Category: Toronto

  • CrowdReel Launches

    CrowdReel launched in Toronto. CrowdReel is a web service that combs through Twitter’s real-time feed for photo data and URIs including Twitpic, Yfrog and Tweetphoto  to build a real-time feed and trending of photo-only data. There are real-time news and trending services like Thoora, OneRiot, PostRank, and others. CrowdReel is built by Toronto Rails shop Nulayer Inc.  

    Introducing a new way to experience Twitter pics: Facebook meets Twitpic with Crowdreel

    Crowdreel delivers real-­time access to images posted on Twitter and lets you search, share and add context to pictures in your existing Twitter network

    Toronto – Crowdreel offers an unprecedented glimpse into the Twitterverse, allowing users to browse tweeted images in real-­?time and immediately see pictures posted by the people they follow.

    Nearly half a million images are uploaded through Twitter everyday. The problem is this content is lost in a sea of hard-­to-­navigate links. Crowdreel makes it easy to find exactly what you are looking for and uncovers content you might have missed out on in your feed.

    This new service offers the ability to browse trending topics, popular retweets and content your followers are sharing – all without missing a tweet. The result is an enhanced, Facebook-­?like experience, putting what users want to see first.

  • StickerYou launches

    Laptop Stickers

    Toronto based StickerYou launched today. They are a provider of customized stickers. The interesting part is the ability to create customized stickers that are not limited to traditional diecuts of square or round. There are other providers that offer similar services but not in a self-service capacity and at a much higher fee than the StickerYou offering.

    StickerYou (www.stickeryou.com), is excited to announce the public launch today of an innovative and flexible online service for designing and creating high-quality stickers. StickerYou’s platform offers the ultimate in customization, letting users create their own 8.5” x 10.5” sheets of removable, vinyl stickers, combining uploaded personal images and art from StickerYou’s library of thousands of images.

    The first-of-its-kind technology used for StickerYou’s die-cut Sticker Maker means stickers are cut along the outline of the image, and are not limited to a standard square, circle or a particular size. StickerYou believes its breakthrough technology will disrupt the $1 billion sticker industry.

    StickerYou launches with several brand partnerships, including PEANUTS®, Mr. Men and Little Miss™ and Star Trek, with the LEGO® brand, Showtime’s Dexter and additional brands to follow. By partnering with StickerYou, these brands can extend their uniquely shaped iconic images to audiences both online and offline. StickerYou will continue to partner with more brands and artists in the coming months, to expand the library of art available to StickerYou customers.

    Through its unique Sticker Maker widget, StickerYou is also giving brand and affiliate partners the opportunity to embed the StickerYou Sticker Maker on their own Web sites.

    “We are excited to be partnering with StickerYou to provide fans with the power to create online customized die-cut stickers of their favorite PEANUTS characters with ease,” said Helen Bransfield, Executive Director at United Media, the licensing and syndication company for PEANUTS.

    Andrew Witkin, StickerYou’s president and chief executive said, “StickerYou saw a huge opportunity to revolutionize people’s ability to create personalized stickers. We give consumers the right to pick the size, shape and images that they want. The end result is the perfect sticker.”

    “StickerYou is addressing a market that features an insatiable desire for stickers—from decorating laptops to styling skateboards; from creating bumper stickers to personalizing scrapbooks; or just stickering your logo,” Witkin said. “For consumers, marketers, artists, brands and teams, StickerYou’s ability to create and order as little as one to a few hundred customized stickers is a powerful proposition.”

  • 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.

  • Mantella Venture Partners Launches

    Mantella VP & Basecamp Labs

    Mantella Venture Partners launched today. It’s a $20MM early stage technology fund based in Toronto.

    “Unlike most venture funds that are supported by institutional investors, this one is backed by Mantella Corporation, a family owned commercial and residential real estate developer who has been entrenched in the GTA market since 1946. The fund is also focused on the concept of ‘hands-on capital’, ensuring that early-stage entrepreneurs get the hands-on support they need at every stage of a company’s creation and growth to help facilitate”

    The main investment partners are Robin Axon and Duncan Hill. Robin is ex-Ventures West and Ducan was an EiR at Ventures West and previously had founded Think Dynamics (acquired by IBM back in 2003). They also run Basecamp Partners/Labs where they have been incubating PushLife, Chango and a couple of other startups.

