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Something Ventured: Archive
Insight For BC Technology Entrepreneurs
By Brent Holliday
1. Our
Technology Industry (Rants and Raves)
2. Building
Fast Companies
3. BC Company
Case Studies
4. Technology
Trends
5. Financing
Do's and Dont's
Our Tech Industry (Rants and Raves)
August 8, 2008:
How to Fix Venture
Capital in Canada, Part 2
In a follow up to the last column, Brent dives
into his opinions on how to fix venture capital in Canada. Based on the history,
some things will be hard to un-do, but the only way to move forward is to get
returns for the investors. Sounds easy? Not.
July 25, 2008:
How to Fix Venture
Capital in Canada, Part 1
An
interesting discussion started recently by the gentlemen starting BootUp Labs in
Vancouver. It was on how the community can help to fix Venture Capital in
Canada. An auspicious goal! This week Brent decides to back up and discuss the
history of VC in Canada and how it may have been broken in the first place...
June 13, 2008:
Exit Signs
It may be Friday the 13th,
but the news is not all gloomy for IPO and M&A, the two paths to exiting your
successful technology business. This week Brent de-constructs what drives these
exit types and gives you his opinion on where we are in the cycle for both
possibilities.
May 2, 2008:
Making Green Going
Green?
Clean technology investment is way
up in the US and Canada. Hype about global warming is driving the demand for new
innovations and solutions. This week Brent argues that a bubble is forming
nicely around clean technology and goes into the benefits to investors and
hopefully to BC, which has been the cradle of the green movement for 40 years.
April 18, 2008:
Above The RIM
Which company is the largest in
Canada by market capitalization today? A bank? An oil company? Here’s a hint:
it’s a technology company with an incredibly addictive gadget. This week Brent
goes outside of BC to marvel at the biggest company in the land and celebrate
its prominence before it gets passed by a load of fertilizer.
April 4, 2008:
Thirty Six Hundred
Days of Tech
On the occasion
of the 10th anniversary of Brent writing his first column for T-Net,
we cordially invite you to join him in his look back at an amazing decade in
technology locally and worldwide. That’s this week in Something Ventured.
February 1, 2008:
A Look Back to the
Future
A learned economist from Portland came to town this past week to tell us about
the future and how to access the people and talent to make that future bright
for BC’s technology industry. He described a person that grew up in another
region, became educated and mobile before their 25th birthday and
moved to Vancouver to seek their career start. He described Brent. And now Brent
represents what we need in our labour pool, someone who is engaged in the
industry and stuck. Read how in this week’s Something Ventured.
January 18, 2008:
2008... Oh Great
2008 is not off to a great start for business and the economy in general. So
how come Brent and a few dozen other entrepreneurs and investors were smiling
just this week? What do we know? Where might we all go? Get Brent’s view in
this week’s Something Ventured.
December 21, 2007:
Year End Fluff
Piece
At the end of the year, journalists are with their families and write “fluff
pieces” to fill the gap between Christmas and New Years. Not to be left out,
Brent lobs a few quotes and links that he found around the Internet out for you
to enjoy. See you in 2008!
December 7, 2007:
Happy Christmas
’Tis the
season to be happy… right? It depends on your role in the technology company,
says Brent. Regardless of your role and your stress levels, he tries to lend
some perspective this holiday season with a powerful little video that some of
you may have seen already. Check it out this week in Something Ventured.
November 9, 2007:
Industry Health
Check
After receiving a health check himself, Brent decided to play doctor and
diagnose the BC technology industry. Find out how he thinks the industry is
doing against the baseline check ups from 2003 and 2005, this week in Something
Ventured.
October 19, 2007:
Woe Canada
A prominent Canadian entrepreneur, who made all of his money in America, has
issued a stinging wake up call to Canada about why he will never start a
business here. Brent responds to his call to action and adds his theory as to
how we compete in the short and long term as a nation… this week in Something
Ventured.
September 7, 2007:
Economy Is Less
Than Prime
All anyone wants to talk about today is the sub-prime mortgage debacle and that
the US economy is teetering on the brink of recession. This week, Something
Ventured seeks to explain what happened (in a humorous metaphor, of course) and
what your early stage technology company can do to avoid it affecting your
bottom line.
June 15, 2007:
IPO Dreams A
Reality?
The dream goes like this: Greedy venture capitalist, stung by years of mediocre
returns wakes up to the glorious news… The technology IPO is back! The
technology IPO is back! Is the nightmare finally over? This week Brent
explores the steadily improving environment for the hallowed path to early stage
investor riches…
June 1, 2007:
Two Ideas Today
This week Brent couldn’t decide which column to write, so he wrote two. First
he responds to a popular Judy Bishop column about e-mail overload in the
workplace. Then he discusses and links you to a great new set of podcasts set
up to chronicle the origins of BC’s technology industry.
April 27, 2007:
The Next Shift
Something
Ventured has an assignment for you. This week you will find a link to a short
presentation. It is thought provoking and extremely relevant to you as a
technology industry participant, as a Canadian with a job and/or as a
parent. It’s all about the Shift underway in the world as it flattens, gets
faster and contains much more information. See it, read Brent’s thoughts and
form your own.
March 30, 2007:
BC's Content
Creators
Digital
media is hot. Within digital media is the video game industry and it is equally
hot. This week Brent profiles some local up-and-comers in the game industry and
shows you how they will profit from the ongoing digital media boom.
March 2, 2007:
Send People and
Money
According to the
recent Tech Talent Survey by the BCTIA, there is a burning need for more
talented people in the technology industry today (and there has always been a
burning need for capital). This week Brent talks about the macro or industry
view of the talent and capital issues and tries to show the micro or company
view to the reader to see how it connects to your company.
January 12, 2007:
The Year of Tech
Once again it's crystal ball
time. Without too much regurgitation of everything else you are reading about
the technology industry in 2007, Brent takes his own look at what lies ahead
this year and he sees... Good Times.
December 8, 2006:
Requiem for
Innovation?
Buried in the news of the formation of the largest telecommunications equipment
company in the world with the merger of Lucent and Alcatel was the fact that
Bell Labs, the corporate research arm of Lucent, will be re-focused on strict
product development, not basic research. It is the end of the Bell Labs that we
all knew. This week Brent looks at its demise and compares it to MPR Teltech
and its shutdown in the 90’s. What does it means for innovation in North
America?
October 27, 2006:
Bears and Bulls in BC
Are you a bear or a bull for BC’s technology industry? Brent looks at the big
technology companies and the early stage data as well as the anecdotal evidence
and comes to a conclusion about the near future, this week in Something
Ventured.
August 25, 2006:
A
Financial History Lesson
There is a bubble afoot in the financial world in the field of private equity
(venture capital is a subset of PE). Brent asks this week in Something
Ventured, if we have learned our history lessons and understand what is likely
to happen next.
June 17, 2006:
BC’s Fertile Ground
Brent takes a moment from the cake cutting ceremony for his 200th
T-Net column posted this week to actually deliver some content. A study done in
the US measured start-up activity by looking at the ratio of start-ups posting
jobs to popular job boards. Brent does the analysis for BC and, guess what, we
do very well as compared to many US regions.
April 3, 2006:
Are The Big
Hitters Still Swinging?
Like any geographic technology cluster, BC has a few technology companies that
account for most of the revenue and many of the employees. For the overall
health of our industry, you really need to know the health of the largest
companies. This week Brent looks at the recovery of some of the biggest names
around town to gauge the health of our region.
January 27, 2006:
Is There Anything
to Harp About?
Mr. Martin, we barely knew you. No space on the $10 bill for your mug, you 18
month PM, you. Mr. Harper breezes in to Ottawa with a similar fate probably
awaiting him. What does his new government mean for the technology industry in
BC? Anything at all? This week, Brent adds his new Liberal commercial about
Stephen Harper to the fray and discusses what the change in government means for
Vancouver’s technology industry.
January 13, 2006:
Prediction Without
Superstition
Despite the fact that this
column was published on Friday the 13th, dire predictions for 2006
are not what’s in store for the IT industry. In fact, the news looks pretty
good as many much-hyped technologies are reaching critical mass this year.
