I was with one of my CEOs this morning. As we walked through the highs and lows of his business I made a suggestion that I want to pass on.
Nothing’s ever perfect in a startup, or life for that matter. Perfection is an illusion. However, on the startup journey the bulk of value gets created once everything starts to work.
Continue reading Driving company performance: What are you settling for?
I expected a Summer slow down, but July was pretty darn underwhelming with just 3 software acquisitions in Canada. Highlights:
- 3 deals announced (8 last month)
- 1 of the deals had a disclosed value ($ 4.1M).
- The companies were in Burlington, Montreal and Quebec City
- None of the companies were VC-backed (2nd month in a row for this)
- 1 buyer was Canadian, 1 US, and 1 from Europe
- None of the buyers were public
- Median time to exit: 19 years (15 years for last months’ deals)
- Shortest time to exit: 10 years
- Longest time to exit: 26 years!
- All of the buyers except one was strategic.
I will be doing a separate post on the IT exits so far this year in Canada. So far, it’s been a pretty underwhelming with some exceptions (Wind Mobile and Bitstrips).
As always, I report on these each month. If you’re interested in seeing the underlying data, I keep it here.
Continue reading Exits in Canada: July 2016
The big news in the e-commerce World this week is Unilever’s purchase of Dollar Shave Club (DSC) for a cool $1B (cue the Dr. Evil laugh).
The simplest of ideas has gone from start to $1B in 5 years. This at a time when e-commerce has been going through ups and downs.
E-commerce is one of our three focus areas at SurePath. So, we have followed this company with interest. Here are my top 7 lessons from this runaway success. Some of them are counter to prevailing investor wisdom and how to win in e-ecommerce. Continue reading 7 lessons from the Dollar Shave Club Acquisition