“Unicorns are bleeding and Winter is Coming.”
That’s what one person told me after a busy week in Canadian tech. It was a week of layoffs, and Canadian companies selling to American companies or being sold for parts. It was also a week where Canadian companies also acquired American companies, and two major players – John Ruffolo and Tony Lacavera – committed to investing significant funds in Canadian companies to help keep them in Canada and compete globally.
On the CanCon podcast this week, our crack team – Erin Bury, Managing Director of 88 Creative (and former BetaKit Managing Editor), Patrick O’Rourke, MobileSyrup Senior Editor, and Rob Kenedi, TWG’s Entrepreneur in Residence and host of the amazing #smallrooms podcast – discuss the competing narratives and attempt to put Canada’s efforts in perspective contra the American tech giants: Apple, Facebook, and Twitter.
CanCon Podcast Episode 2 (02/01/16)
Winter is Coming
Gallop Labs “sold for parts” to Big Viking Games as CEO, founding team part ways
VarageSale lays off 30 staff, including VPs of Engineering, Product
Montreal-based Radialpoint becomes Appdirect’s fifth acquisition
Canadians LOVE winter
OMERS Ventures plans to raise $300 million CAD in 2017 for third fund
Tony Lacavera commits to Series A & B investments following “meaningful” Wind exit
Scribblelive acquires Visually and expands its Silicon Valley presence
The contrasting U.S. Narrative
Facebook Q4 2015 results: $5.84b in revenue, 1.44b mobile users
Apple Q1 2016 results: $75.9b revenue, $18.4b net income, 74.78 million iPhones sold
Big names leave Twitter, including head of Vine for Google’s VR team