Jaxson KhanChris Wilkinson Jeffrey Doucet They relented on the key measures that negatively affected startups and are reducing the overall small business tax rate. Now they're aiming for continued discussions... I'd call that a good response. Thanks to Patrick Searle Benjamin Bergen Dana Rose Jelena Djurić for advocacy.
Does anyone here have ideas on how to structure "revenue model" slide on the pitch deck? Should we show our current SAAS price plans and some sort of breakdown? Or am I completely missing the point of this slide? ... See MoreSee Less
Austin HillYou can, you can also show business model & some details about key metrics that drive revenue like margins, CAC, LTV, COA and show them now and going forward next 2yrs to 3yrs how you expect them to change (I.e. current margins are X, but net margins 2 years from now are expected to be Y because COA has gone down By Z% due to viral growth factor of K when our user numbers hit B .... this shows not only pricing but going forward biz model assumptions
Frank LuengoMake sure you have backup research and logic for each assumption. Maybe an appendix just in case. Disclaimer: I've done these for value investing pitches, not tech startups, but assumptions become the fly in the ointment if not fully thought through.
Hey everyone, the Toronto regional bid for the new Amazon HQ is out, and it does a great job not only trying to court Amazon, but also explaining why the GTA is the best place to start a business. Great read and a great tool for entrepreneurs here. Warning: It’s a 188 page PDF.
Varun MathurI hope we run a reverse-auction. Share this with all major tech companies and hedge against Amazon HQ2 to get the best deal for Toronto. More optionality is good for the local IT workers, although not so much for local startups which will have to compete harder, but that's life, isn't it... It is Toronto's manifest destiny to be the next New York.
Eric KryskiAlthough I'd love to see them come out west, God knows Calgary could certainly use a larger tech company to help spur the tech ecosystem here, that is very strong pitch. Definitely hoping Amazon lands somewhere in Canada. Props to who put that together! 🙌
3 days ago · 2
Sean ThomasDo you think it's a good idea to share publicly before the Amazon team has even looked at it?
Brandon WaselnukJust getting into the document, I'm already a bit irritated with poor metrics used to entice Amazon. "We will graduate 10,000 more students" It's like a startup with bad metrics. Graduate != successful students. It's too easy to force a graduation to hit a bad metric and pump out under performing talent.
There is some definite gold in this document overall - good work to the teams of people who made it real. Time to go mining for the goodies.
Amrita GurneyWhat would make this proposal really stand out for me is a section on how the city will provide for affordable housing for the people who help make this city liveable, so we don't turn into a San Fran or Seattle or Manhattan. (I only made it halfway through the doc so if it's there let me know 😬)
2 days ago · 3
Varun MathurI went through the whole document. It basically talks about stuff which is already available on the net about Toronto/Ontario/Canada, along with beautifully presenting various site options all across the GTA. Portlands (over 10 million sq ft) and East Harbour in downtown stand out as the prime candidates (over 11 million sq ft) which Amazon could develop, given its affinity for downtown campus locations.
This is "here is what we have, what we can reasonably do for you, why this city is good for you, etc" . No talk of any special incentives at least in this doc.
This WSJ article talks about how NJ is offering $7 billion in tax incentives.
Will a firm poised to be one of the first, if not the first, trillion dollar company in the world really choose tax incentives over where to locate its strategic workforce which will dictate how its future pans out ? If its Day 1, then its quality over incentives -- and Toronto is competitive over there.
Hi everyone! I teach youth in rural Eastern Ontario how to code and I have a super talented young 13 year old boy who is looking to participate in a Take a Kid to work day on November 1st. He would love to see the inside of a dev shop in Ottawa or Montreal. Would anyone have any recommendations as to where would be an awesome place for him to go? Really appreciate it! ... See MoreSee Less
Varun MathurSatish Kanwar Could somebody like Kelly Bergeron organize group tours and bring multiple kids for a brief tour of a Shopify office (with appropriate parental permission+supervision for the trip) -- I think instead of seeing a few folks in "a" local dev shop sitting on their computers coding away, the more awesome experience would be the inside of the most fantastic Shopify office there is for these kids... how do you inspire "wonder" ...Food for thought :)
I asked Ed Clark if Amazon coming to Canada would make it difficult for early-stage startups to compete for talent, and he said the Ontario government's goal to boost STEM grads meant there will be more talent than Amazon needs. ... See MoreSee Less
Varun MathurJust want to say thank you for covering/writing this. I noticed the speech was in the morning, yet there is already a well written article with thoughtful questions and answers already here.
Kareem Sabri"He announced that the province would increase the number of postsecondary students graduating in STEM disciplines by 25 percent over the next five years"
How do they do that? I didn't know this was a lever the government could pull.
CEO Dax Dasilva said he’s excited about the large Canadian presence in the round — and being part of a larger story of Canadian tech’s momentum. “There are many exits and outcomes and options for companies at our stage, and we wanted to stay independent and we wanted to double down on Canadian ownership, as well as achieve greatness as a company,” said Dasilva. “We wanted to stay independent, and this round allows us to reach potential and control our destiny.”
====== from TechCrunch one of the big areas Lightspeed will put this latest investment towards is building its own payment processing infrastructure, as today it works with Vantiv and Cayan to provide these services. “We want to monetise that area, and that will be a huge story for Lightspeed going forward.”
It’s interesting when you get inbound acquisition interest,” Dasilva said. “You see what other people see as your potential in reference to what they do. We learned a great deal about our strategic value. At the end of the day, we decided that we still have so much to do that it doesn’t make sense to be taken over.” ... See MoreSee Less
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