Brent synthesizes the 2006 predictions from a variety of sources this week in
Something Ventured.
December 5, 2005:
Tech IPO: Here We
Go?
With March
Networks scorching hot after
its IPO, VCom off to a good start, Miranda Technologies about to launch next
week and Tim Horton’s going public in January, Brent asks this week if the IPO
market is back for Canadian technology companies. Wait a second… Tim Horton’s a
tech company? No, not really, but like a morning double-double, it’s hot too!
November 18, 2005:
Interesting Vista
After
exposure to the new Microsoft products, Windows Vista and Office 12, Brent got
to thinking (always dangerous) about how Microsoft is positioned this time
around for what will be a battle for the hearts, minds and wallets of enterprise
and consumers next year. Many critics believe Microsoft has missed the boat
again, but Brent doesn’t want to bet against Bill G.
September 9, 2005:
A House of Cards
In venture capital circles, it was the equivalent of sudden celebrity break-up
or a sports star busted for steroids. A shocking surprise sending tongues
wagging all over the country. The Ontario government suspended tax credits for
labour sponsored funds in that province, an effective stop to tax-assisted fund
raising for early stage investment. But wait, there’s more. Three days later,
the largest life sciences investor in Canada announces it’s for sale…
immediately. How is all this going to affect BC? Is the sky falling? Check
out Something Ventured this week to find out.
June 13, 2005: Top
Ten Percent Or Bust
The mantra of the new
provincial government and the BC TIA is to make Vancouver
a top ten technology centre by 2010. After spending some time with the
leading VCs in the
Silicon Valley
, Brent is of the opinion that, although lofty, this has to be our collective
goal because it appears that the spoils of technology go only to the very top
few percent. Find out why this week in Something Ventured.
May 20, 2005:
More And Less
Now
that the politicians are done the theatre and are back to work, Brent asks them
to consider early stage company formation and some structural problems we seem
to have in Canada. Read his letter to the Premier and the Prime Minister in
this week’s Something Ventured.
May 6, 2005:
Four More Years
With Adscam and a generally good feeling about BC, you may not have noticed that
an election was on. Brent reflects back on the conditions of BC and the tech
community in May of 2001 and sees what has changed between then and today under
the BC Liberals in this week’s Something Ventured.
April 25, 2005:
BC Tech Really
Puts Out
This week Brent details the process and the results of an intensive study to
measure output of the technology industry in BC and measure it against all other
North American regions. The results are amazing for BC and will surely spur
further studies and much discussion. You might have read about it in the
Vancouver Sun, but the details are only here in Something Ventured.
April 1, 2005:
Surely You Jest
For
the first time, Something Ventured’s deadline date lands on April 1st.
Brent has taken this fateful day to speak on something he knows a bit about:
fools in the technology industry. See who the Greatest Fool is in this week’s
special column.”
December 10, 2004:
Looking Back On This Decade Standing
in 2005, looking back at 1995, it seems pretty obvious where you
could have, should have been to make money: The Internet. Without
the benefit of hindsight and assuming that we are in for a very good
second half of the decade, where are the hot innovations or markets
that you will kick yourself for missing when it’s 2015? Brent looks
back, er, ahead this week in Something Ventured.
December 10, 2004:
2005
Arrives
It’s that time
of year again. Predictions, wishes and thoughtful looks back on
2004 are all the rage among column writers at the end of the year.
This week, Brent will acquiesce to the status quo and dole out his
look at the state of the technology industry as we head into the
second half of the decade.
November 14, 2004:
Bill
The Great
Two thousand and
twenty seven years ago, one of the most amazing men ever to walk the
planet died in what is today known as Baghdad. His meteoric life is
celebrated in a new movie and, in Something Ventured, in a
comparison to one of technology’s greatest men, Bill Gates. The
comparison is very interesting.
October 1, 2004:
Innovation Creation
“Conventional
wisdom holds that a “flood of innovation” is coming to Canada due to
the increases in research and development funding. While this seems
like good news for the tech industry, Brent discusses a couple of
dams keeping the flood from reaching the fertile plains of global
markets.”
August 13, 2004:
Celsius 888.333
It’s hot and dry
this summer, but the stock market (and the technology stocks in
particular) seem to be cold and damp. What is going on? Is the
economy grinding to a halt? Where is the fear coming from? This
week Brent has his conspiracy theory ready for your perusal. Then he
tells you what is really going on… he hopes.
May
7, 2004: High
Tech Self Loathing
Recently,
the pot has been stirred again about the “hollowing out” of
Canada
’s tech industry by big, bad US acquisitions of weaker innovative
Canadian companies. Brent decides to tip that pot over this
week and asks why it is a sin to sell to a
US
company. It appears to him to be a natural occurrence in a
global economy.
April
23, 2004: Capital
Losses
Without
comparing heartbreaking Game 7 hockey losses, Brent looks at how
Ottawa
is doing in early stage technology value creation in relation to
other regions, including
Vancouver
. The findings are surprisingly bleak for
Ottawa
. Can it come back? What lessons can
Vancouver
learn? Find out in this week’s Something Ventured.
March
5, 2004: Religious
Wars
A
Canadian once famously said, “Every dogma has its day”. In
the world of technology, religious wars are common as people
furiously hang on to their beliefs and try to convert others to
their point of view. This week Brent explores and explains
some of the past and current religious wars in technology.
February
6, 2004: Off-Base
on Off-Shore
The
off-shore out-sourcing of IT work is getting an awfully bad rap in
the US
these days as their jobless recovery continues. This week
Brent looks at the myopic protectionism and the fact that other
countries (including
Canada?) are taking opposite views.
January
9, 2004: When
Fear Turns to Greed
The
sentiment in technology has been one of fear for more than three
years now. Fear of losing jobs, fear when making investment
and fear of a recovery. The bulls have finally appeared to
shake the bears and the enterprise looks like it will spend on IT
again in 2004. Will we move too fast to the greed part of the
cycle? Remember what happened last time we all got greedy…
December
22, 2003: Technology
Carols
In
an attempt to bring Christmas cheer to the technology industry,
Brent decided to sing some familiar carols to you... except that he
changed the words. For a Christmas smile, see what he wrote in
this week's Something Ventured.
December
5, 2003: How
the Mighty Have Survived
We
have many organically grown, innovative, successful companies in BC.
Now that the upside of the business cycle appears to be starting,
how are the superstars of our industry faring? Who’s
emerging? Brent gives his two cents on the success stories
this week in Something Ventured.
November
7, 2003: IT
Inflection Point
A
trickle of positive news about an improving Information Technology
(IT)
industry turned into a flood this week.
Everything seems to be good again in techland.
But wait, why is Brent saying that the start-up might still
suffer a bit for the next 3 to 4 quarters?
Read this week's Something Ventured to find out.
September
5, 2003: Jobs
Lagging
"If
things are looking rosier in the technology industry and the economy
in general over the next year and tech companies are profitable
again, then where are the jobs? This is the concern of many
people in, or wanting to get back in, BC's technology industry
and Brent tries to answer the question by saying not
"where" are the jobs, but "when" are the jobs
coming."
August
22, 2003:
California
Reelin'
If
you thought porn stars, bodybuilders and diminutive former child
actors running for governor weren’t bad enough, California’s
technology industry took it in the chin this week when Jim Clark,
founder of Netscape and Silicon Graphics called the Silicon Valley
“an insanely depressing place”. This week Brent looks at
the state of California and what BC’s technology industry can do
to help and to benefit.
August
8, 2003: Getting
More Productive
The
stereotype of the Lotusland worker, lacking in sufficient work
ethic, is actually hurting us here in BC. While there is
a demonstrated productivity gap between American and Canadian
workers, Brent decided to delve deeper into the reasons for the gap
and help to disprove the notion that we are all less keen to do hard
work amidst all this natural beauty.
July
11, 2003: The
Eyes of the World
Riding
the current binge of civic pride in our Olympian victory, Brent
looks to the obvious question of how to leverage this focus on
Vancouver into more people, ideas and investment into our technology
industry. If we have a global stage, why not put on a
show?
