StartupNorth

  • Founders and Funders Toronto Wrapup

    Founders and Funders Toronto took place this week and we had another sellout. We had just over 100 people who came out to hang out, pitch their startups and find fundable companies.

    A lot of food went cold however, as people could barely stay in their seats. The room was buzzing and so far the reviews have been great.

    Ali Asaria, from Well.ca, sent us a note that I think summed it up:

    “This was the first time we as a company were approached by investors, instead of us having to approach them. The atmosphere was relaxed, but at the same time there were always four simultaneous, deep discussions happening at our table on the subjects of investment, entrepreneurial stories, and industry trends.

    In one single night I was able to talk directly with five different VCs, and we had the time to talk about details of our business, without the “what’s your pitch?” awkwardness. I had the chance to sit next to some of Canada’s most successful entrepreneurs from whom I learned so many lessons. What a great event — it’s the next day now and I return to my desk energized!”

    A big thank you to our sponsors

    • Microsoft Canada
    • Atlas Venture
    • General Catalyst Partners

     

    Founders and Funders Vancouver

    Boris has announced Founders and Funders Vancouver for June 17th. If you would like to attend the dinner, please fill out the following form and let us know who you are.

    As with the Montreal and Toronto dinners, Microsoft was gracious enough to sponsor Vancouver as well. These dinners really would not have been possible without them taking the lead and having a vision to help Canadian early-stage companies.

    June 8, 2008
  • Third Tuesday NB: Venture Capital, Startups and Social Media

    I am heading to Moncton next week to hang out and give a quick talk on the state of Venture Capital in Canada and what that means for Startups. The meetup is on Tuesday, June 17, 2008 at 6:30 PM.

    I am looking forward to meeting as many startups as I can while I am in Moncton, so if you are going to be around, please drop me a line. I will be getting in early in the day on June 17th.

    I will have some new data in hand about what is going on with VC and Angel financing in Canada, where startups fit in to the picture and my argument for why Social Media is the savior of us all.

    See you in Moncton!

    June 8, 2008
  • Weekend Reading – June 7, 2008

    Some record breaking and recordings:

    David Crow celebrates 1 year at MSFT.

    Pema Hegan, cofounder of GigPark, scored a wicked short domain: http://pe.ma.

    In case you weren’t able to get out to StartupCamp Waterloo this week… Will Spaetzel, the founder of CastRoller, was kind enough to record the session “Why Start A Startup?” Listen in.

    Watch BrainPark’s pitch at StartupCamp Toronto 2 on YouTube.

    And a launch:

    Crowd Science, venture funded with offices in Toronto and San Francisco, launched an audience measurement service.

    June 7, 2008
  • Mercury Rising: Watch a Startup reinvent itself

    The guys at MercuryGrove, who last year came out with a product called Web Groups are now reinventing themselves as a multiple product company. In the next few months they will be re-developing Web Groups and introducing a new set of products, including a CRM, an E-Mail Campaign Manager, and finally something called a “Customer Page“, that provides an easier way of working with customers.

    I have had the chance to get to know Scott Annan over the last few years, and he has been one of the guys behind StartupOttawa, so it is cool to see him show some of the inner workings of MercuryGrove.

    There is no doubt that this is partially just a PR stunt, but that is fine with me, because Scott has all the street cred he needs and I know that he does the right thing for the Ottawa community every chance he gets.

    I’ll be watching along, and we will post some updates here. Follow along on the blog.

    June 6, 2008
  • Wanted: Startup Revolutionaries

    We have some really great stuff cooking and we want to get more people involved.

    Our goal with StartupNorth has been pretty simple: We want to write about great startups, help some get funded and also throw the occasional party.

    The truth is however that sitting here in Toronto, we have a tough time covering the great stuff that is happening East to West and North to South. I have written a bit about how much I love Canadian cities and how I think that each one is unique and ready to do great things.

    If you are like us and want to do something great for the startup community in your city, then please get in touch ASAP. I’d love to tell you what we are cooking up.

