productivity and workplace engagement in your company and getting people excited that their work truly makes a difference. Integrating philanthropy into the business model not only does good and but it also promotes good.
SN: How have you benefited from being a recipient of the Startup Canada Awards?
MP: I am humbled to have received the 2017 Entrepreneur Promotion Award both in B.C. and nationally. It is a great honour that has come with added exposure on a national level, which I am forever grateful for. Being a part of the Startup Canada Awards alumni program has provided me with an instant community of thousands of entrepreneurs across the country. It is exciting to have this increased network of like-minded people who are working together to move Canada’s innovation and entrepreneurial community to the forefront of the global stage.