May
30, 2003: What
Colour Are Your Glasses?
Consistently
conflicting messages and data points are a sure sign of change in
our technology industry's fortunes. On one hand, Crystal
Decisions files its IPO and on the other hand, Alcatel shuts its
doors in Vancouver. This week Brent talks out of both sides of
his mouth when analyzing these and other headlines in the past week.
By sending conflicting messages he hopes to avoid critical e-mails.
May
2, 2003: Send
Them to the Glue Factory
Now
that we have a plague following a war, Brent is concerned
that the four horsemen of the apocalypse have arrived. But
after visiting Toronto himself and seeing some recent industry data,
he is sure that the horses are on their way back to the barn and we
are in for some better times.
April
17, 2003: We
All Lose A Little
Within
24 hours earlier this week, the local technology industry lost two
important souls. Cecil Green died peacefully at 102 after a
legendary life. Peter Standeven passed away after a long fight
with cancer. The founder of the IT Financing Forum and human
encyclopedia of Canadian technology companies was 48. Both are
mourned this week in Something Ventured.
March
21, 2003: Go
About Your Business
As
the bombs fall on Baghdad, the hand-wringing on US backlash against
Canada in business has begun. Becasue we are not among the
"coalition of the willing", it is feared that we will lose
much of trade with our biggest economic partner. This week,
Brent takes the contrarian position that the US will look past this
issue and trade will not be affected.
February
7, 2003: Lies,
Damn Lies and Industry Data
Mark
Twain said that there are “lies, damn lies and then statistics”
when referring to data and the information gleaned from data.
This week Brent looks for some truth in the data available to tell
us how healthy our technology industry is in this terrible downturn.
It was slim pickings, but the data dredged up is interesting.
January 10, 2003: The
Best Laid Plans
Through
some strange synchronization error with Outlook, Brent has submitted his To Do
List and Calls To Make as his column on T-Net this week. With tongue
firmly in cheek, read what Brent is up to in 2003 and see if it matches with
your lists.
December 20, 2002: Don't
Look Back
Brent
is looking forward to the stroke of midnight on December 31st this year.
He wants the year 2002 to be far behind as soon as possible and he knows many of
you feel the same way. Read about his thoughts for 2003 in this year-end
Something Ventured.
November 22, 2002: The
Real Innovation: No More Politics
After a flurry of political events this week
(Vancouver election, Innovation Summit), Brent looks
at the real impact of government policies in the short term and the mess that
politics makes of good intentions to grow our technology industry.
November 8, 2002: Wake
Me Up When It's Over
In
a week that began with good news that might indicate the bottom of the
technology market, hopes were dashed with a visit to the IT managers at large
and medium sized companies. They aren't buying IT! Read what they
had to say this week in Something Ventured.
October 25, 2002: Contraction
Contrition
As
the tech downturn continues and cost-cutting is de rigeur, concerns are being
raised about permanent job losses in the technology industry, particularly jobs
that can be done off-shore far less expensively. Brent gives his
perspective on that concern this week in Something Ventured.
August 16, 2002: Rational
Exuberance
Brent
still has “burnin’ love” for the technology industry as a whole even
though it continues to “shake, rattle and roll”. Find out why this
business won’t be “heartbreak hotel” on this, the 25th
anniversary of the death of the King of Rock ‘n Roll.
June 28, 2002: Self
Interest vs. Self Destruction
There
are many ramifications of the scandals plaguing public markets today. For
example, does the idea of the CEO being personally (i.e. everything they own) on
the hook for any transgressions that occur at their company make them nervous?
As a burned investor, does that sound fair to you? Like a VC backed
start-up, many larger businesses may soon have their managers personally
warrantying the company.
May 31, 2002: Back
to the Future
What
is old is new again. What worked in the past must be applied now. This
week, Brent explores these concepts in two contexts, the start-up technology
company and the province of BC as a whole as it tries to start a new Innovation
agenda and bring more prosperity.
February 15, 2002: An
Olympian Effort
With
the Winter Olympic Games upon us, Brent could not resist the obvious metaphors.
This week, Brent introduces some new sports that we all need to watch and judge
in the coming months and years as they affect the technology industry in BC.
February 1, 2002: Can't
Grow, Supplies Are Low
BC's
technology industry is chronically under- funded argues Brent this week.
He has some interesting comparisons between BC and Oregon to illustrate that the
problem lies the supply of money, not the quality of opportunities. Read more in
this week's Something Ventured.
January 4, 2002: Wishful
Thinking
Brent
rings in the New Year with a set of wishes for you and for the technology
industry as a whole. After 2001, it won't take much to improve the
situation...
November 23, 2001: Engineering
BC’s Technology Future
The
new BC Government is actively asking for ideas on how to grow the technology
industry. So this week Brent obliges and tells you what he told the
Vancouver Board of Trade and the Minister of Competition, Science and
Enterprise this week.
November 9, 2001: Take
This Job And Covet
The
technology job market has rapidly imploded with all of the layoffs and
bankruptcies. What will all of these knowledge workers do now? Brent
has some predictions this week in Something Ventured.
October 26, 2001: My-Optic
Markets
Conferences and trades shows have been decimated since 9/11.
But Brent
flew to Boston to see if a conference for a decimated industry sector, optical
equipment, would show signs of life. He
found a leaner, hungrier industry bent on changing the world. When it will
happen?
September 28, 2001: Fear
and Loathing in the Media
Fear
and sadness has turned to anger since September 11th. This week Brent
rants about the business media's willingness to use the terrorist attacks as an
excuse for everything bad in our economy. It's not right and it's not
accurate, he argues.
September 14, 2001: A
Horrible New Beginning
It
is not hyperbole to state that the world has changed this week.
With the emotions still raw, it seemed too trite for Brent to talk about
the technology industry.
Nonetheless, he musters up some thoughts about the impact of the
terrorist acts on the world, Canada and the tech industry.
August 30, 2001: Red
Sky In The Morning
According
to Brent, we live in uncertain times. Gazing in the crystal ball can be
dangerous but that hasn't stopped Brent from trying to figure out what the
conditions are currently and what might happen next in the technology sector.
July 6, 2001: Digital
Divide Or Digital Disaster?
After starting a small maelstrom with negative comments about Industry
Canada's
proposed installation of broadband access everywhere in Canada, Brent responds
this week with his view of the right way to become a digital nation.
June 22, 2001: Six
Months of Misery: 1H 2001 Report
The first half of 2001 has largely been forgettable for the technology
industry.
This week, Brent helps us remember what happened over the past six
months and what we can take away from the experience going forward.
May 11, 2001: Election
Circumspection
The
election that the technology industry has been waiting for is upon us. Brent
gives one final rant on the NDP before proposing how Gordon Campbell can live up
to his promises with the tech community.
January 19, 2001: Ottawa's
Lambda Gamble
Things may be tough in the money raising markets, but Canada's outlook remains
bright due to our tech industry. According to Brent, the brightest star in the
technology sky is Ottawa, but he points out that their reliance on one sector of
the overall industry might be dangerous.
January 5, 2001: The
Canadian Conspiracy
It's 2001 and
Brent tries make like Arthur C. Clarke with a tongue in cheek look at Canada's
brain drain and the underlying conspiracy that created it."
December 22, 2000: Lump
of Coal
It's Christmas time and Brent is not feeling jolly. The new economy/Internet
gravy train is now a smoldering wreck. Or is it? Are we all over-reacting a bit
by bidding the stock market to new lows?
November 3, 2000: Greeks,
Grits and GOP
This week, Brent
returns from his one column hiatus and talks about the elections this month -
here and in the US. He sees the elections affecting the tech industry with
an impact, especially if Jean Chretien mentions "new economy" again
and again and again."
October 27, 2000: Apocalypse
Maybe: The Venture Capital Meltdown
This week, Paul Kedrosky writes on Brent's behalf discussing venture capitalists
(like Brent), classifying them midway between i-bankers and short-sellers as
well as discussing their role in finding and obtaining funding for companies.
