Simon Rothman - one of the most well-written marketplace analysts/VCs wrote this about their Toronto-based Ritual investment:
"Ritual started as an order ahead service. It was the foundation necessary to build the social platform that addresses local commerce. And in the process coined the term, Social Ordering, to describe their approach. This idea has been brewing for a long time, but hasn’t come together until Ritual.....
..Ritual’s “piggyback” allows friends and co-workers to pick up lunch when they have time, and their friends can return the favor when they have time. It’s a nice way to connect and support your colleagues. And the delivery is free when it’s done by your friend. Social currency displaces financial currency. It’s an elegant solution at the right price… Free. "
Since most people are takers and not givers, wonder if there is a tipping point beyond which people would get fed up picking up orders for others for free ? What if someone doesn't reciprocate the favour ?
“We do all the work, and the investor just invests in a fund and becomes a shareholder in the company. So for them it’s more about financial diversification. They want to get access to the tech boom, the startup ecosystem, but they don’t have the expertise, the time, or the energy to do it. It’s completely different from traditional angel investing."
Brightspark Ventures plans to grow their investor network to 10,000 in the next two years
hi everyone, a journalist friend of mine is looking for comment on the following stories (to be published closer to Christmas). None of my clients fall into said categories, but I am happy to offer a layup in terms of coverage if it helps any of you!
Questions are all about computer security:
1. X security resolutions for 2018 (this will be aimed at both consumers (use 2FA) and devs (santitize yo inputs!) 2. How to enter the computer security industry in 2018 3. How to learn to code in 2018
Hey guys! I'm looking to rent a meeting space for 25 to 30 people for two week. Is there anyone who may not be working during the Christmas season and may have some space available? If you're leasing your space - we would be able to pay part or your full rent for the month, depending on how much it is. ... See MoreSee Less
Wow, I’m so impressed by the founders and teams that I get to meet “behind the scenes,” through The Founder City Project. So much talent and peer support for one another … something special is happening here in Toronto/Waterloo.
It’s taken me a while to catch up with demand for our Founder Forum Groups--and now our Employee Peer Teams--because of the sheer volume of talent. This week alone, I'm building groups for over 120 #FounderTrained founders! That’s a lot of peer power to help each other grow, lead, solve problems, and attract talent (peers).
+ Recent training sessions have been over 50% female founders.
What started as a work of love for friends has grown way past 500 founders and teams and taken on a life of its own. I’ve tagged some true supporters. Thank you … you make me proud :)
**Facebook message me** if you want to learn more about a peer group for yourself or your team. I'm building teams right now.
“Those who don't know history are doomed to repeat it.” — Edmund Burke
Elena Yunusov has written a brief history of TO Product and tech in the BetaKit. Interested in how we got here? I am a little biased. Despite Douglas Soltys apparently taking shots at my being old and grumpy (Get. Off. My. Lawn. )
David JanesLOL I should have looked at the byline. Great job Elena!
5 days ago · 3
James MartindaleInteresting read. Teehan and Lax were given a shit load of money and shares to go and work for Facebook which never gets talked about. It was pretty much a successful acquisition and talent purge at the same time. It does amaze me how Toronto sustains all these agencies though.
Cory RosenfieldIncredible! Congats Elena, Douglas and crew on a very unique piece. Thanks to everyone mentioned in this article and the many who were not... for grinding away and making Toronto's tech/product environment the launchpad it is today. Kudos!
Varun MathurHere's my slice of history in 2005-2010 in Toronto and what the local tech scene meant to us.
This was a period when my team built a product from here in Toronto which at least few users found better than the UI/UX offered by Google Reader at the time :) The desktop-like web icons and the idea of personalized news has really taken off since. We had it without knowing/seeing iPhone at the time. We bet on the wrong horse (people actively curating their RSS feeds) and didn't persevere long enough to see sunlight (towards auto-curation which Facebook news feed does).
We were out to out-do Google, and for a brief few moments, we did. We hung around Bahen Centre (at UofT), looked at MaRS centre in amazement, read StartupNorth the blog, attended Founders Lunch organized by John and Malgosia Green and others, tried to network at local TiE events, and when it all f*cked up presented at BarCamp with what went wrong.
And then there was of course Techvibes. There was no one else doing daily, regular reporting of no matter what happened in Toronto's tech scene. Rob Lewis built that team and reported very, very diligently day in and day out. No matter the event, Techvibes was there (PS: I worked for them briefly and wrote a few blog posts with them as well). This was the pre-BetaKit days, which along with SN-the-FB group now, reporting from Sean, Garrett and others do a pretty darn good job of covering the local tech scene.
It is as good a time as ever to do a startup in Toronto. The energy is only amplified, and the best is yet to come in the next decade. Thanks all who persevered and made this a better place.
Sean MoffittNice contextual and historical perspective , rare for me to pop into Facebook and read an article this long, but I did - soon Crow you will be hanging out in barber shops all day talking about Nortel, Metamucil and Joe Frazier ;)
Mark KuznickiSo many feels for this. ❤️
My favourite part is how the piece starts: “It seemed like just another grey and chilly day in November of 2005, when Teehan+Lax opened its doors to welcome a small crew to BarCamp Toronto.” I remember that day as one of the most influential in my life, a key turning point in my search for my people and a sense of what was possible.
I have much appreciation to anyone who stepped up and invested their energy in making space for community. Most of all to papa David Crow 👴
Luffa is the capturing app for teams that makes meetings more useful, productive and smart. Luffa captures and remembers your conversations, demos, interviews and brainstorming sessions so that you don't have to.
Ian NicholHave you read the Bridgewater 'Principles' doc by Ray Dalio? This top hedgefund records all their meetings for history, transparency, and case study reasons. Recording meetings came down from the founder so it was enforced pretty well. Wide adoption inside an org might be a challenge without senior buy-in like this.