rayluk

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The Startup Backoffice

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Scalabiity Inc

StartupNorth contributor Ray Luk (LinkedIn, @rayluk) announced the launch of Scalability Inc. (@scalabilityinc). It’s a great service that provides backoffice services including bookkeeping, accounting, government filings, payroll, record keeping, and human resources. It’s the combination of tools and the people with the expertise to help with timing that can make a huge difference. Ray seems to have nailed a need in the marketplace with Scalability Inc.

It’s great to see startups building these unsexy tools, and sharing their experiences. It’s particularly interesting to see how many Canadian startups are playing in the unsexy backoffice space. Scalability Inc., Wave Accounting (announced $12MM from Social+Capital), TribeHR ($1MM from David Skok at Matrix Partners), Shopify ($22MM from Bessemer), Dayforce (acquired by Ceridian), it seems like Canadians like critical business apps.

@StartupCFO backoffice talk on oct 4 2011 at Founderfuel

What are the must have tools that you are using in your startup’s back office?

Sales & Inventory

Analytics & Business Intelligence

CRM

Human Resources

Accounting & Payroll & Expenses

Invoicing

Payments

Legals

Bookkeepers & Accountants

What are you using in the back office? Who are the consultants and providers that we’ve missed?

 

Year One Labs launches

Year One LabsIn case you missed it on TechCrunch, Year One Labs launched today.  Year One Labs is a startup incubator/accelerator in Montreal with a great team: 

This a team that is deeply steeped in the Montreal software/internet/infrastructure startup scene. They have a combination of deep technical chops plus the necessary hands-on operations with early stage companies looking for a scalable business model with customers.

If this isn’t enough they’ve surrounded themselves with great advisors including Dan “I’m Everywhere Man” Martell, Rails core team member and Shopify founder Tobias Lütke and others.

The Year One Labs Program

It’s an interesting program that provides:

  • $50k, issued in tranches based on milestones
  • Four partners who will work alongside you and your team
  • An international network of mentors
  • Direct access to Angel investors and VCs, both 1-on-1 and during our Demo Day events
  • Free rent, Internet, coffee etc. in the Year One Labs space

In exchange for “a minority stake in your startup, typically between 10-20% under standard Series Seed terms”.