It’s indescribably beautiful!

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On the surface this might not seem like a Canadian success story, Eloqua was acquired by Oracle for $871MM. Eloqua by all appearances is a publicly traded company with headquarters in Vienna, VA. But they are probably the best kept secret in the Toronto technology community. Eloqua was founded in Toronto in 1999 by my friend and co-founder, Mark Organ (LinkedIn,) along with Abe Wagner (LinkedIn) and Steve Woods (LinkedIn, ). This is nearly a $1B dollar deal that was born and breed in Toronto (yes, I can do basic math it’s $129MM short but that’s pocket change and unlike when Siebel acquired Janna in 2000 for $975MM at the time of the deal the price changing with the Siebel’s stock price, this is an all cash deal). I had started figuring that it would be Salesforce that acquired Eloqua, so I am surprised that it is Oracle, and so soon after their IPO. Here is a great analysis of the marketing automation industry and the assessment for Marketo, Act-On, ExactTarget, etc.

Congratulations to all of the Eloqua employees. I continue to hear stories about an amazing group of people including:

It’s an amazing story that still has a big chunk of the product development team based in Toronto. Congrats to the entire Eloqua team and alumni.

Rebooting DemoCamp

 

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DemoCamp was conceived in 2005. I have hosted approximately 30 events (I only missed one and that resulted in 2 companies that eventually exited: Bumptop and Sysomos). It has been 7 years. But the world has changed. There were no accelerators or cyclotrons. There was no iPhone or Android. And while Demo and DemoCamp continue to work (see mHealthDemoCamp, Hamilton, Guelph, Edmonton, Eclipse and others). The format is simple (DIY instructions here).  But I’m feeling like it is time to open a broader discussion about the role events like DemoCamp should play.

mHealth DemoCamp

Craig Netterfield (LinkedIn, @cnetterfield) described DemoCamp as “DemoDay for companies that aren’t in an incubator”.  It was an interesting observation about the role DemoCamp played as a structured social process for entrepreneurs, funders and the community. My challenge is that DemoCamp in Toronto can not continue in the same incarnation. I am hoping to have an open conversation and gather feedback from students, founders, employees, funders about how we make it better. There are lots of events in Toronto. I don’t want to do an event for the sake of an event. I want to build something better, something that solves a need that is a catalyst for success of entrepreneurs.

Sources of Event Inspiration

I keep wondering about what is the role of an event like DemoCamp. Is it one of the following?

  • PR and Awareness
  • Recruiting
  • Inspiration
  • Education
  • Social

Does an event like DemoCamap need to exist?

“Good things happen to you at events” – Nivi

Events are great. They allow individuals an opportunity and to interact in social norms, we are inherently social animals. And events “are the place to meet people who won’t meet with you. People who aren’t available over email or one-on-one go to events to make themselves available”. But it is the social norms or the event dynamics that can make for meaningful experiences. There is an assumption that we should continue hosting events like DemoCamp and Founders & Funders. The assumption is that these events are valuable to entrepreneurs, developers, designers, marketers and others.

The thing about events is that someone has to organize and pay for them. What are the costs? Facilities, audio/visual, ticketing, insurance, bar staff, liquor license, etc. While we strive for $0 or low cost to attendees, there are still hard costs that have to be covered. (And this doesn’t include lost opportunity costs of not working on other things). The Brad Feld book tour event for example had costs of approximately $17000. These costs included books, space rental, food, and staff. The books were the offset/proxy for the travel expenses for bringing a guest speaker. We had basically 2 revenue streams: sponsorship and ticket sales. But the goal was to host an amazing event with a great speaker that derived real value for entrepreneurs and policy makers.

What would you do to completely reboot DemoCamp? How would you change the event? What do you find valuable? Is it worth rebooting? What changes would you like to see?

Please fill out the survey and leave a comment!

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Hiring a Growth Hacker on StartupNorth.ca

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Did you know that we run a job board for startups? It does allow companies to reach an audience that is interested in startups.

“Amar joined us 3 weeks ago after a long trial of hunting down and applying for the “Growth Hacker” position we posted on StartupNorth. We couldn’t be happier with his progress, hunger and efficiency. Over to you Amar!” – Michael Litt, Vidyard

There are great stories of people find companies and roles like Amar Chahal (LinkedIn) and the Growth Hacker role at Vidyard. If your a looking for a new gig, go read about how Amar was hired at Vidyard. It will blow your mind how much he committed to the process. I’m actually shocked that no one has socially hacked our job board as a candidate, i.e., it’s not that expensive but you could pay to highlight your resume or portfolio, because it will only work once.

Post Your Job

Postings are only $25 for 60 days. Postings are embedded on StartupNorth.ca and all postings are shared on our Twitter account. For example:


New job posted: Technical Marketer / Maintenance Assistant Inc / Toronto, ON, Canada http://t.co/WQkBUV6v
@startupnorth
StartupNorth

It’s a quick, relatively inexpensive way to post jobs to a targeted audience. Get a little bit of distribution and hopefully find candidates like Amar.

We are open to discussion about how we can improve the Jobs Board for both candidates and companies. Got a suggestion for how we improve things? We are all ears.