    June 6, 2008
  • StartupCamp Waterloo 3 Recap

    This is a guest post by Mic Berman, one of the instigators of StartupCamp Waterloo. Thanks Mic!


    We had great turn out and interesting crowd, lots of new startups first time demonstrating in a public forum. The event was sponsored by TechCapital, WatStart, CommuniTech and SunStartup – thanks to those folks for supporting the community.

    We tried something different and hosted a panel at the start made up of Iain Klugman , Larry Borsato, Ali Asaria, Melanie Baker, Sandra MacDonald, and Gary Will. The basic question was “why, why do a startup?” The answers varied from why not to do one to a very philosophical approach by Ali that centred around passion and drive.

    The start ups that got to present (based on audience voting and time available) were:

    Semacode (on StartupIndex) – Simon showed off his technology for the first time. A fully integrated viral marketing based service integrated into FaceBook as a great way to manage events and conduct mobile marketing campaigns. The issues that came up in discussion were privacy (how does the user control information that is captured in their barcode/name tag), which target market they should go after (i.e., advertising/marketing/event type companies or the end user/enterprise running the event). Simon has partnered with SuitedMedia Inc to help them sell the service.

    Navarra run by Avery Pennarun was a somewhat controversial concept for outsourcing development of your founder ideas. The concept being they would charge a flat rate to develop against particular specifications provided by the “business founder”. Avery figures lots of business people/founders with great ideas need a good development shop to develop out their ideas. Issues that came up were: “are you mad?”, “that will never work”, and ” how will you ensure specifications are crystal?”. Maybe they are on to something (as is typically the case when faced with great controversy)?

    Clutterme presented by Mark Molckovsky & Alex Curelea was a totally fun demo of a cool technology that enables you as a user to instantly create a webpage that effectively becomes your “cork board” online. Great job to whomever did their brand and logo, as it so clearly defines what they’re up to. Their key questions of the audience were “what’s your business model?, how will you make money?”, usability issues, and how to get the word out there. They’ve asked for community support on testing their beta about to be released in 2 to 3 weeks. Check them out 🙂

    UbietyLab – Developed by local Waterloo professor, Todd Veldhuizen, demonstrated some very powerful visualization technology that quite frankly the audience was very impressed by with folks throwing out many many applications for its use. Hence the professor’s problem. What market with what offering, considering “I’m really doing this in my spare time and not really as a business person?”

    AdvertisingShowdown.com – I’m sorry guys, I missed this one because I was in conversation at the time (oops). The just is a powerful new online advertising metrics application. You can check out the recording of the presentation on www.spaetzel.com

    Let’sCube (which is currently a Firefox plug-in you can download) is an instant sharing technology for cool sites you want to share with your friends and for which you can receive results as the owner of the site that’s being shared. Differences between StunbleUpon, Digg, Twittr, etc and their service is they aggregate your interests into your own let’s cube page – so it pulls for you and filters by your friends. Does it go both ways? Can you share and pull? That was the biggest issue posed by the audience and yes, it does. Lots of other ideas about how to leverage the Firefox plug in to test additional features.

    IndigoFire presented by Karim Shaehata is solving the problem of website registration and sharing among friends real, business and otherwise. His product is not yet live (powerpoint presentation). Solving the problem of how you create differentiation among your usage across community sites like Facebook, Flickr, etc. for the people you want to share with and the public at large. Good questions and may be interesting technology yet to come 🙂 Kareem’s basic question was what are the potential business models for which the audience offered several alternatives e.g., server side, small user charge, middleware approach, etc. and would you use it?

    The audience participation rocked, thanks everyone who came and asked and offered great questions, suggestions and comments. You can check out a recording of the event on spaetzel.com

    June 4, 2008
  • Mesh Conference – 15 Minutes of Fame

    One of the startup-focused parts of Mesh is the 15 Minutes of Fame they do evey year. Each day of the conference 3 companies are given 5 minutes each to pitch themselves or their product to the audience.