    It’s interesting to see an emerging breed of Canadian incubators and small funds like Mantella VP, Extreme VP/Xtreme Labs, Bootup Labs, Flow Ventures, Montreal Startup, Wesley Clover, LeadtoWin, and others. All of these have very different models and motivations. But they exhibit the need many startups have in both getting to Product/Market Fit and then the business development and go-to-market efforts. Both of these efforts require capital, and it’s great to see VCs that traditionally don’t get their hands dirty with operational details down in the weeds.

    Full press release below.

    TORONTO—March 2, 2010—Mantella Venture Partners announced today the formation and launch of a $20M investment fund to support early stage technology ventures in Ontario. Mantella Venture Partners is a collaboration between Basecamp Labs, a private early stage technology accelerator, and Mantella Corporation, an established family-owned commercial and residential real estate developer in the Greater Toronto Area.

    Mantella Venture Partners will invest in entrepreneurs who are building early stage mobile and Internet software companies, helping them to get their ideas from conception to market. Through the Basecamp Labs accelerator, Mantella Venture Partners will provide hands-on support at every stage of a company’s creation and growth – from business development and marketing to financing and team development – to help facilitate early market traction.

    Mantella Venture Partners is managed by Robin Axon and Duncan Hill, the founding partners of Basecamp Labs, experienced venture investors and company creators who have been involved in multiple successful venture exits to companies like IBM, Intel, Microsoft and Siemens.

    “For the past few years, we’ve seen a steady decline in Canadian venture capital deal flow, the number of VC-backed firms, and the average investment size,” says Axon.  “In fact, according to a recent CVCA report on the industry, investment levels in 2009 were the lowest they’ve been in 13 years.”

    “But innovation is still thriving,” says Hill. “With the venture market in such a state of flux, the timing could not be better for the launch of a new fund that is focused on both early-stage investing and providing the hands-on support entrepreneurs need to ensure market success.”

    The existing Basecamp Labs portfolio includes two companies: Chango, an ad buying platform for direct response advertisers; and Pushlife, a mobile entertainment platform for mobile operators.

    “The value of combining capital with guidance and support from a team with extensive experience building companies, can be seen in the progress of our first portfolio companies,” says Robert Mantella, president and CEO of Mantella Corporation. “Robin and Duncan are experienced investors and entrepreneurs who are passionate about technology and know what it takes for a start-up to succeed. Together we can breathe new life into a changing venture industry.”

    Duncan Hill was the Founder and Chief Technology Officer of Think Dynamics, a developer of data centre automation software that was acquired by IBM in May 2003. He spent two years at IBM driving strategy for early enterprise cloud computing. Most recently, Hill served as Entrepreneur in Residence at Ventures West; was an independent director for RapidMind (acq. by Intel August ’09); and was executive advisor to Opalis (acq. by Microsoft December ’09). He currently serves on the Chango board of directors and on executive advisory boards at Pushlife, ServiceMesh, Cirba, Embotics, and the Velocity program at the University of Waterloo.

    Prior to founding Basecamp Labs with Duncan Hill, Robin Axon was a partner at Ventures West on the IT and communications team. Before that, Axon was at MD Robotics (formerly Spar Aerospace) and the Canadian Space Agency, where he helped to prepare the Canadarm2 for installation onto the International Space Station. Axon has served on the boards of a number of technology companies including: QuickPlay Media, RapidMind (acq. by Intel August ’09), AudienceView, Fortiva (acq. by Proofpoint ‘08), Chantry Networks (acq. by Seimens ‘03), Belair Networks and Instrumar.

    About Mantella Venture Partners
    Mantella Venture Partners is a $20M early stage investment fund with a hands-on approach to building technology companies in high growth markets.  The fund invests in founders focused on creating market-altering mobile and Internet software businesses, and surrounds them with an ecosystem of passionate, experienced operators that drive early market engagement into sustainable business success. Mantella Venture Partners will invest up to $500k at inception with the ability to support subsequent rounds as required. It is managed by Robin Axon and Duncan Hill, experienced venture investors and company creators who’ve been involved in multiple successful venture exits to companies like IBM, Intel, Microsoft and Siemens. Additional information is available at http://mantellavp.com/.