October 13, 2000: We
Rose to the Occasion
This week, Brent takes a look at the
historical passing of Pierre Elliott Trudeau and tries to nail down what all the
fuss is really about given that he created incredible economic hardship for
Canada. In the end, it looks like we may be better off going forward because of
what he did and what he represented, especially now that government is tuning
into the technology industry.
September 1, 2000: Back
to School
Brent Holliday discusses the importance of education and how society, as a whole, will be better
off if the people, as a whole, are more educated.
So how do we start to cultivate more smart people
through education?
July 21, 2000:
Now We're Cooking
Brent Holliday
reveals how our Province is still Hot
and RIGHT for starting a new technology
business
in terms of finding talent, raising capital, getting
customers and
getting buzz.
July 7, 2000: A
Little Too Liberal in Spending
Brent Holliday
vents his anger about the $700M of
the hopelessly misdirected Canada Jobs Fund
that
became the political albatross in April and May and Jane Stewart's undoing,
which is now headed only to Atlantic Canada to spur the "New
Economy".
March 31, 2000: Blame.ca
Brent Holliday comments this week on the success
of the Canadian
Consulate Trade Office,
representing the Canadian technology Industry in
California and retracts on previous rants and raves
directed at the governments
apparent lack of insight and support regarding the new world economy and technology. Read his column on the front page of T-Net today.
March 3, 2000: Sigh
of Relief
This week Brent Holliday discusses the impact of the newly announced
federal budget on the BC's high tech industry and uses a fictional technology
company to highlight the financial implications. Brent comments on Onvia.com's
successful entrance to the NASDAQ exchange, closing the day with a market value
of $4.9 billion (US) . Read his column on the front page of T-Net today.
January 7, 2000: Ride
the BC Bull
This week Brent Holliday kicks off the New Year with a few optimistic
predications and observations about the state of the BC technology industry in year 2000.
Read his column on the front page of T-Net today.
November 26, 1999: Get
IT or Get Out
This week Brent Holliday discusses the government's inability to
understand that Technology is fuelling a new global economy and that if it
continues to be unsupportive and apathetic to the technology industry in Canada
then it will fail as a potential world competitor in this area. Read his column
on the front page of T-Net today.
September 17, 1999: Underrated and Under Radar
This week Brent Holliday suggests that Canada is underrated as a major contributor to the global technology economy and as a consequence misses out on venture investment from Europe and the US. Brent provides a few solutions that may help attract foreign investment to the Canadian technology industry. Read his column on the front page of T-Net today.
August 6, 1999: Summer Better Than Others
Brent Holliday reflects on some hot and not so hot events that impact the BC
technology sector this summer. Brent provides some insight on a few Hot IPOs, including, Pivotal, Creo and Sierra Wireless and suggests that
temperatures maybe cooling at the public market for Net IPOs. Brent
concludes by proposing a solution for the government to help stem the brain
drain as well as putting money back into the technology industry in Canada.
April 16, 1999: Damn Yankees
In this week's column Brent Holliday looks at the perception that
Americans have of Canada and Canadian companies, and suggests that, if
they want to be perceived by Americans as "real players," Canadian
technology companies must have a presence in Silicon Valley, and they
must seek out partnerships with American companies.
March 5, 1999: Fed Up
Brent talks about taxes and how the Federal government is killing growth in the high tech sector, and in Canada generally, with its punitive and confiscatory tax regime.
January 8, 1999:
Missing the Big Dance
Brent kicks off the new year with a column about Canada and what it might become in the next century. His short answer is: Not much. Brent also laments the the way Canadian businesses have hesitated to get into the booming industry of e-commerce.
October 23, 1998:
Playing God With BC's Economic Future
August 29, 1998: Currency Crunch Reality Check
Brent Holliday discusses the alarming devaluation of Canada's currency and the potential effects for individuals and the BC high technology sector.
July 6, 1998: Attracting Tech Workers To BC: A First Step
Brent Holliday outlines what he believes are the first steps necessary to attracting skilled high-tech workers to BC. Chief among them is a well thought out promotion of BC living and the value of an education in technology, targeted at two groups: BC secondary and post-secondary students, and engineers and programmers in technology hubs around the world.
April 20, 1998:
Report
from the Future: Impact of the TIA High-Tech Report on BC
A tongue in cheek look back at the BC technology industry from the year 2007.
Building Fast Companies
February 22,
2008: BC's Got
Talent
BC’s Technology industry has growing pains, which is a good problem to have. The
recent TechTalentBC survey tells us that we want to add 5,000 net new
jobs. There are currently well over 1,200 positions available on this site.
Where do we get these people? And from the eyes of the start-up, how do you find
great people? This week Brent looks at the results and adds his two cents on the
search for talent in BC.
November 23,
2007: Vancouver
Giants?
In a follow-up
column to the health check of the industry last time, Brent looks at the biggest
technology companies in BC and asks how we could have a gargantuan company, a la
Microsoft, RIM, Google or Intel. It has to do with platform technology and/or
product extension… that’s how the other guys did it.
September 21,
2007: Channels
Surfing
Many of the young technology companies here and everywhere make use of indirect
sales channels. Many of you have tasted success and failure using those channels
to drive sales. Some of you might be staring into the headlights of a channel
strategy train wreck coming your way. This week Brent looks at why you need the
channel and why it doesn’t always work out the way you planned.
August 10,
2007: Founder vs.
Founder
The public spat over the founding of Facebook is getting some press now that the
web site is worth so much money. This week Brent talks about that situation and
some local founder dust-ups that he is familiar with in order to tell you how to
avoid pitting founder vs. founder when your start-up is a success. All it takes
is a little planning.
April 13,
2007:
Black Cats And
Blown Budgets
On Friday the 13th,
Brent was compelled to write about luck. In this case, the focus is on
predicting your companies financial success through the budget process and the
pro forma statements. Read Something Ventured this week to hear about how to
make reasonable predictions and how to keep your credibility when luck keeps you
from hitting your numbers.
January 26,
2007: Will You Get
The Pass?
Wayne Gretzky
once said, allegedly, “I don’t go to where the puck is, I go to where it’s going
to be.” This week in Something Ventured, on Wayne’s 46th birthday,
Brent looks at applying that theme to effective on-line marketing in this Web
2.0 universe. Hey, we are all talking about it… who is actually applying it?”
November 10,
2006: The Valley
Way (Redux)
Six years ago, Brent wrote a 10 point essay on how the Silicon Valley was
different than here, from the perspective of the company, entrepreneur and
employee. This week, he turns it around and looks at traits found outside of
the Silicon Valley that make it very tough to grow an insanely great company.
October 6,
2006: Trade Shows:
Boondoggle or Boo-Yah!
Technology industry trade
shows: useful marketing venues or boozy networking parties. Whatever your
definition, the trade shows are a necessity, especially for the start-up looking
to make a splash in the market. This week Brent gives you his seven immutable
laws of the trade show to help your next trip be worth every penny.
March 4,
2006: It’s So
Basic The
basics of business are boring and therefore usually overlooked and not done
well. This week Brent looks at the back office functions of a start-up and
relates some of the horrible practices he has seen in accounting and human
resources and why a company needs to be good at these basics before attacking
the harder strategies.
December 16,
2005: Money in
Your Stocking
Who doesn’t
like a little money in their stocking for Christmas? This week Brent looks at a
few ways to add cash to your growing technology company that may be a little off
the beaten track. He also speaks to the lump of coal that the CDN dollar’s
strength is delivering to everyone’s stocking.
September 23, 2005:
My Advice Column
This week Brent
gives some advice to entrepreneurs on, well, advice. For a variety of reasons
start-ups tend to overlook good advice because they don’t want to pay for it or
don’t see the value in it. Find out why this is a mistake made too often, in
this week’s Something Ventured.”
June 24, 2005: Be
Ready for Battle
This
week Brent delves into competition for your company’s product or
service and reveals some key ingredients missing from most
start-ups’ and some growing companies’ competitive analysis.
