Year: 2007

  • Ontario "Premier's Catalyst Awards" nominations open

    OntarioOntario Premier Dalton McGuinty and his new Ministry of Research and Innovation (with himself as Minister) have been making waves for the past few years in the Ontario innovation community. McGuinty appears to genuinely love the innovation policy file, and speaks quite passionately on the subject.

    While in the past, the Ontario government’s emphasis has been on commercializing University-based research, the mandate for the new Ministry is much broader and bolder – building a culture of innovation and entrepreneurship throughout the Province, which is good news to the grassroots startup community here at StartupNorth. Awards are one way to recognize and signal this direction.

    The Catalyst Awards provide five awards of $200,000 annually for developing a commercially successful new, or significantly improved, product or service based on a breakthrough technology. Innovations must have the potential to impact Ontario’s economy, society and/or sustainable development.

    If your startup is doing something new and exciting in technology, you should apply. Please see the page for the Premier’s Catalyst Awards for eligibility criteria and the application process. The deadline is November 1st, but you may as well start now. Good luck!

  • Amazon selects Freshbooks for new Payment Service

    FreshBooksYou have probably heard about Amazon’s new Flexible Payments Service… what you didn’t know is that FreshBooks, the Toronto based invoicing startup, was one of the very first companies invited by Amazon to try integrating the payment service. Great news all around! Amazon’s entry means more competition in the online payment market… good for consumers, good for startups. And FreshBooks was recognized by Amazon as the perfect partner to demo their newest web service utility. Think Canadian startups are going unnoticed by the web giants? Think again!

    Check out FreshBooks’ perspective on the Flexible Payment Service.

  • Mickey Mouse devours Club Penguin

    Disney2Club Penguin, based in Kelowna, has been acquired by Disney for $700M. In an open letter announcing the acquisition, the site’s founders promise to keep the site free of advertising and hint at site localization. Sony had previously attempted to acquire Club Penguin for $500M. This is a huge exit for founders Lane, Dave, and Lance. Congratulations!

  • Canada's greatest startup city?

    We are looking for writers who are in love with their hometown, or adopted hometown.

    You are running a startup or heavily involved in your local tech and startup community and you are convinced that your town is the best place in Canada to be starting a company.

    We want profiles of the best cities, towns and communities based on criteria such as

    • Cost of Living
    • Existing community of startups
    • Previously successful individuals
    • Availability of talent
    • Angel investment activity
    • Government assistance availability

    But hey, you know why your hometown is the best place in Canada to get off your butt and start a tech company, so get in touch and we’ll send you a quick email with some criteria for your post.

    Just think of the fame of being a guest writer on StartupNorth!

  • Weblo Raises $3M – Brooklyn Bridge for Sale

    WebloWeblo.com, founded by Rocky Mirza, has raised $3,300,000 in a second round of funding from Vantage Point Ventures.

    Based in Montreal, Weblo is some kind of horrible cross between MySpace, Second Life, and Monopoly. You can spend real money to purchase profile pages of property (e.g. California), non-trademark domain names (e.g. Cars.com), and celebrities (e.g. William Shatner). Then as the owner of these virtual assets you get a revenue share of advertising on the profile page (usually less than a dollar). You can also sell these profile page assets to the next fool (don’t count on it).

    Interested? Me neither… Weblo has all the appeal of a ponzi scheme. Listening to Sean Morrow, Weblo’s Director of Marketing, describe Weblo as a business opportunity for users makes my stomach churn. This is not to say someone isn’t making money. The first time an asset is sold all the proceeds go in Weblo’s pocket (e.g. someone purchased California according to Weblo for $53,000). Weblo hopes each of the profile pages move up in the search engine rankings to collect some SEO advertising dough. And of course members are encouraged to upgrade to a monthly paid membership to earn a larger cut of the advertising revenue. Yeah…

    I am not the first one to call the site a modern version of the Brooklyn Bridge ruse, where a con man sells the Brooklyn Bridge to a sap. Yes, someone purchased the Brooklyn Bridge from Weblo.

    It is not just that proclaiming oneself the virtual owner of Toronto, Madonna, or thebestpageintheuniverse.net is delusional. Weblo, essentially a collection of empty profiles pages, lacks the adventure of a 3D MMOG like Second Life. Will Weblo profile pages move up the search engine rankings and prove as indispensible as Wikipedia articles? Doubtful. Wikipedia works because everyone can contribute to a page. On Weblo each profile page is controlled by one unmotivated individual looking for easy money.

