2,459 karma · joined March 19, 2010
Developers in Toronto are very cheap compared to large cities in the US like NYC and SF. A lot of really good Canadian developers move to the US because they get paid 2-3x as much.
There is very little "startup tech culture" in Toronto itself which is good or bad depending on what you want. That being said Kitchener/Waterloo, although very small, is actually closest feeling I've seen to SV with regards to engineering focus and community. It's about 2 hours outside of Toronto.
Most early stage startup investing in Canada is done by BDC (or Business Development Canada). Even with incubators like Extreme Ventures, the company she is working at in the article did Extreme, the majority of the money they invest is from the government of Canada. Canadian founders I know who have taken Canadian money always say that you are better off taking money from investors in the US.
Canadians, in general, are more risk averse. Even Americans who wouldn't start a company understand what entrepreneurship is about as it is kind of baked into the American raison-d'etre -- but this is not the case in Canada.
The article about Prim for example I think makes a good point. Also note that TechCrunch gave them a 1000 word review -- that's quite telling to me as it sounds as though YC might have an arrangement with TechCrunch.
The personal profiles, while tacky as hell, do also show you that folks who are all for disruption and who some look up to, are also just regular people. I also noticed this on the Path article -- http://bioischanged.com/user/davemorin which is actually quite interesting to me.
Again, I totally get the ban, and I agree they publish filth, but I have to say, they do cut through a lot of other valley red tape that others don't.
When you drill down to it, the fact that PandoDaily's investors are also investors in a lot of the companies they report is a pretty big issue -- perhaps one that makes them disreputable? What about the fact that sometimes articles on TechCrunch are essentially large snippets of what a founder has just wrote to the writer in an email? There's a lot of bias in tech news, it just depends who's side you're looking at it from.
I started my own company two years after graduating (paid off all my student loans first) and probably got more "experience" in the first 2 months running my own thing than 2 years of working for someone else.
I did get some experience working a job, but to be honest, most of the learning I did was on my own time and not on the job. Coworkers generally do not have that much time to mentor you or guide you no matter what they say in the recruitment process -- they want you to fill a pretty specific role and probably aren't going to make a special job just for you.
I don't know you, so it's hard to say, but if are concerned about things looking bad to employers on a resume I don't know if you should be focused on building your own company right now.
There's a YC company called Heap Analytics that offers pricing based on monthly unique users. I've never used it but it's the only other thing I can think of.
PS. He shared his profile from my app on his Instagram profile and our app immediately shot up to the top 10 apps in the Kuwait app store, and number 2 in photo and video. Users thanked him, and thanked Allah that he had shown them this new app.
Google trends seems to confirm 2009 was when it started to really work too http://www.google.com/trends/explore?q=twitter#q=twitter&cmp...
Even though app search services do exist -- like Quixey https://www.quixey.com I'm not sure if they make sense for most consumers. How do you currently search for apps? Is it by functionality or because you hear about it from a friend?
With regards to Highlight I imagine they will likely die before doing that or give up on the original hypothesis. Statistically speaking that is most likely. I was trying to be helpful, and as you mentioned you can just as well list off a list of startups so I'm not sure focusing in on one example is that useful as I can just as easily name more.
I've had a banner feature on the photo and video section of the app store. It only drives a couple hundred downloads a day. The reality is, the front page in the US is the only section that drives substantial downloads ~50K in a week is possible with 1st or 2nd position. Neither of those things drive great users which is again what Andrew mentioned as building PR hype.
Also believe it or not, our banner feature was more or less dumb luck. I mean, we make a great product, but getting their attention was a lot of luck.
I do believe there are a lot of apps that do get Apple's approval and get showcased, but never really make it -- which you do address. A great example in the video space is Vyclone which go promoted very much, and still gets front page promotions quite often, but they never really went anywhere.
Lots of investors made pre-traction mobile-consumer bets in early 2011. Some even built up teams of 5 or 6 people before having launched a product.
In late 2011 and early 2012, savvy investors quickly noticed that many consumer apps started to stagnate around 300-500K total users. Although their total user counts continued to grow, their active user count did not (often only reaching a few tens of thousands monthly active users) – some even had exponential decay.
Good examples would be something like Highlight (Sorry guys) or Mixel (Very well done app, but never grew that big, and got acquihired) or Cinemagram (Fellow Canadians, raised money, but with Vine and Instagram for Video are now getting trounced).
Another poignant statement is his closing statement on the closed garden App Store model, which seems to be having problem creating big hits now, or as Marco put it the other day, "the rich are getting richer." For example, Apple has been promoting video apps like crazy, stuff like Vyclone, or Directr get lots of love from Apple, but you just can't control the masses.
http://blog.zmitri.com/startups/2013/06/14/you-need-a-millio...
I can give you lots of specific examples if you send me an email, but I feel bad calling them out in public, because it's a grind and I don't think it's my place to do that.
You guys see so many companies that you probably have a fantastic, if not the best, take on this. I scoured around looking for data and statistics to figure out what was going on, but you can just ask your companies I imagine.
We're still going either way.