As a bonus, a long letter is attached from a reader responding
to his column about Creo and the successful creation of the
groundbreaking thermal CTP technology in the early 90’s. Interestingly,
this person is (and always has been) from Kodak.
March 4, 2005:
Heading For The Exits
When an investor
talks about an ‘exit’, they are not talking about showing a CEO the
door at a start-up. An ‘exit’ is the time to get liquidity for an
investment in the form of a public offering or an acquisition. This
week Brent explores the method behind the acquisition exit and why
it is often a bumpy ride from the first overtures to the announced
deal.
May
21, 2004:
Why
Can't We Go Hire?
After years of involvement with
start-ups, Brent has seen some good, bad and very bad hiring
practices. With some anecdotes and advice, he hopes to help those of
you looking for a few good people."
May
21, 2004: Born
Leaders
Any
venture capitalist will point to only one thing that determines the
outcome of an investment in early stage technology companies:
management. This week, Brent dissects this motherhood and
apple pie statement in writing specifically about leaders and his
thesis that they are born, not made.
January
23, 2004: Getting
to No
We
Canadians can be a polite, shy bunch. But in global business,
particularly in early stage business, not asking direct questions or
reading between the lines on "nice" answers can lead to
poor decisions. This week Brent says "Go ahead and
ask". The worst that they can say is "No."
November
21, 2003: Conspiracy
Theory
On
the 40th anniversary of the single event in American
history that spawned a thousand conspiracy theories, Brent looks at
the theory that big technology companies, like the big organizations
supposedly behind the assassination of JFK, are capable of doing
whatever they want to whomever they want. And he gives his two
cents on the JFK conspiracy theory.
September
19, 2003: Timing
Is Everything
The
saying goes that timing is everything. As the economy slowly
turns and technology starts to look like a vibrant industry again,
Brent explores how to set yourself up to benefit from exquisite
timing. It’s not pure luck.
May
16, 2003: IT's
Marginally Better
After
being accused of over-hyping the Information Technology recovery,
Brent fires back with a look at the fundamental reason IT is the
place to stay: great margins. Read about it in Something
Ventured this week.
March
7, 2003: Hope
On
In
this time of uncertainty in geopolitics, the stock market and other
continuing concerns, Brent shows that the technology industry is
showing some positive indicators. Read about the hope he has
for companies that can meet the current challenges and carve out a
living in an uncertain world.
October
11, 2002: A Very
Limited Partnership
All
small start-ups with a product ready for the market look to larger, more
established partners to help them expand their customer base and gain
credibility. But many times, these partnerships are not worth the press
release they are written on… This week Brent explores some myths and traps of
strategic partnering.
August
30, 2002: The CEO
Looks in the Mirror
With
increasingly heavy scrutiny being directed at the role of a CEO and
what they can and cannot do in that role, Brent looks at the typical
lunch-bucket, start-up CEO and issues a few warnings about early
stage corporate responsibility.
July
12, 2002: A
Slow And Sticky Road
Fast
Company was the mantra of the late 90’s. Everyone wanted to know
how to get big fast. Well, in fact, it doesn’t happen that way.
Four years ago Brent wrote about a slow growing success in Vancouver
and advocated the lean, mean approach to growing big. This
week, he re-visits that theme and urges everyone to stick with it
through these tough times.
May
10, 2002: Are We
Out Of Options?
Is
the stock option grant for employees a thing of the past? Do employees of
early stage technology companies care after all the carnage in the markets?
This week Brent explains the current state of stock options and why you should
care, whether you are an employer or an employee.
March 28, 2002:
I Told You Not To
Do That
Feeling an
explanation was required for missing his column deadline last time, Brent has
revealed that he made a stress-inducing mistake. In keeping with the
theme, he shares common start-up company mistakes this week so that you might
avoid them in your venture.
January 18,
2002: Technology
Jobs Contract
With
almost 12,000 BC civil servant job cuts announced this week, Brent's thoughts
have turned to the job market in technology and the prospects for the unemployed
tech worker. Read what those prospects might be in this week's Something
Ventured.
October 12,
2001: Fact or
Friction?
That
which does not kill us makes us stronger. This week Brent talks about a
prolonged technology slump and the prospects for getting through the other side
as a successful enterprise
August 17, 2001:
The
Proposition Is Clear
We all know that the Internet mania and the telecom disaster are behind us. What
are some of the lessons that we can learn from the recent past that can help our
technology companies grow today? One of the lessons is to really ask oursleves
why people will part with their money to buy our product or service. This week,
Brent explores the black art of creating a solid value proposition.
July 27, 2001: Grab
Your Boards And Let's GO
Maybe it's the heat, but the summer of 2001 is
getting to Brent. In the middle of all of the bad news for technology
companies, he dishes out some advice on getting a better Board of Directors and
how that might help your company raise some capital in this, the Sahara Desert
of technology cycles.
May 25, 2001: Rules
Of Engagement
From his
perspective as a venture capitalist, Brent sees many Opportunities at the
earliest stage. Two things continue to bother him about Vancouver's start-up
scene: Industry experienced management and the lack of knowledge in financing a
start-up. He gets specific in this
week's column.
March 30, 2001: A
Cash Strapped Start-Up Odyssey
As if life in a start-up could be any tougher, we now have the worst
business
environment in 10 years to deal with, according to Brent.
What should you and your company do right now to live to see another
day? It's all about cash and Brent will tell you why in this week's installment
of Something Ventured.
March 16, 2001: Customer
Driven Capital Under a blanket of snow, interesting times are
happening in Ottawa. Among other things, Brent paid a visit to the Ministry of
Finance and to a technology conference last week and shares his observations on
building successful companies from scientific roots.
February 2, 2001: A
Successful Experience
Have
you ever been experienced? Brent argues that venture capitalists have
been, and that they have learned what entrepreneurs should know. The theme is
explored in 4 key areas that are critical for early stage companies.
December 8, 2000: The
Valley Way, Eh?
This
week, Brent
discusses the conditions of belonging to
a large, fast growing company. In
short, you have to learn the lessons of the Valley. They have perfected the
process of starting the technology company. They have learned, through an
iterative process, the tactics and strategies of growing a small technology
business quickly into a large, well known company. They have found what
ingredients need to be sprinkled in with the entrepreneurs to support the
start-up and growth of these companies.
September 29, 2000:
Citius,
Altius, Fortius
This week,
Brent Holliday talks about entrepreneurs and what it takes to compete and
win. He describes them as "peak emotion junkies" enduring great
hardships and long hours of preparation in order to experience the rush of
meeting and exceeding expectations - the emotional high of success.
August 18, 2000: Brain
Currency
This week, Brent Holliday discuses what he defines as Scarecrow Economics - It's
all about Buying Brains. Technology companies have found that one of the
keys to success is finding scarce talent. Recruiting is hard. Buying companies
for their staff is easier.
May 12, 2000: Whither
The CFO
Brent Holliday reveals the secret to a company's success - A
competent money counting manager who is responsible for driving
the entire money-making process as well as managing the legal aspects -
and still getting the best deal for the company and its shareholders. Bottom
line: They need to know how to close a financial deal.
February 18, 2000: The
New Human Race
This week Brent Holliday reflects on successful technology companies and equates
their achievements to successful people and attempts to define a 'successful
person' in 2000. Read his column on the front page of T-Net today.
October 29, 1999: Decisions,
Decisions
This week Brent Holliday suggests that the success
of a technology company is determined by
good management and more specifically by management's ability to make
effective decisions and to encourage an environment that breeds this philosophy.
September 3, 1999: It's Interesting, But...
Brent Holliday presents his 'idea' for making a billion-dollar company as he reaches the 'insight' stage of the four-stage process in becoming a commercial success and seeks critique from his readers. Read his column on the front page of T-Net today.
August 20, 1999: What A Concept!
This week Brent Holliday explores the repetitive processes behind taking an idea and making it into a commercial success. Brent provides a flowchart model as a guide and highlights insight, opportunism and planning as necessities to achieving commercial success.
