Category Archives: Alberta

GrowLab on tour

GrowLab DemoDay 2011 - Some rights reserved by miketippett
AttributionShare Alike Some rights reserved by miketippett

Ok, it makes me laugh every time I read GrowLab. The only way it could be better is when someone describes the GrowLab companies as “GrowOps”. They really did a great job in creating a corporate name that has a set of nuanced meanings (well maybe it’s not so nuanced).

Our friends from GrowLab are heading out on tour to find their next cohort. They are coming to:

  • Toronto - February 13, 2012 Register
  • Waterloo – February 14, 2012 Register
  • Montreal – February 15, 2012 Register
  • Edmonton – February 22, 2012 Register
  • Calgary – February 23, 2012 Register

Sounds like an interesting night with Daniel Debow (LinkedIn, @ddebow), Debbie Landa (LinkedIn, @deblanda) and Jason Bailey (LinkedIn, @YVRJason) talking about startups, entrepreneurship, building companies in Canada, getting connected in the Valley, GrowConf, incubators and other fun things. The panel conversation is:

Are you an Entrepreneur or a Wantrepreneur?

What makes you different from other entrepreneurs trying to build start-ups? You are competing with thousands of entrepreneurs for the same resources, talent, and capital. How are you going to make sure that you attract the best people and funding? Is it about who you know or is it about how great your product is or the reach you have in the community?

In Toronto that I get to host the above conversation, it means that I’m going to have to represent for the “Wantrepreneur” side. Because there is too much awesomeness with Daniel, Jason and Debbie representing the “Entrepreneur” side. It should be a fun event and a great time for entrepreneurs to get or stay connected with each other. This is a great group to provide deep insight into the experience of building companies in Canada and selling them to Silicon Valley powerhouses.

Given the tour includes stops in Bucharest and Budapest, I can guarantee that someone will mention Summify (congrats guys).Also excited that Debbie and Jason will be joining us on Feb 16 for Founders & Funders.

EmpireAvenue raises seed funding from W Media Ventures

EmpireAvenue, the world’s first influence stock market, where you can buy and sell virtual shares in your friends and brands has raised it’s first round of seed financing from W Media Ventures. Something hinted at in yesterday’s City of Champions round up.

The Edmonton based startup, founded by former BioWare, Electronic Arts, and MySQL employees, has in a matter of months developed a robust social trading platform and attracted over 15,000 users. The new capital will allow the company to continue development and launch Avenue Rewards, a platform that connects brands with influential individuals. A similar business model is being pursued by Klout, a competitor in the influence market.

As part of the financing, Boris Wertz of W Media Ventures will be joining EmpireAvenue’s board. Boris is easily one of the most active early stage consumer internet investors in Western Canada, with a portfolio that includes: Tynt, Suite101, Indochino, Yapta, and many more. He brings an incredible depth of experience to the venture; EmpireAvenue’s stock is rising in a major way.

Hanging out in the City of Champions

One of the first things that strikes you as you are driving in to Edmonton from the airport, besides how long the drive is, is the entrance sign to the city. It is declared the “City of Champions”, and it kind of takes you off guard. St John’s is the “City of Legends”, Montreal the “City of Saints”, “Toronto the Good”, the list goes on, but nobody seems to aspire quite like Edmonton aspires.

We are constantly looking to Montreal, Toronto and Vancouver as the beacons of the Canadian startup community, but the truth is that those cities do not always carry their own weight when put up against smaller cities who are hustling to make things happen. Edmonton has an aura of wealth, there is money pulsing through this place, and like Texas before it, Edmonton has a pedigree of entrepreneurialism from those days. This city is punching above its weight. At least, that is the romantic view of Edmonton and Alberta in general.

When you hit the ground here, it is evident something is going on. Cam Linke and StartupEdmonton are at the center of what has been happening. Cam started running Democamp‘s in Edmonton in 2008 and has gone on to throw LaunchParty‘s, StartupWeekends and other events. Without hesitation, we can grant him the title of “David Crow of Edmonton“. . . (“Don Quixote de la Mancha” ?)

I had a chance to grab lunch with Cam today while I was in town. We talked about what he is working on, what is happening in Canada and what we wanted to get out of GROW in a few weeks. He also gave me his list of Edmonton’s most promising startups. Here are some of my favorites:

Fotojournal. A blog platform for photographers to showcase their work. It feels a bit like Flickr did in the beginning in that it is something that aficionados “get” at this point, but photo journaling could be the next evolution of the basic sharing we see today. People love to tell stories, and some people love to tell them with their camera. (See also: Clustershot from PEI)

Beamdog. An app store for games for the PC. This is taking ambitious to a whole new level in competing with Steam as a distribution platform. They have an impressive number of games in their catalog as of now, but in the absence of large scale distribution deals with publishers, my guess is that it will be tough to get mainstream content. Cam pointed out that they really have the beginnings of a killer app store platform however, and there are a lot of opportunities for them to slide horizontally, or to focus on specific niche’s in gaming. It will be a cool company to watch as I think we will see them iterate a few times.

Yardstick Software. An employee training and test administration platform. Enterprise HR is a tough market historically, but things are definitely changing. HR departments are making more of their own purchasing decisions these days and consumerization of IT and cloud computing trends are playing out quickly in this market. My guess is that these guys are already doing pretty well. (See Rypple, Toronto)

Empire Avenue. Buy and sell your friends (I just bought a lot of RANNIE). Empire Avenue is an explicit mechanism to assign value to the objects and people we interact with on the web. In a way we are all doing this everyday: We friend and unfriend people, we subscibe and unsubscibe from newsletters and other things that affiliate us with companies, and we share links and bookmarks. Empire Avenue lets you put a stake in the ground and buy shares in something you think will rise in value. I’ll be honest, I still don’t have it figured out, but it seems just crazy enough that I want to follow it. After I signed up, it was fun and the first few things I needed to do (buy some shares in friends) seemed clear. The rumor is that they have closed a first round and it will be announced tomorrow.

Edistorm. An online whiteboard for groups of people. “Edistorm takes the metaphor of sticky notes on a boardroom wall and brings it online allowing anyone – anywhere to brainstorm with only a web browser.”. A neat app, the product execution seems good and the price is right for the customer. They have done everything right so far, but I can’t figure out the market side of the product/market fit.

Other Edmonton startups include

Smibs -”business network and software products help you connect, share, collaborate and get things done the smart way.”

Tooq – Contractor and Small Business Toolbox

TeamRemind -”A simple and effective way to organize your team. Make sure everyone is up to date” (See: YourTeamOnline and Teampages)

Newspond – Techmeme like intelligent aggregator. (See: Rogers Ventures funded Thoora — might be a good acquisition for Thoora actually, considering they are looking for experienced relevance and ranking developers edit: they were at least)

Democamp and Launchparty regularly attract 200+ people here and Cam will be organizing the first Founders and Funders dinner this fall. There is talent and ambition here. Smart investors will get on a plane and take a look at what is happening.

City of Champions? I’m willing to believe it.