February 16, 2008
Montreal Gazette’s Roberto Rocha writes about the effervescent Montreal Web ecosystem today and the Praized team is featured. Excerpts:
But now Montreal is witnessing an Internet renaissance. New Web companies are sprouting up and venture-capital firms and “angel” investors who fund early-stage ideas are starting to pay attention, sowing the seeds of a new economic sector in the city. The activity is being driven not by government subsidies or by tax incentives, but by a desire to create something new and to meet like-minded people who see the Internet as the great new business frontier. (…)
Inspired by the collaborative nature of the Internet, local geeks with bright ideas started meeting at informal, community-organized events called BarCamps. The global movement that began in the Silicon Valley was the grassroots retort to stuffy, invitation-only tech conferences. In a BarCamp, computer whizzes show the first drafts of their garage projects to anyone who will listen. (…)
In a nondescript downtown office, Harry Wakefield and Sébastien Provencher are having one of their final meetings before taking their own startup, Praized Media, global. Their walls are barren save for an expanding pile of empty Guru cans by the windows and diagrams scribbled with the lingo of the new Internet economy – words like widgets, Ruby on Rails and tags.
“These kinds of get-togethers help good ideas bubble to the top,” said Provencher, who met his co-founders at YULbiz, a monthly gathering for business bloggers. Through their BarCamp connections, they assembled a team convincing enough to raise $1 million in venture capital from Garage Technology Ventures, a Silicon Valley VC firm that opened a Montreal office. Established industry groups “haven’t clued in to the fact that there’s a vibrant Web community here,” Provencher said. (…)
Praized Media is also mentioned in this list of Montreal networking venues and start-ups.
May 31, 2007
(via MapleLeaf 2.0)
What it means: congrats to the StandoutJobs guys! There is a lot of start-up activity right now in Montreal, Canada (see this list) and I’m sure this is just the beginning of many small companies being funded here.