  • Q&A with RedFlagDeals

    I had the opportunity to ask Derek and Ryan of Clear Sky Media a few questions about the YPG acquisition.

    When did YPG approach you to buy RedFlagDeals.com/Clear Sky Media?

    Derek: We had spoken with YPG over the years about syndicating/sharing data, but things really started to gain momentum in the fall.  Clear Sky Media had traditionally been very focused on national and online offers, but we all recognized the opportunity with local deals and coupons and helping consumers make better buying decisions more broadly. Things moved very swiftly from there and we completed the deal in early February.  YPG is serious about expanding their online presence and they have a scale that will allow us to broaden our reach nationally and at the same time tackle the local space that would have been impossible for us otherwise.

    What is the plan for RedFlagDeals.com and other properties in the YPG portfolio?

    Ryan: As Derek mentioned, the deal makes a lot of sense for both parties.  Local is an area we had always been interested in, but as successful as we had been, we were nowhere near the scale to properly address it.  YPG has over 1000 sales people and direct relationships with about 385,000 businesses in Canada.  Now that we have the scale and the resources, we’re staying on to see how big we can make this.

    It was only four and a half years ago that it was just Derek and I working in a 200sqft office above an Internet café.  It’s very exciting.

    Derek: Beyond local, we’re also looking at what we can do in the shopping search space with PriceCanada.com and we’ll continue to invest heavily and accelerate the growth of RedFlagDeals.com and Scarlett Lounge – more to come!

    What are you going to do next?

    Derek: In the short term there’s a lot of work to do.  We’re keeping our downtown Toronto office and our entire team, but we’ll be expanding rapidly.  Longer term, I think we have an opportunity here to create something that is much greater than the sum of its parts.  No one has really figured out local search and shopping yet.  It’s a challenge, but it’s one that we’re now in a place to take on directly.

    What is one thing would you tell other startups about the acquisition process?

    Derek: Even though this was, in many ways, a very streamlined acquisition, it was very time consuming and sometimes very frustrating.  There is a lot of back and forth on seemingly minor items, but it’s a necessary part of the process. Having lawyers and accountants that you trust who have worked through it before is huge.

    What is one thing you would do differently?

    Derek: Because of the timeline we were working on, it might not have been possible in our specific case, but before the Letter Of Intent was signed, I would have had a more detailed discussion about what exactly the due diligence required and what we would need to do to close.  In our case, we had a short period for all of this and in hindsight, I would have given ourselves more time.

    Ryan: The timeline also meant that the initial transition has been a bit bumpy.  If we had had more time, I would have liked to have had our accounting, HR, and PR processes in line.  All things considered, it’s gone well, but we could have saved ourselves time and headaches with a better fleshed out transition plan.

    Final thoughts?

    Ryan: We’re really proud to have been involved in the Canadian startup scene over the past 5 years.  It’s not always easy being a Canadian startup; really, it’s a pain in the ass a lot of the time, but you can be successful in Canada.  In the areas where Canada is behind the US, there are opportunities.  Plus, you have one of the most supportive communities I’ve seen anywhere rooting for you.  It’s been awesome.  Thanks everyone!

  • RedFlagDeals acquired

    RedFlagDeals.com acquired by YPG

    Congratulations to everyone at ClearSky Media & RedFlagDeals!

    The team at RedFlagDeals announced this morning that they have been acquired by the Yellow Pages Group.

    Just as our community has blossomed, so has Canadian ecommerce. It’s my belief that Canadian retailers are ready to take the next step that bridges online shopping and in-store shopping. We want to be involved in that evolution, but it requires us to take a step forward as well. That’s why I’m happy to announce that RedFlagDeals.com has found a partner that understands what we do, what we want to achieve, and can help us do that. RedFlagDeals.com has been purchased by a company that has been working to connect retailers and consumers for over one hundred years: Yellow Pages Group.

