Toronto Startup Digest

I am proud to announce that I’ve recently become a co-curator of the Toronto [Startup Digest], joining Will Lam in curating a weekly list of the highest quality tech/startup events in Toronto. [Startup Digest] has spread like wildfire from Silicon Valley to locations around the world and I’m excited to be joining the team.

As a long-standing recipient of the Silicon Valley [Startup Digest], I was always pleased with the quality of events that were mentioned in the curated list emailed once each week. The Toronto [Startup Digest] will maintain this quality and will include and highlight the top tech and entrepreneurship events in the Greater Toronto Area (and Waterloo). We won’t cover all of the events, only the best ones!

Here are 5 things that [Startup Digest] will accomplish:

1. We want to promote the entrepreneurial lifestyle and the culture of DOING, to help change the world into a better place.

2. We want to strengthen the pre-existing entrepreneurial communities no matter how small or large they currently are

3. We want to create stronger bonds between entrepreneurs through relevant events where the startup community physically meets each other.

4. We want to promote the cross-pollination of ideas and people that would not otherwise interact.

5. We want to empower the leaders in these startup communities and give them the tools and inspiration to create a huge difference.

(view source)

If you would like to subscribe to the weekly [Startup Digest], please register online.

Otherwise, if you are running an event in Toronto (GTA) or Waterloo, please leave the details in a comment below, email me or contact me on twitter. If the event is targeting rock stars, it’ll get on the list!

Guns, Germs, and Silicon Valley?

Yesterday I finished reading Guns, Germs, and Steel by Jared Diamond, and in the final hour of reading something sparked my attention:

Throughout history and despite relatively uniform intelligence across all of humankind, Diamond argues that widespread innovation had been limited to only certain countries in particular geographical contexts. He goes on to mention that innovation (as seen in those countries) was driven by the presence of higher population densities, close proximity to a number of neighbouring countries, and higher degrees of competitiveness between countries.

Naturally, I wondered, could this concept explain why so much technology innovation has led to an abundance of successful tech companies in the Bay Area, and to a lesser but still significant extent, the Greater Boston Area? On the flip-side, could this concept also explain why so many technology companies created in other regions have higher failure rates?

According to Diamond, innovation is driven by population densities of sorts. The Bay Area has one of the richest selections of successful and pioneering IT/internet/mobile technology entrepreneurs on the planet. As far as competitiveness, the US is the epidemy of a Capitalist nation, and competition is as fierce domestically as it is internationally (if not more fierce).

Note: As far as the Bay Area goes, I believe it remains at the apex of innovation due to its abundance of human capital, sharing of know-how, entrepreneurial culture, access to world-class research facilities/universities and venture capital financing. However, I do buy into the fact that proximate competition can help to turn good ideas into great ideas when the developers of the ideas have the ability to see and innovate on top of other very good ideas very quickly.

Although I don’t have the time and/or resources to explore this in further detail, I find this to be an interesting theoretical discussion about how a local geography can evolve in such a way that promotes rapid innovation in a particular niche. If you have an opinion on the matter, I invite you to please share it below.

Cleantech Jobs on the Rise

I am not surprised to read (Newsweek via MSNBC) that job opportunities are on the rise in the cleantech “green-revolution” sector. Notable niche areas mentioned include solar energy, biofuels. The article describes an upcoming trend:

Based on the flow of venture capital, K. R. Sridhar, CEO of the fuel-cell
start-up Bloom Energy, believes the clean-tech sector could produce 50,000 new
jobs by 2010. Peter Beadle, president of, cites estimates that the
solar sector alone could employ 2 million people by 2020.”

Interestingly, these jobs are geographically dispursed (across the US), unlike clusters of high-tech startups found in Silicon Valley during the tech boom.

From a finance perspective, analysts at Lux Research state that venture-capital investments in the clean-tech sector jumped from $623 million to $1.5 billion (2005 to 2006), led by solar power and biofuel.