Realistically we wouldn't be talking about a lot of companies per year. There are maybe three to five serious music platforms in Canada that are raising venture capital level money per year. So you are already going to weed out a lot of the smaller applications. Realistically you're going to be getting asked for $500,000 to $750,000. The average series A for a company is typically between about $1 million and $1.5 million.
On April 1st, 2014. See this statement in context.