Entrepreneurs are, by definition, risk-takers. It is impossible to be a successful entrepreneur without taking risks. And the reason most people aren't entrepreneurs isn't because of financial concerns, time constraints, or a lack of ideas—it's an aversion to the realities of high risk.read more
Supply of Apple's latest iPhone models continue to be constrained as Foxconn continues to be unable to produce enough of the white-hot product.read more
It’s that time of the week when we look at what creative ideas Canadians are raising money to support.Check out these Canadian crowdfunding picks-of-the-week:read more
Montreal-based LightSpeed POS has raised $35 million in new venture capital funding, the company announced on Wednesday.read more
Bitcoins might be a good investment—but that doesn’t mean it’s a good currency, according to a new study published in the Journal of Financial Planning.read more
Watching Netflix might be a different experience depending on which service provider supplies your internet connection.read more
Earlier this year, 500 Startups announced 500 Women.
It was an important step for the organization in supporting women-led companies and encouraging more women to grab a seat on the other side of the table as angel investors. Among the first two companies selected for the syndicate is Canada's own FameBit.
FameBit, our first 500 Women company, is a platform to hire and work with YouTube Influencers. They’re from our 8th batch of companies, and have grown by leaps and bounds since leaving the program. In July alone, FameBit hit some major milestones and produced over 1,000 videos for companies while paying out over $250,000 to YouTube Content Creators. They’re now working with top brands that include L’Oreal, JustFab, ShoeDazzle, eSalon, and Dollar Shave Club among many others.
“Team 500 provides an invaluable support system to female founders and I’m so proud that FameBit is a 500 Women Syndicate Company," says Agnes Kozera, co-founder and COO of FameBit, a Techvibes 20 company. "I attribute a great deal of FameBit’s quick success to 500 and the fact that our team was surrounded by so many male and female mentors and investors who value diversity and encourage women to speak up and take ownership of their differences, abilities and ideas. This type of support is necessary for driving innovation and inspiring women to build awesome companies.”
The second company is Wanderable, which modernizes the honeymoon-planning process by allowing couples to easily discover and fund their dream honeymoon trip online and through an awesome mobile app.
"Both FameBit and Wanderable have awesome women on the founding team, and we can’t wait to support them and even more entrepreneurs through our syndicates," says 500 Startups. "We already have some fantastic syndicate backers (like high profile investors that also invested in Zappos and Uber), and would love to have more folks in the community – both women and men – join us to support female founders."
Matt Stewart and Rob Myers should be poster boys for holding down business development costs.read more
After two years spent working as separate companies, Invoke Media and Invoke Labs are becoming one.
Invoke Labs spun out of Invoke Media in 2012 to give startups a onestop shop for the talent and expertise. Since then, they have worked with more than 20 startups on development, design, marketing, community management, fundraising, and product strategy.read more
500px cofounder Oleg Gutsol has been ousted from his own company.read more