July 9, 1999: The Kids Are Alright
Summer's here and the living is easy. Brent Holliday this week reflects
on the Nintendo generation and suggests that those of us running
technology companies should consider harnessing the incredible energy
and enthusiasm of this next (internet) generation. Read his column on
the front page of T-Net today.
May 31, 1999: A Look At Some New Models
Brent Holliday assesses existing high tech business models and profiles some emerging new ones with particular reference to changes made possible by the internet.
March 19, 1999: Keeping Your Company IQ
You've heard the cliche: "Our people are our biggest asset." In early stage tech companies, the reality is, your people are your company. How can you hold on to these people? This week Brent Holliday offers some real life stories and solutions.
February 19, 1999: The Talent Show
Brent talks about "talent" and offers his view of what talent is, and what it can get you as you move through your career in technology.
October 9, 1998:
Rising Above the Noise, Part 2
Brent Holliday continues his discussion this week on the role of public relations in positioning and building BC technology companies.
September
11, 1998: How To Gain (Or Drain) A Brain
August 14, 1998:
What It Takes To Be A Tech Entrepreneur
Brent Holliday discusses what it takes to become a successful entrepreneur in the technology sector. The discussion falls into two parts: Who are you? And what do you know? He also addresses some of the more popular myths about entrepreneurialism in general.
August 1, 1998: Working in the Silicon Valley, Eh?
Brent Holliday conducts an informal poll of 5 Canadians working in Silicon Valley to discover what attracted them there and what it might take to lure them back to Canada.
June 21, 1998: Insight For BC Technology Entrepreneurs (Part 1)
Brent Holliday discusses common myths about employee compensation and the factors which motivate employees to work.
June 1, 1998:
Is Now The Right Time To Start a High Tech Company In BC?
Brent Holliday discusses what it takes to start and run a successful technology company.
BC Company Case Studies
May 30, 2008:
A Tale of Two
Companies
One big winner and one big loser. It was an
interesting May for BC’s technology industry as Gemcom sold for $180M while the
vultures are picking the bones clean at Ascalade. What happened in each case?
Brent discusses this week in Something Ventured.
June 29, 2007:
March of the Different Penguins
Unless you have kids between 8 and 14 or you are in the new media business, you
may have missed one of BC’s biggest success stories. It’s a web based community
site called Club Penguin and it is rumoured to have turned down nearly CDN$500M
this month! This week Brent gets all of the incredible story around Club
Penguin that’s available… because the founders won’t talk.
February 9, 2007:
Holliday's Uncertainty Principle
Venture investing should be about making bets on really, really big ideas.
So-called ground breaking ideas that can sell into huge markets don’t actually
come along that often, so we VCs make investments in “great ideas” with solid
management teams. On incredibly huge idea right here in BC is D-Wave Systems.
With their big demonstration of a 16 qubit quantum computer next week, Brent
discusses the problem with ground breaking ideas as an investment and uses
D-Wave as a great example.
July 28, 2006:
A
Convenient Exit for Convedia
It’s been a while since BC saw a technology company sell for more than US$100M,
but this week saw Convedia sell for US$105M to Radisys from Oregon. Brent looks
at the last of the Newbridge Affiliates to make it to an exit this week in
Something Ventured.
February 10, 2006:
Triple
Treat
Without enough
for any one idea to make a column, Brent decides to do three this
week. Find out about the NRC turning into a bank, three new
bootstrapped BC success stories and technology at the Olympics… all
this week in Something Ventured
February
20, 2004:
Learning Latin With Creo
Creo in Latin
means “to create”. This week, Creo proposed to get adjungo (Latin
for “join”) to Kodak. Brent explores the history and the meaning of
the sale of one of BC’s biggest technology successes this week in
Something Ventured.
February
20, 2004: A
Good Place to be
Times
are good for some local BC technology companies after years of good
and bad times. For the rest of us, there is still uncertainty in
the air, but it seems fun to be a part of this industry again.
This week, Brent talks up some new (old) successes and how the joy is
back in the journey.
October
10, 2003: A
State of Success
The
successes in BC’s IT community continue as ActiveState
successfully sold to Sophos in the UK for US$23M just
over two weeks ago. Brent sat down with the
founder, Dick Hardt and learned an interesting tale of
vision, perseverance and execution that might help
inspire other entrepreneurs to never, never give up.
February
21, 2003: Three
That You Might Want To Be
In
the underperforming and underwhelming current technology
market, Brent went out to find some local success
stories in technology. He found three very
successful companies with a unique twist – none of
them ever raised financing, private or public, on their
way to the top. Read about them this week in
Something Ventured.
September
27, 2002: Fuelling
Ambition
This
week Brent hands the keys to David Berkowitz of Ventures
West for a pollution-free drive through the industry
sector of fuel cells and alternative energy in
British Columbia. From the leading VC in this
space, learn what is happening now and what needs to
happen going forward.
August
2, 2002: Survival
Story
In
dismal market conditions for technology, Brent looks for
silver linings. This week he writes about
three local survivors: entrepreneurs that have beaten or
are beating adversity.
November 17, 2000: A
Local Legend Turns 100
If you
could live to be 100, imagine the changes you would see
in technology? What if you were a fundamental part of
those changes by starting one of the world's largest
technology companies? What would it be like to look back
over 100 years? Read the amazing story of a Vancouver
legend in this week's Something Ventured.
August 4, 2000:
Zero to a Billion in 800 Days
This week,
Brent Holliday reveals how almost a billion (US) greenbacks have been spent
acquiring just two companies in the Vancouver area in the past 12 months -
Abatis and HotHaus. If BC made the map last year, these deals will help
solidify its presence as a "place to be".
July 23, 1999:
The Haus Wins!
Brent Holliday discusses the recent acquisition of HotHaus Technologies by
Broadcom. Brent puts forward arguments as to why Broadcom would have paid $414 million for a company with $4-5 million in revenues and speculates how much the employees at HotHaus made from the deal. More importantly, Brent discusses the impact that this deal will have on the BC technology industry.
May 14, 1999: Revisiting Ballard
Brent Holliday revisits his premier column on T-Net with a new look at
Ballard Power Systems and the 5 P's which have helped make them a
technology heavyweight in British Columbia: Patents, Perserverance,
Patience, Partners and Publicity.
April
2, 1999:
BC Technology Forecast 1999
On the heels of PricewaterhouseCoopers' survey of the technology scene for 1999, Brent Holliday releases his own forecast for the future of the technology industry in BC.
December 18, 1998: A BC VC Santa Wish List
Brent takes a quick look back at the 1998 technology scene and delivers a venture capitalist's Santa wish list for the coming new year.
May
18, 1998: A
Radical Look Back
Brent Holliday traces the evolution of BC based Radical Entertainment from its
origins as a "for hire" developer in the software games business to its
current status as a developer of original content now poised on the brink of major
success, and uses this to demonstrate a model for content or service-based technology
companies to build their businesses.
May
13, 1998: Sierra
Systems Stirs Up The Services Sector
Brent Holliday questions assumptions bout whether early stage service-based
technology companies can or should be financed by venture capitalists in BC after
observing Sierra Systems Group's recent strong IPO and and post IPO stock performance
(up 85% in two weeks).
April 13, 1998: A
Local Legend
One of the most fascinating technology stories of the 20th century, a true rags
to riches story, has its roots right here in Vancouver. A story about Dr.
Cecil Green, Co-Founder of Texas Instruments.
April 6, 1998: Putting
BC's Economic Future On The Back Of Ballard
We have a unique chance to ride the back of Ballard's popularity and create
a huge local industry that sets the pace for the rest of the world's alternative
energy needs.
Technology Trends
November 24, 2006:
Data, Data Everywhere
Data is
only useful when it is assembled into meaningful
information. There is tons of data available on the net,
both in the form of databases and information about data
(metadata) that could be useful. This week Brent looks at
the business models around data and some local companies
that are benefiting from these models.
September 22, 2006:
Fun Facts, Part
Two
In a
follow up to the last column, Brent takes you on another
ride through the IT facts that he accumulates daily. In
adding some context to enterprise IT stats and figures, he
hopes to see where the trends are for a multi-trillion
dollar industry. Oh, and he can tell you the profile of a
typical private jet owner.
