StartupNorth

Category: Events

  • b5media + Technorati merger talks over?

    This morning a slide from a PowerPoint deck outlining a potential merger between JLA-backed blog network b5media and blog search engine Technorati was leaked.

    Techcrunch says that the deal has been called off. Toronto based b5media has been looking to raise a significant series B and seems to been exploring doing the deal as part of a merger, hence the Technorati talks. We have an email out to Blog King Jeremy Wright, CEO of b5, to find out more.

    Till then feel free to play armchair quarterback in the comments.

  • Founders and Funders Montreal – May 14th 2008

    The second Founders and Funders Dinner has been announced for Montreal. Tickets are $100

    This dinner, like the last one and the Toronto event is still by invitation only, but some changes have been made to make sure that everyone has a chance to participate.

    To help expand the community of people we can be invited, we are opening up a registration system for invites allowing anyone who is a founder, angel investor or VC investor to register for an invitation.

    We are limited to 100 seats for the dinner. The fee for the dinner will be $100 which will include drinks and dinner. This is a private networking event and we select the audience to ensure a quality group of attendees have a chance to network together.

    Given the interest we received after the first event and the fact that we won?t be able to invite everyone who has expressed interest to the dinner. As a result we are also going to be hosting an after dinner open cocktail networking (A nice roof top terrace party). The networking event will cost $20 and include two drink tickets.

    Announcements for Toronto and Vancouver dates will be made very soon.

  • StartupCamp Toronto 2 – Last release of tickets

    startupcamplogo_small1.pngWe have put more Entrepreneur and Guru tickets up for grabs for StartupCampToronto 2.

    It is looking like a great night and it is your chance to hear from some new startups and we also have Leila Boujnane lined up to speak.

    The format for StartupCamp is simple: 5 Startups will have 5 minutes each to pitch themselves. The audience will then have twice as much time to grill them on everything from their marketing plan to the product itself.

    The 5 startups will be selected in advance.

    If you want to get feedback on your business plan, then fill out the form available here by Sunday, April 13th.

    The event will be held on Tuesday April 29th at The Carlu in Toronto. We are putting on this StartupCamp during CIX, which is a new conference with a focus on connecting VC ready startups and VCs.

    Because of the limited venue size and the nature of the event, these tickets are ONLY available to individuals with a startup of their own or “gurus” who are able to contribute from expertise in some domain. See the ticket descriptions for details. Tickets may be revoked when we look over the list. Sorry, but we have to do this.

    Our Sponsors

  • DemocampGuelph 5 – 4 New Companies!

    Jonas and I went to Guelph yesterday for DemoCamp Guelph 5. When we arrived in Guelph we stopped by the Well.ca offices and picked up some Roti (try the Doubles, delicious!).

    We had a great time and the venue was cozy. We didn’t find out the beer was free until the end though!

    The demoing companies were:

    Doctopus
    Doctopus is a hosted content management solution. So far they have built a nice looking platform that can manage and deploy a large number of sites. The CMS market is big, but also saturated to say the least. I think they will need to focus on a more defined target market/vertical. That said, it really did look nice.

    Liveoffcamp.us
    LiveOffCamp.us is a site that connects students with off campus housing. Right now the interface is a little disconnected. You enter a query and it emails you the results. The crowd thought that they should provide the results right on the site, and I agree, but getting an email should be kept as a second option.

    MyVine
    Myvine.ca was the best looking site of the night. Their tagline “Simple referral management” is confusing. They don’t manage your referral system, they help you manage a list of recommendations for your business. MyVine is sort of a GigPark turned on its head, where instead of putting all of the control in the hands of the users, the merchant gets to control what recommendations get posted and which ones don’t.

    FOSSFactory
    FossFactory is a site that helps manage bounties that are put on features in Open Source Software. For example: If you use a piece of open source software and you want to have a feature added to it, then you can put a value on it, deposit the money, and then developers can claim the money if they develop the feature. Other people who also want to see the feature developed can add to the bounty.

