Posts tagged startups
Canadian startups cashing chips way too early?
Jan 25th
by Christine Wong
Assessing the debris of the Research in Motiondebacle – longtime co-CEOs swept aside, stock price in shambles, failed PlayBook launch and customer confidence rocked by service outages – it’s easy to forget this fallen giant was once a Canadian IT startup.
Christine Wong
While founder Mike Lazaridis and his former co-CEO Jim Balsillie took heat for occupying the top jobs at RIM for far too long (27 and 19 years respectively), today’s startup founders seem to be hanging up their entrepreneur’s hats way earlier. There are no outlets that officially track tech startup M&A deals. But according to an unofficial count by Techvibes, there were 35 Canadian startups acquired in 2011, up from 27 in 2010.
Why are so many Canadian tech startups cashing in their chips early instead of soldiering on to grow and develop their companies into the next RIM (pre-meltdown, of course)? Read the rest of this entry »
Why do startups hate agreements?
Dec 19th
by Monica Goyal
I recently considered entering a business relationship with a startup. These conversations always seem to end with the same awkwardness around signing an agreement. My response, as always, was: I’ll certainly look it over; sometimes I might suggest a revision, and then I may sign it.
Monica Goyal
For some reason, this attention to contracts surprises some. It’s as if contracts are seen as a necessary evil, a nice to have, rather than an important part of solid business partnerships. I totally understand. Most new businesses are most concerned with becoming profitable as quickly as possible, not spending a lot time revising contracts. Read the rest of this entry »
How HoHoTO turned crowdsourcing into a cause
Dec 14th
By Shane Schick
Startups know what it means to be hungry. They tend to be launched by people who work extremely hard for what are sometimes small dividends, at least initially. They have to be very efficient with their expenses and other resources. They know they need to lean on each other for support occasionally, just to survive. They still have it a lot better than the many people in Toronto who go hungry every day — not hungry for success but for actual food. That’s probably why so many of them contribute to HohoTO.
Although it’s a holiday fundraiser rather than an actual company, after three years HoHoTO.ca already looks like more of a well-oiled machine than many other young Toronto tech firms vying for investors and customers. Launched by a group of friends in the local IT scene to help the Daily Bread Food Bank through the Christmas season, the project grew large part through word-of-Web, with the efforts of bloggers, Twitter and Facebook users tapping into their networks to solicit donations, team members or both. This year’s event will take place on Thursday, Dec. 15 at the Mod Club on College Street. ITBusiness.ca is proud to be among the many sponsors. Read the rest of this entry »
Lean startup: It’s the Canadian way
Jun 6th
By Jason Flick
You would have to be living under a rock not to have heard about the billions in venture capital flooding into the Valley. Venture firms raised over $60 billion in Q1 2011 alone. Some companies are ramping from zero to billions in revenue in years rather than decades. Students fresh out of school are being offered six-figure salaries, four-month signing bonuses and iPads to come on board. (VentureBeat summed it up well in this recent story.)
Of course, these stories seldom report that for every company like this, there are 99 others that flounder and end up as large financial craters. Read the rest of this entry »
Words of wisdom: What can you learn from a thunder lizard?
Apr 7th
By Francis Moran and Leo Valiquette
“A startup is ultimately … not just about whether an idea or a product works, it is about whether or not you can create a business around it. Whether or not the ecosystem will support it, the customers will buy it, if the channels will support it, and if the manufacturers will actually create it. And because of that, we need to be able to test all these different facets of our business model, and do so quickly.”
This comes from someone Forbes calls “the most powerful woman in startups,” Ann Miura-Ko, co-founding partner with FLOODGATE. In October, she gave a lecture at Stanford University titled “Funding Thunder Lizard Entrepreneurs,” which is filled with so much insight we were tempted to just transcribe the whole damned thing and offer it up as a blog post of its own. However, her talk is available as a conveniently indexed webcast. Read the rest of this entry »
The new risk capital reality: What now?
Feb 18th
By Francis Moran and Leo Valiquette
In our previous post, we explored the massive changes that have occurred in North America and Europe that have led to a contraction of traditional venture capital investment.
These long-term trends have left early-stage companies in a tight spot. They must become increasingly creative to shorten time to market, become more capital efficient and generally figure out how to do more with less. The cash-burn of years past is no longer an option, if it ever was.
Rise of the super angels
All is not bleak, however. While traditional VCs may have become easily spooked by the prospect of sinking cash into an unproven startup, many angel organizations have stepped up to fill the void. Ronald Weissman, chair of the Software Special Industry Group at one of Silicon Valley’s oldest angel organization, Band of Angels, said many angel organizations have come to act like early-stage VCs. Read the rest of this entry »
Onus on tech firms to build responsible privacy controls: a guest blog from MaRS
Feb 22nd
In my last blog entry, I wrote about Privacy by Design: The Gold Standard – my annual event that focuses on the implementation of new technologies and business practices that can deliver tangible results with regard to ensuring the future of privacy. This year, the theme was “We did it…so can you” and I was delighted to see so many practical examples of products, services and solutions that are designed with a view to making privacy the default mode of operation.
Toronto-based innovation incubator MaRS was on hand to showcase leading edge technology, with privacy solutions embedded, from a number of its Ontario-based companies. I have invited Earl Miller of MaRS as a guest blogger for this entry – to share his thoughts on why young tech companies should treaty privacy as a key business issue: Read the rest of this entry »
