www.battlesnake.io is happening for the 4th year in Victoria BC! Sendwithus is excited to partner with Workday & Stembolt to bring the biggest and baddest Snake AI competition around! Join over 400 programmers and students in an epic struggle for VICTORY. Hosted at the Victoria Conference Centre March 4th. If happen to be in Victoria or need a reason to visit, this is it! ... See MoreSee Less
Kelly BergeronI went to Fireside last year - it was very community-focused. SXSW Music I've been to but that was 7 years ago - it might be way too commercial now... the tech conference might be different though.
Dickie DangA friend of mine who's sold his business but still works for the acquiring company doing exactly what you're asking for (tell him Rich Dang referred you) :
Hey gang, I'm working with a small team on a project that’s investigating analytics training in tech. We’re doing some research right now, and we’d love your help. When you have a moment, mind filling out this brief survey about analytics usage and training? Thanks so much!
Hi there, we're a small team interested in how we can help grow business performance and product engagement analytics skills+understanding in technology companies. We're doing some research to understand how analytics and analytics training are done at companies large and small. Your feedback will g...
In its next budget, the Canadian federal government is expected to increase funding for startup incubators and accelerators – organizations that provide resources and advice to help young companies grow.
Sunil SharmaI am concerned by the amount of money that is going to be flowing in this next budget and where its going to end up. Me-too models of incubators and tech hubs are set to proliferate and the peanut-butter comment that Stephen Lake talks about at the end really resonates. This is essentially a call for corporations, private investors, venture accelerators and high-net worth people to make investments and share in the successes to come. It should not be all about government dollars.
Jesse RodgersThis article is very Ontario centric -- I am digging into Atlantic Canada numbers and what I don't see is so much cross-joining of programs by startups into other programs but a general ecosystem success rate (companies moving up to A rounds and above) higher than accelerators in general. Example -- only a few companies have been in both Propel and Volta (out of 120 or so) with 1 joining a 3rd program outside of Atlantic Canada. That is out of ~278 companies in total for the region over the last 5 years. Updating some numbers and stuff before I post any real numbers though.
Kristjan SigurdsonI think we should be very careful that looking for “a common approach to measure the success of these programs” does not simply result in a set of common metrics used to evaluate any program that works with startups. Programs are best judged based on how well they accomplish what they set out to do. If you need an example of what a focus on an established, generic set of innovation-related metrics can do to harm an ecosystem, just look at the 30+ year obsession of Canadian science and technology policy with university technology transfer metrics like patents and licensing income. This pushed our universities away from entrepreneurship and towards exporting our best inventions (and inventors) to large firms that are often based outside of Canada. The reality is that the terms accelerator and incubator are catchalls that refer to an extremely wide variety of programs, many of which are completely different in what they actually offer, in how much government funding they require, and in the results that can be reasonably expected of them.
Founders - over the course of the past several years I've had the honour of hearing your incredible stories of courage, perseverance and passion as you've scaled your startups. Inspired by these stories, myself along with Selcuk Atli from 500 Startups and Mark Hayes are writing a book called The Pivot Pyramid, which is a methodology for startup pivoting.
We'd love to include some of your pivot stories into the book as we feel that these stories could greatly impact the community. Learn more about the project and submit your pivot stories at:
Spently is the top app in the Shopify App Store to support all the email notifications customers receive. These are existing emails customers get after every purchase, but come standard from Shopify and other platforms without marketing capabilities or advanced customization. Since these are the mos...
Gershon HurwenThanks Sunil - excited to be co-leading the deal into Spently together with you guys. I think that Nick and Vin have an excellent team and I love that they add significant value to their customers (more than $100m in Revenue generated for their stores in the last number of months). The investment fits well with our thesis of investing into apps/companies that support the e-commerce ecosystem. Happy to answer any questions - pm me if interested or use the crowdmatrix portal to discuss with management.
15 hours ago · 8
Kyle CollierGreat companies can't wait for these deals to close!
Roy PereiraIt looks like the zoom.ai seed round is going to be over-subscribed but I wanted to mention why CrowdMatrix is handling a small part of our deal.
As most of you know, I am a huge proponent of the Canadian and especially Toronto tech scene and I want to pay it forward whenever I can.
I believe that what Rubsun and Leah are creating with Crowdmatrix is very important to our tech scene. It is a crowd funding platform for Canadian startups and I want to make sure that I give it all of the love that it needs to be successful so that we all benefit in the future from a stronger funding eco-system.
14 hours ago · 16
Leah CarrI‘m so excited to be working with two amazing teams and helping them raise money to grow their companies.
Nicholas & Vincent at Spently | Roy & Matt at Zoom.ai are superstars, with experienced industry veterans Extreme Venture Partners leading both deals and Vitality Capital co-leading for Spently.
Special thanks to StartupNorth, since sharing these awesome companies with the community we have been able to secure several new investments to help these companies grow.
If anyone is interested in learning more, please reach out to me at [email protected] (All deals are in Canadian dollars)
11 hours ago · 8
Kevin KlimanAwesome to see this. Both companies are building valuable services.
Some thoughts I wrote as I was thinking about my own strategy and on how the startup world is inherently gamified; and why the ideal strategy is for founders to use seed funding as an injection of growth capital; and then to sell. Do not pass GO, and do not collect that Series A funding and beyond - unless and until it is a breakthrough product which can and will grow very, very aggressively. Financially, for founders and seed investors a $50 million exit with seed funding as the only equity investment is equal to a $100 million exit with Series A funding...so why do it ? Why play the game and why not design a better path for your startup from the outset which serves your fundamental interest ? After all, as a founder, you are not hedged. ... See MoreSee Less
Derek TingIt makes sense if what the founder(s) are trying to optimize for is the maximum expected monetary value of an exit. However, most people who raise the Series A, B, C, etc do it because it is the only way to see their vision become reality. If that vision is their passion, that is priceless and no exit can compensate for that (well maybe).
