SxSW fallout – you should attend MeshU

There’s been a lot of bitching about the state of SxSWi and why it sucks!

“Too many people, not enough tech.”

Jay Baer provides the best observations about what is working, what is broken, and some general themes from the event.

  1. There is more than one SxSW
  2. Bigger Isn’t Necessarily Better
  3. The Conference isn’t that Good
  4. The Periphery Exceeds the Core

The great news is that there are fantastic opportunities for entrepreneurs in Toronto (and across Canada, but we’ll come back to that). There are a number of small focused events. MeshU and Mesh are firecode limited at MaRS to 450 attendees. They are excellent opportunities to connect with entrepreneurs, designers, developers, marketers and funders. The event is tight and there are multiple tracks, however, the core keeps getting stronger every year. The core speakers are fantastic.

MeshU is a one day event. Perfect. My attention span can’t handle 5 days (never mind the 5 nights). It is happening Monday, May 17, 2010 which is right before Mesh Conference and OCE Discovery. MeshU is the supporting event to these 2 larger events. The supporting role has allowed it to focus on delivering great value.

Education-based aka the strong core

MeshU, May 17, 2010, Toronto, ON

MeshU, Toronto, ON May 17, 2010

The mesh team has always put on a great set of events, however in 2010 they have added one speaker that will justify the entire price of the ticket for me. Sean Ellis runs Startup-Marketing.com and 12in6 Inc.

12in6 specializes in helping startups unlock their full growth potential.  Our metrics, survey and experiment driven approach has evolved over 15 years of taking startups to market as VP marketing, interim VP marketing and as an outside advisor/consultant.  The first five startups our principal (Sean Ellis) helped take to market were:

  1. Uproar (IPO)
  2. LogMeIn (IPO)
  3. Xobni (Khosla Ventures – rapid user and revenue growth)
  4. Eventbrite (Sequoia Ventures – rapid user and revenue growth)
  5. Dropbox (Sequoia Ventures – rapid user and revenue growth)

5 projects that include 2 IPOs, and fuding from Khosla and Sequoia Ventures. Startups that have opportunity to learn about the Customer Development methodology from one of the best executors. This session will justify the price of the MeshU ticket for most startups.

There are other fantastic speakers including Aza Raskin from Mozilla Labs, Joe Stump from Digg, and Meredith Noble from Usability Matters.

Impact National Conference & Impact Ventures

Impact Entrepreneurship GroupImpact_blog_redlogo started life as a student group designed to help promote entrepreneurship as a career path. It was started by Kunal Gupta, now the founder & CEO of Polar Mobile. It started as a conference for students, “a one-day event in Kitchener, Ontario attracting 150 delegates”. It is still primarily a conference/event machine for student entrepreneurs. However, with the creation of Impact Consulting and now Impact Ventures (see below) this is changing very quickly.

The next INC_logoImpact National Conference is happening November 20-21, 2009 at the Westin Harbour Castle on Queens Quay in Toronto. The conference features some interesting speakers including some familiar faces: Andy Nulman, Sunjay Nath, Ali Asaria, Jordan Banks, Saul Colt, Austin Hill, Mike McDerment and others. It looks to be a great conference with a great list of speakers in Toronto.

 

What is most interesting to me is the announcement of the Impact 2010 Programs, including Impact Ventures.

Many talented youth with innovative ideas steer away from an entrepreneurial path due to the numerous challenges, including funding and guidance, which they inevitably face; Impact Ventures was created to remove these obstacles. Impact Ventures strives to provide youth entrepreneurs with the seed funding, advisory services, workspace tools, and strategic resources they need at the crucial idea stage to create a successful business. Based on the successful Y Combinator model used in Silicon Valley to bring the next generation of ideas to life, Impact Ventures will help propel new startups to achieve their business objectives.

The selection process consists of an application form and an interview; there is no business plan required. During the pilot, three to four ventures showing the most opportunity for growth and long term sustainability will be chosen for the first batch. This three-month program will bring these budding entrepreneurs to Waterloo, the technology hub of Canada, to present them with all the components each entrepreneur needs to help build their venture.

Components for each selected Venture:

  • $15,000 in seed funding for an average of 6% stake in the company
  • Mentors available for hands-on help as well as advise
  • Advisory services including Legal, Accounting, Banking and more
  • Office Space in Waterloo to create an environment of collaboration
  • Themed weeks where experts related to starting a business will provide their insights and advice
  • Consultants to help a new company fill gaps in its initial organization

Impact Ventures is dedicated to the implementation of the entrepreneurial spirit amongst Canadian youth and values the independence of each entrepreneur. We are not interested in controlling the direction of the company as we trust in the entrepreneurs to make the best decision for their company. We believe in a non-regimented and friendly atmosphere where you are allowed to develop your startup with little interference, numerous resources and advice when you need it. Impact Ventures is set to revolutionize the startup industry by giving entrepreneurs an excellent spring board that will launch them to their success.

I’ve been talking with members of team creating Impact Ventures including Taimur Mohammad and Ray Cao since my post "Incubators, accelerators and ignition” back in April 2009. It looks like the Impact team has taken up the challenge and will be using their network of advisors, past members to help guide and mentor new companies. It also looks like they’ll be providing funding and consulting services to help kick start these early ventures.  There is a Waterloo residency requirement, which potential a detractor for many students actually enables students in the VeloCity program a formalized incubation phase beyond their residence. For many non-University of Waterloo students this provides students access to the ridiculous support network available in Waterloo (I’m looking at you TechCapital and Communitech and BarCampWaterloo). This is something that is definitely worth keeping an eye on.