    What I love about it is that it really is completely open to whoever applies, and it is not an opportunity for the conference organizers to just give stage time to whoever will pay. (paying to do something like 15 minutes of fame is far more typical than you might realize)

    The lineup this year was solid, with some new companies and some more established startups.

    15 Minutes of Fame is a great way to get your startup in front of a new crowd in Canada, so think about doing it next year.

    • Carbonetworks, which has developed software that helps companies create effective carbon emissions strategies to reduce costs and capitalize on emerging global markets.
    • GigPark, a place to receive recommendations about a wide variety of services from friends and their friends.
    • AidesRSS, which has created technology to make reading RSS feeds more effective and valuable.
    • Well.ca, an online health and beauty store that ships across Canada.
    • OverlayTV, an interactive media company that provides a video commerce platform that lets Internet users, content owners and e-commerce sites to monetize and customize their video assets.
    • Enomalism, an open source consulting firm that focuses on solving the cost and complexity for enterprises that run large technical server infrastructures.

    June 4, 2008
  • As the Web Turns: Spielo – Co-Founders for Sale?

    Just how bad ass of an entrepreneur are you? Will you kick your friends and co-founders to the curb when the time comes? When the money is about to roll in, will you put the rub on your original startup buddies? Should we all be watching our back now before things get too hot?

    According to Yves Doucet, former Vice President and partner in Spielo, a Moncton-based VLT producer, he was stabbed in the back by his partner, John Manship, when their company we on the brink of going from $5 a share to $100.

    Yves and another colleague are now launching a lawsuit for just over $5million that they say they are owed, and another $10 million is losses. The story has been covered a bit by the CBC and TimesTranscript.

    Spielo was, in 1991, just a small startup based in New Brunswick fighting for 60-machine contracts, run by a couple of guys who were dreaming of the big time. The Big Time came when the company was sold to GTech for $180million. In the end though, something went wrong.

    It is impossible to know what really happened, and the court hasn’t made a ruling yet, but the question for me is: How can something so good go so bad?

    June 2, 2008
  • Reminder: StartupCamp Waterloo tomorrow (June 3rd)

    Just a quick reminder that StartupCamp Waterloo is taking place today, June 3rd 2008, at the Waterloo Accelerator Center at 6pm.

    I just got off the phone with Mic Berman, one of the organizers, and she says that instead of a speaker this time, there is going to be a panel to kick things off. The question for the panel is “Why start a startup?”

    Just over a year ago, I wrote something along the same line: No better time than now. It remains just as relevant today as it was then.

    All the details are here.

    June 2, 2008
  • Weekend Reading – May 31, 2008

    Founders & Funders Toronto is coming! Founders & Funders Toronto is coming!! Now back to your regularly scheduled weekend programming:

    Mark Dowds is showcasing BrainPark on Global TV this morning at 11:30am. If you miss the segment and forget to set your Tivo, not to worry, it will be available after the airing here: www.ceotv.com

    Mark McQueen, of Wellington Financial, prods the BDC for crowding private investors out of venture debt deals.

    Fundfindr is vetting startups for Dragon’s Den.

    A number of Canadian companies including Mployd, StandoutJobs, NowPublic, StumbleUpon, and DabbleDB won SEOMOZ’s annual Web 2.0 Awards.

    Ugly details emerge with regards to the $165M MRI Fund.

    Mike McDerment, of FreshBooks, points out why founder’s should be answering the customer support line.

    Our very own Chris Long and Jevon MacDonald were interviewed for an article about StartupIndex in IT World Canada.

    Check out these fun TinEye searches… I just love Idee contests!

    In case you missed mesh08, RabbleTV has five full sessions online now. Click on the ‘On Demand’ button on the video player to watch them.

    GigPark got featured on TechCrunch.

    Some legal advice care of Rob Hyndman: just go build the thing.

    May 31, 2008
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