  • Presenting companies announced for CIX 2008

    If you are going to have a beauty contest (or not), the contestants may as well be good looking, and CIX seems to have delivered. I have to admit that I didn’t even think the list would turn out this well. There is a cross section of everything from startups to companies looking for follow-on rounds.

    There has been some debate recently about the value of events like CIX, and I have to admit, I have not been easy on similar events in the past, but I have to say that I think it is time to move on. If you think CIX is all about a bunch of companies getting up and presenting, then you are wrong. I think of CIX more like a DEMO or Techcrunch 50 for the Canadian community, and that is something we need.

    More than that, a lot has changed in the Canadian Startup community in the last year, and this is a chance to start putting more names to faces, and for more shy startups to start coming out of the shadows. It is also a chance for the Venture Capital community to pull back the curtains and start connecting more closely with the community.

    We are using the CIX space to put on a second StartupCamp. So if you didn’t get a chance to get your name out there at CIX itself, make sure you put your name in the hat for StartupCamp.

    The list of presenting companies was released today, you saw it here first!:

  • DemoCampGuelph Tonight – April 9th 2008

    Jonas and I are heading to DemoCampGuelph tomorrow. The lineup looks great, it includes: Liveoffcamp.us!, doctopus, myvine and fossfactory.

    While this isn’t a startupcamp, Jonas and I will be doing a rapidfire pitch of our own: (Less Stupid) Startups, including some secrets on how to get covered on blogs a little more easily.

    So if you are in the area, or just want to find out what is happening in Guelph (lots of cool stuff!), then sign up and I am looking forward to seeing you there. Be sure to say Hi!

  • iNovia launches a new fund – Seed and early stage venture capital

    iNovia is announcing their new fund today. The new fund, which comes in at $107million is focused on Seed and Early Stage deals in the information technology, life sciences and cleantech sectors.

    iNovia, who most recently participated in the funding of StandOutJobs, has been engaging the startup community pretty directly lately and are usually visible at events like StartupCamp, blitzweekend and others. iNovia promotes itself as “Entrepreneurial Capital”. By they mean that they come from diverse and relevant backgrounds. Instead of being full of ex-banker, iNovia tends more towards entrepreneurs and people with experience working with startups.

    With its recent additions, the iNovia Capital management team now comprises a diverse group of professionals, all of whom have operational or financial backgrounds, coupled with strong technical and business expertise. iNovia has also established a network of Venture Partners and Entrepreneurs in Residence, who provide industry insight and expertise, along with access to a large network of collaborators.

    “Entrepreneurial Capital” can mean something else as well, and I think iNovia just might deliver. My definition of “Entrepreneurial Capital” is an Angel or VC who is just as hungry and hustles just as much as any startup. From coast to coast we hear complaints about poor dealflow for VCs and that this hurts their business. This may be true to an extent, but it is about to get a lot worse for those VCs who don’t show that same Entrepreneurial Spirit. Firms like iNovia, Montreal Startup, EVP and others are all going to be scooping up more and more of the best deals at very early stages simply because they will be engaged closely with the very communities that are giving birth to these startups.

    Technology Venture Capital is a startup business in Canada. It is young, the players are largely inexperienced and the market is small but emerging. This is a good thing. If you are a VC with money to spend, you can still win. There is a massive community forming that is almost exclusively to your benefit and that community is working harder than ever before now.

    We will be watching iNovia closely to see if they live up to all my hype.

  • StartupCamp Montreal 2 – May 15th, 2008

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    StartupCamp Montreal 2 has been announced. It is taking place May 15th and will be at the SAT again. I am a little sad that I will have to miss it because of another conference, but that doesn’t mean you can’t have fun!

    Make sure you sign up, and if you are a startup, you should consider presenting. StartupCamps are one of the few places you can get no-holds-barred feedback on your business plan. If you are interested in presenting, add yourself to the wiki.

    Date : May 15th, 2008
    Time : 6pm to 10pm EST
    Location : SAT – Société des arts technologiques

    They are really stepping it up for this event as well and will provide a bunch of help and support for the startups that are chosen to present.

