Startupfest is bringing its Elevator World Tour to Asia. It’s first event within the continent on October 13 will see 100 up-and-coming entrepreneurs pitch their ideas on the 100th floor of Hong Kong’s tallest building, the International Commerce Centre (ICC). Like previous Elevator World Tour stops...
Janessa LantzBlockedUnblockFollowFollowingAvid reader. Fledgling philosopher. Master marketer.4 hrs ago7 min readWhat Does the Future of Content Marketing Look Like? Spoiler: Far Less ContentContent creators everywhere including YouTube stars, Twitter personalities, and journalists are all suffering...
CIX is Canada’s longest running and most successful destination which brings together tech entreprenuers, founders, VCs, angels, corporates, investment bankers, technology providers and media. CIX is about education, connecting people, collaboration and th introduction of emerging innovative technology products and services that will be an integral part of Canada’s economic growth. In its 9th year, the CIX curates and showcases innovation in Canada and is a destination where deals get done.
The CIX brand includes the CIX Top 20 – which is an annual curated list of Canada’s most innovative tech startup companies canadianinnovationexchange.com/cix/top-20/
Hmmm... can't say I've noted this to any significant extent here in Canada, although it does make sense given the "atomization of seed rounds" that's taken place over the last few years. It would require realignment of market practices though. Thoughts / observations?
"Today, nearly all early stage term sheets I see are expressed as post-money valuations." ... See MoreSee Less
When I first started out as a VC nearly 9 years ago, most early stage company valuations were expressed as pre-money valuations. That is, the valuation of the company prior to the investment of new capital. Most term sheets talked about the valuation in these terms, and you added the dollars investe...
CIX FinTech will bring together global financial services decision makers and emerging Canadian FinTech ‘entrepreneurs in an environment of education and partnership collaboration. The full day will include candid discussions with senior level bankers on their innovation strategies, global trends with the heads of the fintech clusters from UK, Hong Kong, Switzerland, Brazil and Australia, federal regulators, the experiences with fintech CEOs on partnering with banks and non-banks, insurance tech, blockchain and cyber security.
The Paradigm Shift Continues: Minding the Early A Gap 8/23/2016 by Tim Bliamptis Roughly ten years ago, the cost of developing software dropped precipitously. Not surprisingly, this drop in the cost of developing software made starting software companies extremely capital efficient. This shift cre...
Varun MathurThere is nothing here from a data perspective (no pattern, no anecdotal) offering a basis for this gap. The gap exists in Infographic 1 which is filled in Infographic 2 --- unable to make sense of this. Perhaps wiser folks can opine.
Rachel BartholomewDejavu for me. Went through almost the exact same experience. Always trust your gut.
11 hours ago · 2
Sabrina PoirierWow. It was interesting reading this, especially as she was reflecting on the lessons learned. Definitely some red flags to watch out for.
Also, an important reminder to always have a little money put aside for a rainy day, even if you think you have job security or a big bonus coming your way.
5 hours ago · 1
Robert LendvaiGood read. But sadly, none of this caught me by surprise.
4 hours ago · 1
Jasdeep NarangMy heart went through a roller coaster ride while reading this...
Rachael-Dawn CraigI mean, in Canada we have a pretty good social safety net and pretty generous startup support incl. R&D grants... so are we just poking at the rich kids who were born into Harvard Business School?
Phil CutlerWould love to hear what Chamath and Bridgette have to say about this.
14 hours ago · 4
Kris GermannSince when has "entrepreneur" become synonymous with grants and funding. An entrepreneur used to be someone who worked off blood, sweat, and tears (okay and lentils because that's all we can afford) until they were able to live like they wanted to. Live like the 99% won't so you can eventually do what the 1% can.
Self-funded, lower middle class, no VC; innovation demands risk, sorry.
I DO agree that perhaps those who were given a head start with funding or well off to begin with may have a harder time taking risks - it's harder to do when you fear losing everything, as you've never had to experience having nothing.
[Edit] the state and mindset of today's "easy-bake-entrepreneur" (just made that up, I get 5% royalties on it) saddens me greatly
Tehsin BhayaniThis whiny article is focusing on the wrong points and making bad conclusions.
Not all entrepreneurs come from rich families. Entrepreneurs come from all walks of life. Rich families, poor families. What sets us apart is resourcefulness. That's the key advantage.
- They came from having lived at a halfway home to go on and build a company that works on world changing ideas (*****)
- They have slept at bus stops (Brenton Mowforth),
- Had a bank manager threaten calling cops on them when depositing their first large cheque (****** ) because the manager didn't believe them.
- Laboured late nights to keep their office spaces ready (Jeffrey Howard and Neil Martin) so other founders have a good desk to work from.
- Having run out of lentils, crashed events for free food so could eat a good meal, met that basic need and got back to coding.
Would love to hear other examples of this from the community.
Let it also be said that yes we do have a great country that does provide us with basic needs, there are EI programs available for entrepreneurs. Perhaps someone should try writing about how it's really done instead of this "entrepreneurs come from rich families" bs.
Bob GarrishArticle is closer to a full on troll than something to be taken seriously. My father was an entrepreneur, so was my mother, so was my mother's father, and all of them from middle class families. I got a step up - first person in my family tree with a degree. Also got to start a fancier company.
Not every entrepreneur runs a company that issues shares and titles.
Phill Mendonça-VieiraIt's not impossible to become successful and come from a poor family; it's a lot easier if you have a trust fund.
People surprised by this need to think about their peers' backgrounds, cos I've noticed this.
4 hours ago · 6
Qayam SayaniThe concept of a safety net doesn't just apply to financial capital, let's not pretend that race and gender aren't also a form of klout/currency when it comes to ensuring a venture is successful. Startup North never really seems to talk about how the fact that a disproportionate amount of successful Canadian startups were founded by middle-class white men. That in itself should be an indication that the scales are tipped in someone's favor.
Melissa Shapiro NightingaleSlightly biased but Wattpad PR team is kicking butt. Lots of coverage out of the US, especially in entertainment, consumer, and ad pubs, and regular love from the Canadian outlets too.
Mark EvansI think the better question is what startups are generating the most traction and growth. PR and media attention is wonderful but it's the cherry on top of the sundae. Most startups enjoy their time in the spotlight but it's fleeting. As well, media coverage is a crapshoot. It's impossible to know when or if it will happen. It's why I think growing the business and driving awareness in different ways is a more pragmatic approach.
2 hours ago · 5
Robert LendvaiMark is right. PR that doesn't drive traction and growth is pretty much a masturbatory practice.