September 8, 2006:
Fun Facts, Part One
This
week Brent turns the spigot of information that he receives
everyday over to you to see the trends that are developing
in consumer and home markets. It is a collection of “facts”
and interpretation of the “facts” around market sizes and
market trends that is both relevant and irreverent.
July 1, 2006:
Summer Reading
As you
gear up for your summer time break from the technology salt
mines, Brent has prepared a list of summertime reading which
he has picked up during the past few months. Some of it is
useful and some of it is just plain funny. Enjoy your
break!
May 19, 2006:
There Be Dragons
Tremendous
change is happening in technology right now. A few of the things
predicted by wild-eyed prognosticators in the past are starting to
actually happen. Hype has given way to reality and BC’s tech
companies need to be ready. Brent outlines and comments on a few of
these trends in this week’s Something Ventured.
October 7, 2005:
Two Point Oh No
It really has to
get under the skin of well-intentioned, optimistic folks who help
create a new new thing when the instant it hits mainstream, it is
viewed as a bubble and everyone becomes a cynic. Well, it’s
happening again with what was born as Web 2.0. Yes, a
well-intentioned branding of a shift in how the web is utilized has
become a mockery of itself in a very short time. Brent explains
this week in Something Ventured.
August 26, 2005:
Being
Digital - Ten Years Later
Pundits make
predictions that often come true. It’s just that they are usually
way too early. This week Brent looks at the idea of Being Digital,
a book from a decade ago that predicted the changes in our lives
with digital content. Turns out the author got it mostly right,
just breathlessly early.
July
22, 2005:
Time
to Hit a Driver
Summer
is finally here and the golfing is fine. Speaking of
golf, Brent wants to talk about drivers this week.
Well, actually, more about technology growth drivers over
the next few years as opposed to the slicing and hooking
variety. Read his summer ramblings this week in
Something Ventured.
June
18, 2004: The
Consumer is Hot
The
consumer markets are getting hotter in the world of early stage
technology. This week Brent explains why VCs have shied away in
the past, but have recently come back to consumer-oriented investments.
The numbers are pretty compelling.
April
8, 2004: Tuning
in to Reality
According
to a Canadian judge’s ruling last week, a shared directory
of copied music is the same as a photocopier in a library.
This startling revelation has earned
Canada
further kudos among the crowd that really likes our
marijuana laws. But it also marks the beginning of the
end of the foolishness of the recorded music industry in its
approach to an enormous trend for all forms of digital
content. Brent explains in this week’s Something
Ventured.
March
26, 2004: The
Opportunity is Soft
In
the summer of 1977, a modest venture investment in a
desperate software company called Microsoft would have made
you one thousand dollars for every dollar invested within 8
years. Undoubtedly the most lucrative investment
opportunity ever, Microsoft is now the enemy of many
start-ups in software because of its dominance. Where
does that leave the software opportunities today? This
week Brent looks around the software business to find out.
October
24, 2003: Killer
App’s Bad Rap
E-mail
is the killer app of the Internet. But e-mail is
becoming more of a burden every day. Un-solicited
e-mail is burying you and your filters are now removing good
mail with the bad. Is e-mail broken? Brent
discusses in this week’s Something Ventured.
April
4, 2003: The
Hype Echo
After
the unusually large hype and after the equally as large amount of money
is gone, the cynics come out and further depress a market. Such
has been the case in technology in 2002 and 2003. But perhaps the
money led to some innovation that the survivors and the new companies
are capitalizing on. This week Brent talks about the hype echo,
which could be where the real money is made.
January
24, 2003: Plausibly
Possible
If
the beginning of the day is all about possibilities and the
end of the day is all about results, then Brent wants to go
back to the early morning and dream about the possible
technologies of the future. It’s nicer there.
Have a look at what he has dreamt up this week in Something
Ventured.
December
6, 2002: After
The Hype is Gone
This
week Brent gets more positive as the new year approaches.
If the slow IT markets are improving in 2003, your company
needs to be ready to pounce on new opportunities. To
help you be ready for a successful 2003 and 2004, Brent
reviews some of the past hyped technologies and gives the
current state of those market opportunities.
September
13, 2002: Is
Ours The Right Way?
As
scientists, marketers, CEOs, engineers or venture
capitalists, we believe certain fundamentals to be true. For
Brent, September 11th shook loose a few fundamentals. This
week’s Something Ventured goes deep into the struggle for
what is "right" and how important that becomes to
what we teach and what we know.
June
14, 2002: Wi
Fi Fo Fum
This
week Brent discusses why
the Internet gained so much momentum so quickly and
identifies the revolution
starting out on the periphery of the Internet - WiFi, also
known as 802.11b.
April
26, 2002: Does
IT Still Hurt
We
are still in turbulent times for the tech industry.
This week Brent hones in on a gigantic industry, Information
Technology or IT. How does it affect your tech
business? What are the near term prospects for
recovery?
April
12, 2002: Covering
The Telecom Recovery
We
live in uncertain and cynical times in the technology
industry today. Getting good information to help make
decisions is critical. This week, Brent explores the
telecommunications industry trends and tries to point out
what is just plain pessimism and what is really happening.
March
1, 2002: Through
the Looking Glass
What
are the short and long term trends for Enterprise Software,
Wireless and Optical Communications? Brent spent the
week listening and talking to tech industry analysts and
CEOs and summarizes their views in this week’s Something
Ventured
December
7, 2001: Software
Everywhere
The
single largest area of investment for early stage venture
capitalists continues to be software
applications but applications are the least defensible
type of technology company, argues Brent. So why and
how do VCs pick software application companies in which to
invest?
June 8, 2001: Land
of the Wireless One
This
week, your intrepid tech reporter Brent Holliday, reports
from his 5-day stay in Tokyo and Kobe. He was invited as the
keynote speaker to the Think Canada trade mission for
early-stage Canadian wireless companies.
Brent notes that “We are miles behind the Japanese
in wireless usage, but a few companies in Canada seem to get
it and they are giving it to the Japanese. I have a big
suggestion for any Canadian company in the wireless business
with applications for cellphones or PDAs: get to Japan fast.
April 16, 2001:
Who's
Buying IT?
Information Technology spending in the enterprise has
dropped over the past 9 months causing many investors severe
pain as the big technology company stocks dropped with it.
But spending on IT software and services is still big
business. Where should a young start-up look for some
of that cash? Brent analyzes the market for enterprise
IT spending this week."
February 16, 2001: Light
At The End Of The Tunnel
Brent synthesizes information from some of the top
predictors of technology trends and behaviours to show you
that all will be well again in the world of technology and
the stock market. When? April 24th, to be exact.
Read on to find out why..."
June 9, 2000:
It's All Optics
This week Brent Holliday discusses the impact and
advantages of optical networks in the technology
industry. The reason that this topic is hot is
simple - Bandwidth.
May 26, 2000:
Go
Ahead, ASP Me
This week Brent Holliday explores the
many aspects of ASP's -
the
new breed of web application providers and hosts - exposing
the reader to an exciting and ground shifting change in
the way we use applications.
April 28, 2000:
Fast
Cash Folly
This week Brent Holliday discusses the impact of new
market conditions and the loss of the "Get Rich Quick" capability,
on technology employees. Brent suggests that we say goodbye to the dotcom
madness of 1999. Read his column on the front page of T-Net today.
April 14, 2000:
The
Great Spring Melt
This week Brent Holliday discusses the cooling off of
what was once described as "hot" technology stocks and advises us
not to panic. Brent comments on the sectors of the technology industry that have been
hurt by the fall and what this means to employees and companies for the future. Read
his column on the front page of T-Net today.
February 4, 2000:
Back
To Basics
This week Brent Holliday comments on the technology
trend of consumer related E-Business using the Net.
Brent suggests that this maturing market will be
increasingly difficult to attract investors unless
entrepreneurs are able to present a workable business
model that predicts economic success.