    “There’s a sucker born every minute…and two to take ’em.” Prior investors in Weblo include: Richard Rosenblatt, former chairman of MySpace.com; Fred Harman, managing partner of Oak Investment; Matt Hill, founder of eForce Media; and William Woodward, managing director of Anthem Venture Partners.

    Way to sell ’em Rocky.

  • aideRSS.com – What's next in RSS

    If you are like me, your blog aggregator is getting a little out of hand. Once you start climbing over 150 feeds, and well in to the 200s, you are starting to get overloaded. I have, on a few occasions, deleted all the feeds from my feedreader and have started from scratch.

    So far in it’s life, RSS has been kept pretty simple, and that has been a big reason for it’s success. Things are changing however. Every major browser now incorporates RSS in some way, and it is becoming more and more of a mainstream tool.

    Why did you start AideRSS?
    “On one level, to scratch a personal itch, and on the other, to help everyone else with the same problem of overloaded feed-readers ? we knew we were not the only ones, and someone had to step up to the plate! The daily number of posts most people receive makes it impossible to stay on top of the news, frequently resulting in the ?mark-all-as-read? syndrome. In this process, important stories, and at times, true information gems are lost. AideRSS tries to address this by allowing the user to filter incoming feeds based on social engagement metrics: comments, bookmarks, trackbacks, etc. We collect this meta-data for every feed, find the posts that have created a buzz, and deliver them into your inbox ? much like a newspaper editor picks relevant stories out of the newswire. Our goal is to make RSS manageable and relevant for every reader. “

    It is time for RSS to come of age, and to do that we have to get smarter about how we manage feeds. Right now, early adopters are up to having 200, 300, 400 or more feeds and the design of the aggregator hasn’t changed much in 3-4 years. when I ran Blogtrack.com almost 6 years ago, we were trying to create the aggregator. AideRSS is now reinventing how we use RSS feeds.

    picture-1.pngTo help cut down on the noise coming in through your aggregator, the AideRSS guys have come up with what they are calling PostRank.

    Postrank is a combination of how many links, mentions and conversations there are about a particular post. If you look at the screengrab you can see that AideRSS gets information about each post from places like Bloglines, Technorati, the blog itself (number of comments), and del.icio.us amongst others.

    “PostRank? is a scoring system that we have developed to rank each article on relevance and reaction. It is a core part of the AideRSS engine that works to ensure that this digital assistant is helping you to tame the RSS beast and keep your news stream manageable.” – FAQ

    The issue of currency vs. relevancy
    The biggest tradeoff in moving from a normal all-you-can-eat feedreader to something like AideRSS that filters posts based on their popularity is that you are now relying on other people to participate to help you filter your posts. That is ok, and it works, but it also means that you aren’t going to be on to the latest meme right away. My solution is to put many of the less frequently updated and less interesting blogs in AideRSS while keeping a lot of my daily favorites in my regular RSS reader. Because you can import your AideRSS feeds into your aggregator, this is really easy. Cut down on the noisy junk and still get all your Valleywag and Scobleizer up to the second.

    Will it Grow?(tm)
    It’s easy to misunderstand RSS plays. Very few people really understand the RSS market, or the vision for how RSS will grow in the future. Even those who “get” and use RSS day to day have very little understanding of the business opportunity. I was not alone in wondering about Union Square’s investment in Feedburner until I started using Feedburner. Feedburner saw a real pain for publishers (understanding the use and reach of their RSS feed) and they delivered solutions for it incredibly well. AideRSS is doing the same, but they are bringing the same sort of value to both the publisher and the reader. We have added the AideRSS sidebar to Startupnorth, you can see it in the right-hand column.

    Overnight hits such as mybloglog have shows that if you provide a few tools that are just interesting enough to both publishers and readers, then you can really hit a home-run.

    One of my favorite things about using AideRSS so far is how snappy it is. My only complaint is that it creates some uncertainty about how often the feeds are being updated. I’d like to know the last time each feed was updated somehow, and have the ability to manually request that it be updated.

    The core AideRSS services will always be free, with optional premium services available later on at a cost. I could see a service such as a customized newsletter for busy individuals (ie: “send me the top PostRank posts about the Real Estate industry once a day”). AideRSS will be the authority on what the most relevant content in the blogosphere is, and there will be many ways to capitalize on that.

    AideRSS is a Waterloo, Ontario company, and they have taken a small amount of funding so far, but they are on the lookout for investors who understand their space, and what they want to accomplish.

    For me, it’s an obvious one. Without trying to sound like too much of a cheerleader, I love AideRSS and I want them to succeed only so that I can keep using their service.

