By Francis Moran
An application that allows users to create their grocery-shopping lists online and then see which of their local stores has the lowest total or individual prices for the items on the list was the debut project to be presented at the first-ever exhibition Monday of projects developed by students at the unique VeloCity incubator-residence at the University of Waterloo. With an objective no less ambitious than to “organize the world’s food information,” Grocerus is a nifty app that, covering a limited array of foodstuffs and listing stores only in the immediate Waterloo area, still has a distance to travel before it meets that ambition.
Indeed, the same could be said for virtually all the projects exhibited, where ambition outstripped — sometimes vastly outstripped — their implementation to date. But considering that these are student project teams that have been working just scant weeks, the dozen and a half ideas on display were an impressive array of creativity, imagination and, for at least a handful of standouts, well-engineered product development.
Some, like Grocerus, were strictly local in their initial iteration. For example, Find It Off Campus, which matches available student housing with students looking for accommodations, and Class Album, which helps students coordinate their schedules, both focused exclusively on the University of Waterloo for starters, but their founders expressed every intention of broadening their horizons once proof of concept was established.
Some of the applications are trying to dig value out of social networking trends. Gruup aims to use Facebook and other sites to bring consumers together for group discounts on products while Emoshion wants to lever social networks to help people uncover rare or hard-to-find fashion items such as limited-edition sneakers. Giftah, whose site is not yet live, wants to capitalize on the 15 to 20 per cent of gift cards that never get used by making a convenient marketplace where they can be bought and sold.
One of the more polished presentations was InPulse, a so-called “smart watch” that will use Bluetooh connectivity to convey key information about incoming emails, SMS messages and calls from your mobile phone to your watch. “Send me an email directly to my watch,” founder Eric Migicovsky said in what had to be the most original line of the day.
The judges bestowed their blessing and $1,000 on Sparknav, which will allow users to download to their phones content about their surroundings, such as directions, tour information or even exhibit details at museums, art galleries or zoos.
Two other good reports on the day’s activities at GlobalNerdy and StartUpNorth provide excellent analyses of how the students’ shortcomings in terms of effective business models and presentation skills can be addressed by getting executives and technology professionals more involved in VeloCity, something to which inmedia is committed as a partner of this fascinating endeavour.
By Danny Sullivan
Over on the BBC web site, readers have submitted their personal choices for the most-hated cliches in current circulation. Reading through the article was a painful exercise, and I’m sure most of you will also recognize many of the expressions as appearing frequently in your own day-to-day vocabulary.
The technology sector is rife with such cliches, and I’ve summarized a few of these into a Top 10 list, some of which I must admit I still use “on an ongoing basis”, so to speak.
1: Going forward
2: Leading (as in “a leading provider of…”)
3: At the end of the day
4: Touch base
5: Mission-critical
6: Value-add
7: Downsizing
8: Out-of-the-box
9: Best practices
10: 110%
Got your own “favourites” or, better yet, can you truthfully say you’ve never used any of the above? Let me know.
By Francis Moran
Although it had its genesis in a consulting practice that was already several years old, and its first employee had been in place for several months, inmedia Public Relations Inc. was legally incorporated on November 5, 1998, and so today is our tenth birthday.
I would be less than forthright if I said that 10 years after launching a technology focused PR firm that I had accomplished what I thought would be in place a decade out. The tech meltdown damn near put us under and the continued severe contraction of Ottawa’s tech sector means we have slim pickings here at home. And my initial business proposition, that we could create an agency of excellence and extract a premium from the marketplace for that excellence, has proven to be a tough pitch in a market that too often has yet to be weaned off mediocrity.
But we survived the meltdown, the only exclusively B2B technology PR practice in the city to do so. Today, we get very well paid for our excellence from clients who have come to understand the difference. And our deliberate business development strategy over the past three or four years has been to embrace Ottawa clients certainly, but also to aggressively pursue business anywhere and everywhere we see a good opportunity.