    Like us, Yellow Pages Group is focused on helping Canadians make smarter buying decisions every day. YPG has relationships with over 385,000 businesses in Canada. With their reach and resources we’ll be able to share coupons and deals on a scale that would have been impossible in any other situation. Rather than watching ecommerce develop from the sidelines, we will now be able to actively help it evolve while passing on the values that RedFlagDeals.com has always had: respecting consumers and helping them save money while doing it!

    Derek, Ryan, Kaitlyn and the entire team have been participants and strong supporters of the community in Toronto. They have been participating since the very beginning (yes, Derek & Ryan were attendees at the first DemoCamp). They have built a true online media business in Canada, driving traffic, advertising and engagement among their users. comScore has listed them #4 in reach in 2009 for Canadian startups. They are the real deal.

    My prediction is that 2010 is the year of acquisitions in Canada. We’ll start to see a larger number startups across Canada getting acquired by both Canadian and US companies. I hope 2010 will bring more stories like RedFlagDeals.

  • New Coworking Space in Toronto – Camaraderie

    Coworking in Toronto

    Rachel and Wayne have done it. Out of the ashes of the Indoor Playground, they have found a space and announced that they are opening Camaraderie. This is fantastic news for Toronto startups, freelancers, independents and others that need shared office space in the downtown core. It’s located at  102 Adelaide St E, 2nd Floor [Maps: Bing, Google]. The space has a free preview from February 15-28, 2010. And then memberships details are as follows:

    • memberships will be $300/mo for unlimited use during business hours
    • we’ll work out keys later, but for now the space will be open 9:00am-6:00pm (or later)
    • free wifi, coffee, tea, and hot chocolate every day

    Pictures

    The Building - 102 Adelaide St E, Toronto, ONBoard RoomKitchen AreaOpen Workspace

    Full details about the space and the neighbourhood.

    Congratulations Rachel and Wayne. We’re looking forward to Toronto rejoining the likes of Montreal and Vancouver with a real coworking space again.

  • Founders & Funders – Feb 15, 2010

    founders and funders Logo It’s time to for another Founders & Funders event in Toronto. I can’t believe it’s been 18 months since the last event in June 2008. The next event is scheduled for Februrary 15, 2010 in downtown Toronto. We’re looknig for a few good startups and a few good investors. We’ll be sending out invitations early in the new year, but we want to start with an open call for participation.

    What is Founders & Funders?

    Founders & Funders is an invitation only social event for people that start high potential growth companies and the people that fund them. This means entrepreneurs. This means angel investors. This means venture capitalists. This means government funders. It is a curated dinner party. The idea is to get stuck at a table with others interested in emerging technology, growth companies. Have meaningful conversations beyond the usual conference hallway chatter or pitch sessions. The goal is to create stronger, more relevant connections between individuals in this community.

    Who should attend?

    Founders of high potential growth companies. This means companies that are at varying stages of corporate development, ranging from the very new to the more established. Digital media. Internet. Software applications. Enterprise applications. Infrastructure. Data centre automation. Mobile. Clean tech. Yes, you should consider attending. However, you should be looking to raise capital in near future.

    Funders of high potential growth companies. Venture capitalists in Ontario, Quebec, New York, Boston, California, and around the globe. There are attendees that are actively seeking capital, with outstanding track records and attractive valuations. Angel investors, definitely. You’re the backbone of Canadian deal. We’re reaching out separately to National Angel Capital Organization and to Maple Leaf Angels to invite investors (by active I mean that you’ve written an investment cheque in the past 18 months).

    How can I participate?

    We’re asking everyone interested in participating complete an application. The goal is to gather enough details that we can share with others, i.e., founders details will be compiled and shared with investors, investor details will be shared with founders. (Yes, I know that form doesn’t specify this use of the data, each invited attendee will be asked this question and given the opportunity to revise their details. If we don’t invite you, the information will be purged after the event).

  • Microsoft acquires Opalis

    OpalisLogo Microsoft has acquired Mississauga-based Opalis. Details are available on the System Center blog and on TechNet. Rick Segal provides a summary of the investor involved, Peter Carrescia at VenGrowth. VenGrowth had invested $3.6M in March 2004 and had participated in an $8.5M round in November 2005 with Sierra Ventures & BDC. It’s a story for Canadian venture capital and a great story for entrepreneurs.

