Next Montreal Tech Breakfast on February 10th Sponsored by BDO Dunwoody

BDO logoFor the first Montreal Tech Entrepreneur Breakfast of 2009 I’m pleased to announce that we’ve landed a sponsor: BDO Dunwoody.

BDO has been very active in the local startup community, participating at (and sponsoring) numerous events. They work closely with Montreal Startup helping recently with a couple of MSU events.

The details of the sponsorship will be announced soon – once I’m finished coordinating things with Boccacinos. Due to the number of people who attended the last breakfast, I’m looking at possibly doing a fixed price menu with the restaurant, to make things easier. We’ll see.

The Montreal Tech Entrepreneur Breakfast will be on Tuesday, February 10th @ 8am.

Here are the details:

  • Who should attend? Anyone that’s into the tech and entrepreneur scenes in Montreal. That includes entrepreneurs, startup employees, angel investors, venture investors, service providers, students, etc. Every event sees new people, and hopefully the connections made turn into real value in the long-term.
  • When and where? Tuesday, February 10th at Boccacinos on McGill St. (downtown) at 8am-10am.
  • How do we connect? Stay connected using our Facebook Group.
  • How do we RSVP? It would be great if you RSVP’d so we have a sense of how many people are coming. You can do so using the Facebook Event listing.
  • Who is sponsoring? BDO Dunwoody!

Congratulations to Defensio on Acquisition by Websense

Defensio, which provides an excellent anti-spam plugin, was acquired by Websense, Inc (publicly traded on NASDAQ). The news is all over the Web, including the Defensio blog.

Why is this important?

Carl Mercier on TwitterFor starters, I was Defensio’s first big user. Carl Mercier (founder of Defensio) asked me to help him early on with beta testing of their anti-spam plugin on this blog because of how much spam I was getting. I was happy to oblige. But more importantly:

  1. Defensio is Canadian. Defensio is actually Montreal-based (or pretty close to it) so I think the entire Montreal startup / tech community celebrates these kinds of victories. We don’t see a lot of exits (although another Montreal-based startup, Reasonably Smart was also recently acquired by Joyent, and Oz was recently bought by Nokia.)
  2. Defensio didn’t raise Venture Capital. Mark MacLeod calls it the era of small exits and I think he’s right – at least for companies that haven’t raised significant dollars (or any at all.) If you can exit for a few million dollars and you’ve only raised a couple hundred thousand, everyone wins. No one’s buying a small Island in the Caribbean, but it’s still a win. It’s important to realize though, that even if you don’t raise money (or only raise a small amount of angel money) you still need to orchestrate the exit; just because you’re going for a smaller exit doesn’t mean it’s so much easier or happens automatically. I think there’s a future blog post in there…
  3. Defensio wasn’t first, but it worked well. Defensio wasn’t first to the anti-spam market, nor were they first to implement anti-spam blog plugins — so you don’t need to be first, being a copycat startup has its advantages, but you do need to stand out and have unique value that’s clearly differentiated.

I continue to use Defensio and find it works very well. I enjoyed working with Carl through the beta / development process, and wish him (and the entire Defensio team) best wishes and tons of luck for the future.

(Incidentally, Carl claims “the cheque is in the mail” for being their 1st big user … but I’m not convinced. *grin*)


Is the Venture Capital Model Broken?

Lots of people are asking this question: Is the VC model broken?

It’s an important question, regardless of what you believe, because it creates debate and change. Few things ever stay the same, and the VC model is no different. And without a doubt, I believe the VC model and startup investment in general will undergo significant change in the next 5+ years. We’re just at the early stages of it. The focus shouldn’t really be on whether the venture capital model is broken, but on how venture capital is going to work in the future; because I think most people agree that change is afoot.

So what will that change look like? And beyond venture capital, how will the entire industry and approach for raising capital evolve?

(more…)


About Ben Yoskovitz
I recently joined GoInstant as VP Product. GoInstant changes how we use the web, making it shareable like never before.

I'm also a Founding Partner at Year One Labs, an early stage accelerator in Montreal. Previously I founded Standout Jobs (and sold it). I'm a hands-on startup guy, helping companies grow successfully from the idea forward. You can reach me at byosko at gmail dot com.

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