December 10, 1999:
And
I Feel Fine
This week Brent Holliday reflects on the past one
thousand years of technological advancement as the
millennium approaches. Brent provides some thoughts on
the Y2K issue and looks forward to 2000 and the dawn of
new progress.
November 12, 1999:
Still
Wired On Wireless
Brent Holliday reports back from the CTIA Wireless IT '99 show and discusses the
revolutionary industry of wireless data and the themes that dominated the event.
Brent provides positive feedback from local BC events, Softworld '99 and the
Canada IT Forum. Read his column on the front page of T-Net today.
October 15, 1999:
A Whole New World
This week Brent reports back from the trade show 'Internet World' in New York,
which focused on e-commerce, software solutions and services for companies needing
to interact or do business via the Internet. Brent provides some insight into
emerging trends and predicts a new industry of customer-service orientated companies.
June 25, 1999:
Did Java Good Time?
Brent Holliday reports back from the JavaOne conference in San Francisco this week on the past and present status of Java technology and says that Java is now for real and has outlived much of its initial hype. He argues that the application, customer need, and integration matter most and the underlying technology is secondary.
February 5, 1999: The Lure of the Euro
Brent looks at world markets for Canadian technology products. He identifies 3 major markets - Asia, N. America and Europe - and provides a brief analysis of why he thinks Canadian tech companies should be concentrating their efforts on N.America and especially Europe.
January 22, 1999: Internet Buzz-word Bingo
Brent takes aim at Internet buzz-words and concepts, such as "portals," "disintermediation" and "e-commerce," and bravely attempts to provide a plain-language explanation of those that, ostensibly (ouch!), fall into the realm of the "explainable."
April 27, 1998: Hot
Technologies of the 21st Century
Brent Holliday writes this week about hot technologies of the 21st century that
will help create major market opportunities and lists some of the BC technology companies
that are positioned to take advantage of these technology trends.
Financing Do's and Dont's
October 5, 2007:
Un-Conventional Wisdom
If an idea gains
enough steam and the crowd starts to accept the facts as assuredly
true, “conventional wisdom” is created. This week Brent looks at
the danger of conventional wisdom for both the entrepreneur and the
investor looking to make it big in technology.
July 23, 2007:
A
Strangeloop Coup
As a local start-up raises a huge Series A round this
week from individual investors,
Brent muses about the reasons that they chose this path and compares
the company to two similar ones that chose a very different
financing path. It is an exciting company and an exciting
opportunity that you can read about right now in Something Ventured.
May 18, 2007:
Lack of Funds
It was a crappy week to be a VC in Canada as Q1 and April investment numbers
were low and the CD Howe institute sent out a scathing report on LSVCCs. But
the big bummer for the industry as a whole is the declining funds available to
invest. This week, Brent talks about the challenges ahead for Canada and its
technology industry with less venture capital sloshing around.
June 2, 2006:
Hope Your AIM Is
True
Desperate
for the almighty IPO, founders, angels and VCs are looking overseas to London’s
AIM market and they see a pot of gold. This week Brent looks at the gold rush
mentality breaking out all over after returns like that of Sandvine in Waterloo
(a recent AIM listing) make the tech industry IPO happy again.
April 21, 2006:
On The Wings Of
Angels
Angels play a vital role in the financing
ecosystem for start-ups. Just how vital? How much dough do they put out there
every year? Brent digs up some impressive numbers for angels and discusses the
impact of these "investors in the shadows", this week in Something Ventured.
October 31, 2005:
Ambition Recognition
Brent spent some time talking to investors around BC,
angel and VC, and wanted to pin down a characteristic or
gut feeling that would cause them to invest in
entrepreneurs without previous success in a start-up.
His result was “vaulting ambition”, which led him to
contemplate examples of those with the quality. Check
out the list in this week’s Something Ventured.
July 8, 2005:
Understanding The Underlying
The world of
early stage financing is full of conflicts among the various parties
in any given company. This week Brent explores some of the
conflicts that cause so much angst in the process of funding a
company and offers his understanding of a “root cause” to these
issues.
July 16, 2004:
The Heat Is On
A reader’s
letter caught Brent’s attention more than others because it spoke
about the frustration the writer had with VCs in Vancouver. To read
his “un-biased” response to the letter and some other comments on
our early stage tech industry, check out this week’s Something
Ventured”.
June
4, 2004: Behind
the VC Curtain
After
an industry conference in
Calgary
, Brent decides that the Flames are alright and that it
was high time he shed some light on the motivations of
the venture firms that you pitch for money in
Canada
. Learn who a VC is accountable to in this
week’s Something Ventured.
July
25, 2003: I.P.
Whoa!
In
a busy summer season for news in the BC technology
industry, no story was bigger than Crystal Decisions’
decision to skip a certain winning IPO. What made
them do it? What does this mean for the IPO dreams
of founders, option holders and early stage investors?
This week, Brent gives his point of view on the IPO that
wasn’t.
June
13, 2003: Open
Season on Venture Capitalists
Brent
was feeling generous this week and gives you two columns
for the price of one. Another writer discredits on
VCs in his article and Brent responds with some
predictable and some unpredictable answers to the other
writer’s points in this week’s SV.
April
27, 2001: If
Not You, Then Who?
This
issue of Something Ventured, Brent comments “It's
tough to find money for a start-up these days. The
overall market malaise and carnage has made investors
hesitant, if they are investing at all. Where do
you find money to fuel your new technology company?”
Something Ventured has some ideas on where to shake the
money tree.
March
2, 2001: Still
Crazy After All This Fear
During
these trying times in the market, it makes sense to talk
to someone that has been through this all before.
This week Brent talks about a Silicon Valley VC
that has lived the ups, the downs and the ups again and
gives us his sage advice on what to expect in the coming
months or, gasp, years.
September
15, 2000: A
Chill In The Air
This week, Brent Holliday reports this week that venture
capital spending will dive in the US in the 3rd and 4th
quarter and will slow down significantly in Canada across
all sectors, especially the internet. A must read for
entrepreneurs everywhere.
June
23, 2000: Wait
Mate, Should You Incubate?
This
week, Brent Holliday sheds light on the fastest growing
trend in technology company financing –
the new breed of seed fund – incubators. Are
they for you?
March 17, 2000: March
Madness Brent Holliday discusses the insanity of investors who finance
'hyped' companies that do not have the capability to conduct business and
compares their potential for success with private companies who have the ability
to transact business. Read his column on the front page of T-Net today.
January 21, 2000:
It
Ain't Easy Money This week Brent Holliday discusses those entrepreneurs who have brilliant
business opportunities but fail in their initial attempts at convincing
investors to finance their companies. Brent provides advice on how to eventually
get the capital needed. Read his column on the front page of T-Net today.
October 1, 1999:
Why Investors Say No
If you are an entrepreneur in search of capital, Brent Holliday's column contains information on what you should know before you approach investors. Read his column on the front page of T-Net today.
June 14, 1999: An Investor Like No Other
What if your future as a technology company was pre-determined as a raging success? Brent Holliday poses this question and suggests that an investment by Silicon Valley based venture capital firm,
Kleiner, Perkins, Caulfield and Byers is the closest thing to a guarantee of success available.
April 30, 1999: Money City Maniacs
Brent Holliday discusses long term venture capital investing and
puts this in the perspective of recent internet stock market hysteria
and laggard entrepreneurs making "late to the party" and "me too" public
offerings on the OTC, VSE and ASE stock exchanges.
December 7, 1998: The Perfect Investor
This week Brent discusses the qualities you should look for in a potential investor when you seek financing for your company.
November 20, 1998: Internet Insanity... Or Is It?
Brent looks at unbelieveably valued public Internet companies and attempts to derive the real value in these companies.
November 6, 1998: The VC Road Trip
Brent Holliday looks at the similarities and differences between Canadian and US technology investing and provides a few tips for entreprenuers who may be seeking financing from venture capitalists.
June 15, 1998: Entrepreneur's Dilemma: Public vs. Private Venture Capital Investment
in BC
Brent Holliday discusses the merits and pitfalls of getting early stage financing from public or private sources.
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