    1) The top five startups selected to present at the event will have the opportunity to participate in a one-day pre-event workshop session. The goal being to have ?pitch? experts help the companies prepare ahead of the event. The workshop will be hosted by Austin Hill, John Stokes, Vincent Guyaux, and 2 other VC / marketing experts.

    2) Presenting companies will have 8 minutes to present, with 10 minutes of follow-up questions from the event Gurus and the audience.

    3) We will have ambassadors on hand prior to the event and during the event to help with match making and networking.

  • Rick Segal announces tour dates [lessons for VCs]

    Rick Segal is going on tour. The idea? Get the message out there about what he, and other VCs, are looking for when they evaluate new opportunities, and help entrepreneurs get a better understanding of what VCs try to do. He will also be providing some useful tools, like sample term sheets.

    This comes as there has been more publicity about the performance of private Venture Capital funds in Canada, and a significant amount of discussion about whether or not it is a good idea to start a company in Canada.

    There is definitely a perception out there of VCs in ivory towers who expect everything to come to them. This is in stark contrast to the attitude that most entrepreneurs encounter when in the valley or elsewhere with a strong VC ecosystem. You get used to seeing VCs out at practically every community event, listening closely and watching as entrepreneurs grow. Those traits are rare here. As someone said to me recently “In any other business, if you complained you had no customers, everyone would tell you you are an idiot. We need to get out there an hustle, we need to find those customers.”

    What Rick is doing is an example of how you can get out of your tower and start mingling with the plebs. The fact is, Canadian VCs aren’t poaching all sorts of great deals from other places, instead they rely on Canada to produce investible startups, and the best way to recognize that is to get involved and to take a long-term view. Venture Capital is only one piece of a big picture, but it is critical that VCs begin to mature along with our Angels and Entrepreneurs.

    There has been a significant amount of anti-VC sentiment in the Canadian startup community and it is probably more related to a feeling of VCs being an unknown than anything else.

    Here are the dates that are set up so far, starting on the east coast

    • April 14th Morning – Halifax NS
    • April 14th Evening – Moncton NB
    • April 15th Evening – St John’s NF

    If you want to register, email rick at jlaventures dot com with “VC Roundtable” in the subject.

  • CIX – Canadian Venture Capital Meetup

    cix.pngBack in June, StartupNorth was one of the first places to break the story of the death of the Toronto Venture Group. Every year the TVG had an event called the “Venture Forum”, which died when the TVG was shut down.

    It didn’t take long for the gap to get filled in however, and soon enough the CIX was announced. The premise is largely the same: Companies are pre-selected to pitch a room full of VCs who will presumably think about funding some of them. You need to apply to present, and then your company will be vetted by a selection committee. The cost to attend and present (if you are chosen) is about $1,000 in total, or $495 if you are just attending.

    Is CIX worth attending?

    This conversation got kicked off today on David Crow’s blog after David posted about CIX, Ali Asaria, the guy behind Well.ca, suggested that $500-$1,000 was actually a lot of money for a startup, no matter what stage they are at.

    It is true, $1,000 is a lot of cash, but the truth is: it isn’t too much. The question here isn’t about money, it is about value. Will you get anything out of 2 days in a conference full of other people who are trying to make this ship sail in Canada? I think you will. The thing is: It is completely up to you. You can find the agenda for the two days here.

    To make the best of this event you need to come at it with the right frame of mind: Make as many connections as possible, tell as many people as possible about your startup as you can, and finally, get as much advice as possible.

    In the run up to CIX we will have a few posts about kicking butt at CIX, for both the VCs and the Entrepreneurs.

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    StartupCamp

    There is also StartupCamp, which we are putting on for free during CIX. We decided to do this because it will give a chance for the startups presenting at StartupCamp to get exposure to a crowd that doesn’t always come out to these events.

    Where companies that present at CIX will be somewhat established and will have already figured out their pitch, StartupCamp is for companies who are still trying to work out the details of their business plan.

    You can fill out this form to apply to pitch at StartupCamp. We’d love to have some unknown but awesome startups to show off!

    You can register for CIX here.