    If you want an invitation to their beta, I suggest you ask in the comments below, I am sure they will let as many in as possible, and perhaps Rob can relax a bit now, help is on the way it seems.

    Update: AideRSS has launched for public consumption, and Read/Write Web has a great rundown as well.

    Contact Ilya Grigorik

  • NowPublic gets kudos from Time.com

    NowPublic, the website concept we all thought about in 1999 but didn’t do anything about, has been named one of the Top 50 websites by Time.com

    The Vancouver, BC company has almost 100,000 different contributors and can often be found at the top of a google search about recent events.

    The list is actually a lot better than the contrived Time.com editorial-list you’d normally expect from summer intern-journalism. Etsy, Prosper and others are all good company.

  • 10 Small Canadian Tech Companies to Watch

    For the low low price of $3,500 you can read about 10 up and coming Canadian tech companies.

    “This IDC study profiles 10 relatively small, emerging software companies that IDC believes are worthy of highlighting to the broader industry and have the potential to make an impact in the ICT market. The analysis in this study provides valuable input to ICT vendors, large and small, to identify success factors employed by top emerging Canadian software vendors.”

    Among those companies that are profiled is Idee Inc., which is run by Leila, one of Toronto’s most beloved entrepreneurs.

    The other companies featured in the report are Apparent Networks, Casero (white-label social networks for marketing), Coveo (Enterprise Search), Halogen (HR Software), Loki, M-Tech (Identity Management), Objectworld (PBX Hosting), Osellus, and Privasoft.

    Who on earth would spend $3,500 on 10 profiles, I have no idea. Especially with all our wonderful profiles here on Startupnorth!

  • JobLoft post Dragon's Den

    JobLoft2All this talk of Dragon’s Den got me thinking about Job Loft, a map based job website for the retail, food service, and hospitality industries.

    For those of you who don’t know… Job Loft made a great pitch on Dragon’s Den, was offered $200,000 for 50% of the company, and had a bad first date with the Dragons, who by the end of the meeting tore up the $200,000 check. The clips are embedded for your viewing pleasure after the jump.

    All’s well that ends well… and despite the Dragon’s Den debacle, Job Loft is doing great.

    After one year in business they have already sold over 12,000 job postings – targeting industries with 67% turnover was a good idea. Job Loft is expanding across Canada – localizing the site into French to conquer Quebec. And a new hosted / embeddable job site has been added to the product mix. What about funding you ask? Well after the check was torn up on national tv, a number of investors came knocking – with a much higher valuation.

    An exception to the Dragon’s Den Curse? Maybe. I would attribute it to their positive attitude. From their blog: “So what did we do the day after that boardroom meeting? Business as usual.” And sure, Job Loft is in a monstrously competitive industry, but a laser focus on being “the #1 destination in Canada for online recruitment within retail, food services, and hospitality” has served them (and their customers) well. My guess is that the dragons are kicking themselves for not investing in Job Loft.

    Contact: Chris Nguyen, Director of Business Development

    (more…)

  • Freshbooks opens up

    Freshbooks announced today that they are releasing a mature API. From what I understand, this is a direct result of their hiring of Ben Vinegar some time ago.

    Why does this matter?
    Freshbooks is demonstrating a very mature approach to growing their available market by opening an API as mature as they have. Typical approaches, often forced under the gun of results-hungry investors (ok, that’s a broad assumption), is to ramp up marketing and to put time, money and energy in to branding in order to develop a wider appeal.

    Offering an API says 2 things:
    We trust our users
    Some of the best application builders for APIs are the users themselves. Allowing users, application developers and others to build applications that use your platform might seem bold to some, but for a healthy company with as many users as Freshbooks boasts, it is a critical first step towards longer term relevance and sustainability.

    How does it do this? Too many startups spend their time trying to either see, create or define the future. This is fine early on, but it is almost impossible in the long run (believe me, I know!). By taking a validated and accepted product like Freshbooks and opening it up to whatever the future is going to be, you are mixing solid current economics with the opportunity for risk-less future innovation.

    We can’t partner with everyone, so we will partner with everyone
    When your startup is successful and stable, partnering offers are a dime a dozen. Most end up in a graveyard of blog posts and press releases but amount to very little. By having a solid API, Freshbooks can tell potential partners to “come back and show us what you can do” and they can also attach their own app to other partner-ready platforms such as Salesforce.

    Now the test. Will people build the apps that will make Freshbooks the center of the online invoicing world? We’ll be watching.

    More analysis here by one of my co-writers on FastForward.