My excellent colleague Danny Sullivan’s self-repatriation to his native Scotland a few years back opened a whole new front for us, and our far-reaching Google Adwords campaigns and this blog have brought us amazing opportunities from many other corners. With Ottawa accounting for about 35% of our revenues, we have embraced clients and projects in Calgary, Toronto, Montréal, Fredericton, Moncton and St. John’s; in Boston, Jersey City, San Jose and Chicago; and in Edinburgh, Glasgow, Farnborough and London.
If the business outcome has not been everything I hoped for 10 years ago, the experience has been nonetheless incredible. Most noteworthy has been the extraordinary people who have come to work with me here at inmedia. In an industry where average employee tenure has been pegged at less than a year, inmedianauts tend to hang around for much longer, with the average tenure here topping three years and some having spent five, six and even seven years on board. The consultants who work here are the real product that we sell, and I have had the unmitigated pleasure of consistently being able to bring to market the very best product in the PR industry, period.
Similarly, we have worked on some amazing projects with some of the brightest minds in technology, business and marketing. Our web site lists nearly 90 clients with whom we have worked over the past 10 years, and each and every one of them has represented a unique story, a unique set of market dynamics and a unique set of media and analyst targets to whom that story needed to be told. It is this ever-changing nature of the business that makes PR consulting so fascinating to me.
It has been rewarding, challenging and frustrating, as most any worthwhile venture inevitably is. It has also been a period of considerable personal and professional growth, and I look forward to learning even more as this little PR company continues.
By Francis Moran
There is no better time than now to start a technology company in Canada, Montreal-based serial entrepreneur Austin Hill told a sold-out crowd at last night’s inaugural Ottawa Founders and Funders dinner.
Hill told the entrepreneurs and various investors gathered at the Velvet Room how he raised US$25 million on a US$100-million pre-revenue valuation of his company Zero-Knowledge Systems Inc. (now called RadialPoint) just as the whole tech sector was going kaflooie at the beginning of this decade. The tough times that followed taught him very difficult lessons about being an entrepreneur as he was obliged to lay off employees he had personally recruited and induced to move to Montreal.
RadialPoint emerged from the meltdown as a much stronger company, Hill said, because of this focus on creating value. And the same opportunity exists today, he insisted.
“People who understand technology and people who have money and know how to make it work effectively have never existed together in Canada like they do today,” he said, making this “a great time for Canadian startups.”
Hill got chuckles from at least the founders in the room when he asked what you get when “you cross a lemming with a sheep?” The answer, of course, is a venture capitalist, and the current economic meltdown means only the truly committed risk-takers will be left standing. Tough times have a way of “washing out some of the people who weren’t serious about our sector in the first place,” he said.
I managed a brief aside with Hill that I used to ask him about his latest venture, Akoha. I have been curious ever since I signed on to the game whether it was purely a philanthropic undertaking or whether there was a revenue model behind it somewhere. “A very powerful revenue model,” Hill assured me before going into some fascinating details I won’t spill here since I neglected to get his permission to do so. But go take a look at the site for yourself.
Curiously, I was just this morning able to personally experience a sharp contradiction to one of Hill’s contentions, although I suspect he’d be happy to hear about it. Ottawa and other tech-heavy Canadians cities lack the kind of meeting places, like coffee shops, where you can wander in and be sure to run into people you need to meet, he suggested, saying that was his common experience in California. Well, for what it’s worth, I wandered into my friendly neighbourhood Bridgehead this morning only to run into Scott Lake. We spent a good 40 minutes chatting about his newest venture, ThinkSM. While we were doing so, I pointed out the head of one of Ottawa’s largest integrated communications agencies who wandered in while Scott recognised some major investor who was also at Bridgehead having a meeting over coffee. So maybe we do have some of that gravitational pull Hill was pining for.
The dinner itself was a good room and full kudos need to go to Allan Isfan of FaveQuest who pulled it together.
