Over the past two days, Canadian entrepreneurs and American venture capitalists met at Venture North, a conference that aims to introduce U.S. VCs to Canada's tech ecosystem. Mayor John Tory started off Wednesday's proceedings by stating that Toronto is a startup-friendly city, and its tech leadership is "simply a story we haven't told yet."
With each startup event that happens throughout the year, we are standing a little taller as a community, being a little more innovative and getting back to the business of hard work. That's the defining factor: When things don't come easy, we work harder. For me, that's the startup culture in Vancouver.
'Unicorn' is a term in the investment and venture capital industry use to define a start-up company whose valuation has exceeded USD$1 billion dollars. When you look for these (apparently not so) mythical creatures we find a plethora of U.S.-based companies: Uber, Airbnb, Palantir, Snapchat, Dropbox and others.
In the constantly evolving and socially driven society we live in today, the very definition of a workplace has changed. Coworking has become a global movement where work is done outside the confines of a traditional workspace and is instead in a shared working environment either in an office or other public space.
True success of an entrepreneur comes not from their ideas, but from their inner mindset and character traits. It takes a certain type of leader to endure startup life and persevere past the hurdles that will inevitable lay ahead in their efforts to inspire disruption or bring a new innovation to life.
Energy consultants have been helping companies reduce operator error, identifying energy wasting systems and proposing energy efficient retrofits for a while now. But what is new is the next generation of energy efficiency companies who are using super smart meters and big data to identify, measure and wrestle energy sucking systems to submission.
My prediction is that, in the next two to three years, and with the right kinds of risk-taking and mentorship we can increase the culture of growth here in Vancouver. With investment in more Growth Hackers and Data Scientists in Vancouver and we will start to see more billion-dollar companies emerge.
Transferring day-to-day responsibilities for voice and data management to an outside vendor is an immense load off the staff of any growing company. It means not having to worry about hardware and software issues, as well as ongoing technical support, remote monitoring, troubleshooting, repairs and ongoing upgrades.
The Uber / Lyft / Sidecar battle seems to be an increasingly prevalent theme where startups are focused more on fighting each other than responding to countermoves from traditional players. With statistics showing that the San Francisco taxi industry is steadily collapsing, it is no wonder that Uber is more focused on retaining market share against other startup competitors.
The rules are changing in today's globalized, hyper-competitive economy and startups are attempting to keep up by maintaining their innovative edge. No longer can any established or traditional company afford to enter a period of ossification. Indeed, ossification in today's economy means death rather than stability.
When I started my new job with Freelancer.com, I was researching where and who to reach out to in Canada and I quickly realized the force that is the Ottawa start up scene. Sure it's the capital and that should be an obvious choice however I found something truly unique. The startup community is very creative and keen plus they are very adept at getting the government to pay attention.
For the first time since Yelp became a publicly traded company, it reported a profit (Q2 of 2014). Today, its valuation sits around $5 billion, and boasts a monthly average of 138 million unique visitors. And while Yelp faces competition from some pretty heavy hitters -- Google, for one -- the future of the company looks promising.
Across the Fortune 500 companies and throughout cities worldwide, women appear to hold the short end of the stick. Women are considerably underrepresented as CEOs, officers, and directors in the corporate world. Since women occupy nearly half the total work force in the United States, what is the reasoning behind these inexplicable labour statistics?