It’s about time I blogged on this – the fact that when you ask any entrepreneur, startup founder, C-level exec “how you doing?” the answer is usually the same! Busy! Crazy busy! Too too busy! Not enough hours in the day type of answer…and there’s the rub! Are you – are we – all too too busy?
Here’s what I’d like you to think about….being an entrepreneur is about the best/coolest/finest thing that could ever happen to a human being in my world. The creation of a new idea….the nurturing of same….the building of the basic framework of your company…the search for advisors and mentors and counsel from same…the first MVP (minimum viable product) for the marketplace…the customer validation and initial wedge into their consciousness…and then the pivots that come from all of these items. It takes time. It takes focus…and perhaps most importantly, it eats up your life.
Okay, you’ve most likely heard tons of stories about how some app developers on either the iOS or Android or even the RIM platform have made tons of money, bought the Maserati and retired to the beach on Nevis….and you’re figuring that this may just be the biz model to clone and follow.
For those of you who don’t know our local Hamilton Spectator and our business community, it might come as a surprise to you that in last Saturday’s paper, our own Nick Bontis’s column entitled “Bontis on Business” he covered our own Snappay mobile POS app! And we’re chuffed!
Dr. Nick Bontis is one of the world’s leading experts on intellectual capital and is a tenured Professor at McMaster University and writes a weekly Hamilton Spectator column on business that covers much of both the international business scene and yes, our local one too! And a short disclaimer that yes, I’m the CMO of Snappay and a proud member of the management team too!
Hamilton, ON (April 30, 2012) – Last weekend, 95 developers, designers, marketers, business professionals, animators, and engineers came together in the Collaboratory at Mohawk College to spend 54 hours trying to launch new startups in Hamilton.
The news is out and Communitech, the giant in the Ontario wide RIC network announces today that they’ve just launched Hyperdrive! It is a $30 million Incubator initiative that will offer up to Canuck startups the chance to be funded and mentored and incubated in the Kitchener-Waterloo area….and in my book, that makes it a true Canuck winner!
For more info pls go here – http://www.communitech.ca/communitech-launches-30m-hyperdrive-incubator/ and take a good read about the Program itself, it’s funding partners and while I didn’t see the online application there yet – I’m positive when it’s posted there’ll be one heck of a lineup for that first cohort, eh!
#Kudos Communitech….job well done!
Okay, the title is a bit muddy in it’s meaning, but what I did try to capture is that we – both myself and my latest startup – were featured in our local press and for that reason, it’s a #FabulousFriday! This is a double hit day and already we’ve had 8 phone call “congrats” too!
<big grin here>
First the media notice – the local press I’m talking about is the Hamilton Spectator, a daily paper here in the #HamOnt area that has a great business section and yes, I do read it daily and have been doing that since the 50′s, since I learned that from my Dad. I like the Spec as we call it and the reporting from my POV is always “spot-on” and I wanted to say thanks to the Spec!
Yes, it’s exactly the right time to think about our wonderful community and think investment! Money, sure, I mean money by all means, but that’s not what I’m really thinking about today…what I’m thinking about is the commitment of time – your time and in truth is there anything more valuable than time? No there is not. And here’s why, eh!
Time is the measure that we all use, to try to live, work and exist in life, and we use it haphazardly when we’re not focused I think. As one grows a bit older, and the term “been there done that” comes to the top-0f-mind position more than not – that was the time for me when time suddenly appeared to be of more import to my life than anything else.
Yes, the title above is correct….and as the photo here shows, President Obama yesterday signed into law, the new US JoBS Act which among other things legalizes crowdfunding as a way for startups to receive funding for equity…and that’s a good thing, eh!
It will change the way startups do business in a lot of ways, most notably by making it easier for them to accept smaller investments from a larger number of investors. And we believe it’s a good thing that less wealthy Americans who don’t qualify as accredited investors will now be able to put their money into young businesses and reap the rewards.
Yes, right up front, by using the “our” in this blog post, you should know that I’m involved with a new startup, Snappay that is a mobile POS system built for merchants to use their smartphone to charge a customer/client’s credit card. And I’m very pumped on this venture into the financial payments channel too!
The US Senate, as nicely as you please, just passed today, the new JoBS Act, and guess what startups -crowdfunding is now LEGAL in the US.
You heard me. It’ legal. Sure, there’s a few i’s to dot and a couple of t’s to cross…but in fact, if you have a startup and you want to be funded via a crowdfunding website – it’s legal.
On March 8th, the group of US Congress bills, collectively called the JoBS Act (Jumpstart our Business Startups) passed the House of Representatives and now goes to the Senate….and IMHO, that spells trouble for our Canuck startup futures…but let me explain! You already know as a reader, that we’ve been watching closely on HR 2930, the Crowdfunding Bill, but this group encompasses much more opportunity for both startups and investors and here’s a simple one-pager on the Act itself…
Right now, it’s illegal for a US or Canadain startup to solicit investors on platforms like Twitter or Kickstarter. But the US-onlyJOBS Act would change that south of the border only!
As many of you readers know, we run a successful SEO practice here in the Hamilton area…and it’s really what gets up up each day. That said, you may also know that we work damn hard here too for our startup community…and I am only one “spoke” in that wheel…but it surely provides us with lots to do – and to think about too.
Enter my point today – that as a startup founder you need to speak to your customers BEFORE you bloody well go off on a tangent – lengthy rant on!
I was excited a few days ago, to find over on techcrunch.com a great piece there on a new SaaS product that I thougth just might help me big-time in my own new startup, a mobile app, and I read that I could use this new product to help market my own startup. Cool I thought….and that’s what led to my total frustration with the founders of same.