Wow - Toronto is on fire when it comes to start-uppy folks. A random coffee house event today drew in several pre-seed founders at various stages of their idea lifecycle - from first-time entrepreneurs, to serial successful entrepreneurs, to even a "reformed" VC. Amazing to see so much talent, and people are really gunning for the big ideas. I counted 5 separate billion-dollar ideas on the table with folks passionate enough to brave the cold for it and humble enough to come out to learn and share.
I think we barely had enough space - I love this format of a small 8-10 person peer group exchanging ideas, constructively criticizing and finding new ways to collaborate with each other. Looking to organize something similar in Montreal and Ottawa over the next few weeks to meet pre-seed founders there - anybody interested in that, please comment here. ... See MoreSee Less
Trevor YoungI would be interested, and happy to help organize if you need some help (I'm Toronto based CTO, recently joined a publishing/marketing startup and rebuilding the martech stack using experience building financial exchange tech. Would love to hear from more local peers or share learnings )
Mark EvansFrom personal experience, tech conferences in Toronto are a big challenge. There are limits to how much people are willing to pay for tickets and you need to convince them that taking a day away from the office is worth it.
Kamil RextinRandom oblique comment. Uberflip did it's first conference last year. Being a marketing company the focus is naturally marketing with other martech folks in attendance. Is that something you'd be looking to latch on to? Granted its more of a user/customer /prospect angle and not a general state of marketing tech in Canada angle.
It's our 21st (!) edition of #AskAnInvestor this week, sponsored by the good folks at TribalScale . Thanks to everyone for your questions, comments & support over the past months. Hope you are finding this weekly resource valuable.
Today we feature the topic of stock options - what are they, how do they work and how much different roles in a company should get.
Thought some of you may be interested. This morning, Constellation Software announced a significant investment in Redknee and will now be entitled to elect a majority of the board of directors, in essence controlling it. Deal expected to close in January 2017. ... See MoreSee Less
TORONTO, CANADA--(Marketwired - Dec. 9, 2016) - Constellation Software Inc. ("Constellation") (TSX:CSU) announced today that Constellation and a subsidiary of Constellation have entered into an agreement with Redknee Solutions Inc. ("Redknee") (TSX:RKN) providing for an investment of US $80 million…
AWS is excited to announce immediate availability of the new Canada (Central) Region. Canada joins Northern Virginia, Ohio, Oregon, Northern California, and AWS GovCloud as the sixth AWS Region in North America and as the fifteenth worldwide, bringing the total number of AWS Availability Zones to 40...
Pre-seed founders - I am doing a free brain dump this Saturday, only for members of this awesome community, at a downtown Toronto coffee shop. Don't make the mistakes I did. Few key themes I hope to chat about and what I have learned from my 2nd startup, 6th major idea in life and working day in/out with databases and mobile apps:
a) How to design and build mobile app MVPs: What are the best front-end and back-end tech and best practices to help you save tens, if not hundreds of thousands of dollars, and months in dev time. If you are sufficiently gritty and can persevere, you can build amazing apps yourself - no funding, no other help needed.
b) Why you shouldn't build in the first place: It is easier than ever to build, and go down that rabbit hole, however, I urge you to not do that to start with. See if you can run your business using existing tools (pen, paper, spreadsheets, email and a phone ?) and get people interested. Figure out the fundamentals and the distribution strategy. The build time, the time you are not in the market, and think you have a startup, is meaningless and self-delusional. If a tree grows in a forest and no one knows, then what is the point ?
c) Viral growth: Paid user acquisition is something even your local Pizza shop does - but the real fun is in designing products which inherently lead to viral adoption. For example, ClassDojo, a very basic website, got teachers really excited about the value proposition, who then used all sorts of incentives to get parents and students signed up, while ClassDojo played the role of enabling the teachers to advertise to parents. Likewise for Slack, Trello, LinkedIn and other products which had viral design inherently baked in. It wasn't just a mere coincidence these startups had explosive growth, they designed and planned for it. www.picatic.com/goodproductbadbusiness
Anyone have a good accountant in Vancouver to recommend? Thinking about moving our books over to Deloitte who handles our SR&ED but not sure if they are economically friendly for a startup of our size. Anyone have experience with this? Would like to work with a firm that understands funded startups and reporting requirements to investors, with cross border experience, and a firm we can grow with. ... See MoreSee Less
Ryan LazanisHi Melissa. Check us out (www.xenaccounting). We're a cloud based accounting firm who's purpose is to deliver easy, automated & paperless online accounting services for a focus on funded tech startups (SaaS, marketplace, etc). Message me of you have any questions!
2 days ago
Steve LionaisWe've been using lionsfg.com for the past 3 years. They have an in house sred team who've successfully handled our claims as well as our accounting needs.
2 days ago
Tea NicolaWe use 2 sole proprietors for SRED and reporting and a firm only for taxes and audited financial statements. SRED is % of claim and CFO is hourly.
I love them both, easy to deal with, very little overhead and cost effective.
1. I'm finally launching a website! (Look for it later this week.) 2. I'm extending the Founder City experience with a new service, called Founder City Talent.
Founder City Talent was created to address what I think is the #1 opportunity for Toronto/Waterloo region founders to compete globally. It's become possible through the tremendous support that I'm receiving from some local leaders, like Allen, Ivan, Ben, Heather, Mike, Catherine, Eva, Albert, Shaver, Jim, Sheetal, Dave, Chris, Ryan, Kirk, Alexander, Jodi, Jessica, Chris, Paul, Steven, Ameet, Jay, Pat, Mark, Damian, Tami, Jamie, Karl ... + more.
* So, you ask: "what is it and how can I help?"
I've attached an early draft of "Our Story" -- including a description of Founder City Talent. I want the story to resonate; to extend the mission of supporting our founders, so I'm struggling with what to cut, or maybe create a 1-para TL;RD version to accompany the longer version. Please take a look and let me know what you think...
The Founder City Project Story Founders Founders are society's new protagonists, but they have a tough and lonely job. Their most serious business and personal issues often can't be discussed with employees, investors, co-founders, friends, even spouses. They need an additional resource. F...
Alison Livey GibbinsHi Ben Baldwin - congratulations on the growth of The Founder City Project. To help with your ask for feedback, could you please clarify what is the goal of the document (e.g. Get new members; educate existing members about Founder City Talent) and where this text will be used?