    It also demonstrates some of the main reasons companies like Microsoft make acquisitions: shared customers. There is nothing greater than shared customers to drive a potential acquisition. When a product offering fills a gap in a companies product line and there are shared customers, it becomes a much stronger conversation about acquisition.

    “Opalis has over 300 satisfied customers today, including many of the largest IT Managed Service Providers, demanding customers who deliver IT as a business and expect solutions that deliver results for their customers…Combined with Opalis, System Center will be able to interoperate with all of those legacy tools so customers can take a ‘land and migrate’ approach with Microsoft versus a ‘rip and replace’ approach as they build out their next generation virtualized data centers” – Todd DeLaughter

    Here’s hoping that the Opalis team will stay in Mississauga, however, Microsoft tends to like to have the talent in Redmond. Congratulations Opalis, VenGrowth and BDC on a win.

  • C'mon Meat, throw me that weak-ass shit!

    Crash Davis: Relax, all right? Don’t try to strike everybody out. Strikeouts are boring! Besides that, they’re fascist. Throw some ground balls – it’s more democratic.
    Ebby Calvin LaLoosh: [to himself] What’s this guy know about pitching? If he’s so good how come he’s been in the minors for the last ten years?

    I guess this makes me Crash Davis, ten years in the minors, makes me wonder when my Waterworld is coming (so please make sure you take any feedback with the appropriate sense of pending doom).

    “Open challenge to local startups to “pitch” for a meeting in a 140 characters or less in the comments (more realistically less than 420 characters – basically 3 tweets).”

    In response to my Pitching Fastballs post on StartupNorth (reblogged), Trevor and Karim from Big Time Design have answered my open challenge, along with a bunch of others in the comments. Along with Scott Annan and Tim Harris.

    Big Time Radar

    radar

    big time Radar is: Discreet, targeted messaging; customers ask for it & you deliver via Live Messenger, Twitter, SMS, email & Facebook from one interface.

    Big time’s management team consists of three guys from marketing, design and development backgrounds.  Radar’s market opportunity is massive for anyone in the marketplace looking to use social media to sell, communicate and connect with their customers.  Initially, we plan to focus on four verticals: retail, events, media and real estate.  Our pricing model is segmented by number of users and selected features. We are currently in the beta phase (with very positive initial results) and are bootstrapping rather than looking for funding as our overhead cost is negligible. 

    Commentary/Feedback

    This is a great approach to layered information. The piece that is missing for me is the separation between Big Time Design and Big Time Radar. I’m assuming Radar is a product offering of Big Time Design. That coupled with I’m curious at the benefit of the solution, i.e., it sounds like a multi-channel replacement for MailChip or Constant Contact, i.e., email marketing that uses social media for notification beyond just email. A little more clarity about how it fits with respect to these other offerings might be helpful.

    Network Hippo

    network_hippo

    Network Hippo is a smart address book for startups and professionals. It combines and scrubs contact information from dozens of sources, finds more info about them on the web and social networks, plugins into your email, and alerts you when – and who – you should contact. It’s a smarter, personal, social CRM. We’ll replace Highrise completely & Salesforce’s smallest customers.

    Commentary/Feedback

    I also like the one provided on Network Hippo’s home page , “Network Hippo is a powerful and unique network relationship application that puts your professional network to work. We help professionals and small businesses build their network, identify their most valuable contacts, remind them when somebody needs a call, and track deals for their business.” It’s very clear who the product is for, what the product does, and who are the competitors. I would like a little more detail on the differentiator, i.e., what makes Network Hippo special?

    Star Return

    Star-Return-Logo

    Star Return links out door media to rich media content on handheld apps via web services, while providing advertisers with solid analytics to evaluate effectiveness and viral affects of their campaigns.

    Commentary/Feedback

    I’m still not sure how Star Return links outdoor media to rich media content (I’m assuming that this is online content). I still don’t actually know what Star Return does. Jumping on the Interwebs, I find “We are Star Return. We allow you to download information to your mobile device, related to products, places, people and businesses.” and “Star Return puts a new twist on information access. Users – anytime, anywhere can now access information on restaurants, stores, products, sporting events, concerts, bands, real-estate and much much more.” My guess is that it’s bit.ly for billboards?