3 days ago · 1
Varun MathurHow would an AI agent, instead of a human founder, make such decisions ? 100 years from now — is it inconceivable that we would have smart agents able to conceptualize and start startups based on identifying gaps and opportunities in the world ? Since they would not be tied emotionally like humans are, such an agent would follow an optimum strategy as outlined in this original post.
Many people do this for reasons which have little to do with $$, but more to do with how we want to “feel" about ourselves’ now and in the future. Humans are inherently emotional beings, and for lack of a better word, gamified. Intangibles like sense of personal accomplishment (having a vision, making something people want, being loved and appreciated by customers and others in the startup community, getting awards/followers, raising multiple rounds of funding), and the social recognition which comes with that, along with the fear of missing out. Same principles which are used to design games - and what gets people addicted to them - are at play for many of us in the startup community. It is well and good - and what differentiates Wall Street ("I want to earn money") from Silicon Valley ("I want to change the world").
However, somewhere along being gamified to the startup world, the founders and early investors core, fundamental monetary interests get side-tracked, and that is what I was trying to get focus on. When a $50million exit with a single round of seed of funding can produce equivalent returns when compared to a $100 million exit with a Series A (or more) round of funding - its worth asking, what’s the point to go and spend more of your limited time on this planet in that venture ? What is the qualitative difference in achieving your vision between having 1 million versus 25 million users, when your monetary benefit is the same ? Would you “feel" differently ? Why not 7 billion users then — where do you draw the line for where you feel satisfied you have achieved your vision ?
But without falling in love with your startup - there is no way to build it either. Given this quandary and fundamental human nature at play - which I don’t think any of us can escape and take a pure mathematical approach here, a viable strategy could be to have a long-term vision, yet target to bootstrap, take at most a single round of funding, and “target” to have an exit in the $25-$50 million range. That then is a good point to evaluate if it can be grown significantly further, 10x-100x, to justify further dilution for expansion and to leave money on the table in the pursuit of more in terms of "vision". There is an immense amount of capital available in the world, sometimes the smartest thing to do would be to not take it. We read about the successes — what happens to the rest which had promise but don’t quite grow rapidly enough ? How many buyers are out there which can acquire a startup in the $500m-$1billion range, how many IPO vs how many fold despite raising Series A and beyond ? What is the sweet spot of purchases for the most active acquirers out there ?
Izzie EganWe use payment evolution and I don't like it at all. Just learnt that ceridian now has a start up/small business service that sounds affordable and good.
2 weeks ago
Aidan NulmanAlso a generally-dissatisfied Wagepoint customer considering a switch; was on Wave prior.
Wave peeps on this thread Jordan John Khat Reuven Ali—did any of you have Canada + US employees to pay?
Aram MelkoumovJustin Hein We were on Wave. It wasn't very good for Payroll. Wave itself has a crap load of problems that they need to figure out. We switched to Quickbooks for accounting and use Wagepoint. It works fine for us! If you don't like it and you are already on Quickbooks (which I think you are due to Scalability migration), then use Quickbooks payroll. What's the issue you are having with Wagepoint?
Haseeb AwanThere are some features missing from wave but I still like it . Customer support is stealer and I feel good by supporting a local firm . +1 for wave
2 weeks ago · 1
Jason MorehouseWe use paymentevolution.com. It does the job. UI is a tad clunky, but everyone gets paid. Integrates with Xero. Based out of Toronto I think.
2 weeks ago
Adam JonesShameless promo but I'd recommend checking out a demo of Rise (www.risepeople.com) It's a payroll solution first, and support is first class. Also offer group benefits and HR fully integrated.
Caitlin Henry MacGregorI absolutely love Wagepoint! Their customer service has been first class. I hated Ceridian and was blown away by how much better my experience was with Wagepoint! I also love that they are local and believe in providing the best user experience and best customer service. Like many startup founders on here, they really go above and beyond to keep their customers happy. I'm sure they would appreciate the opportunity to make you happy.
2 weeks ago · 5
Rob MaurinThanks to everyone who plugged Wave! The features I'll shout out, if I may (other than being proudly Canadian):
• complete, including direct deposit, T4s, CRA remittances, at no extra cost
• easy for people with no payroll experience
• seamless integration with accounting, invoicing, etc.
For people who gave us a try a while ago: We've made a ton of improvements (and will continue to), including our commitment to customer support. We now have live chat in the payroll section, and extended support hours.
If you have questions, Bob H from the Wave team is awesome. You can get him at [email protected] or message me and I'll help out.
The URL, of course, is waveapps.com/payroll
Cheers everyone. Happy new year.
Stephen LakeCeridian, but I'm not sure you can call it "automated"
2 weeks ago · 1
Brae-Man HebertAt Uberflip, we use Rise (www.rise.xyz) and find it fits our needs quite well. Product won't wow anyone but it does what it's supposed to do reliably and we find their service to be great. Lots of love for Wave here but it won't suit everyone, and caters to the simpler SMBs.
2 weeks ago · 2
Michael GokturkADP - it's worry free, does the job right, and there's no bugs to deal with.