Well, the time has arrived. We can finally take the covers off of what we have been working on and give you an idea of where we plan to go with StartupNorth.
Today we are announcing that we have taken an initial round of financing to expand StartupNorth, launch new startup focused projects and to further expand our blog-related publishing business. Most of you are aware of our first addition to the SUN network: wirelessnorth.ca
Our new CEO and former Microsoft employee David Crow sums it up best:
“Running a startup community has been very lucrative for StartupNorth (now known as SUN, INC) in the last year and we feel that we have been leaving a lot of money and opportunity on the table. In order to maximize the potential and reach of our media properties and to enable further growth in to other markets, we have decided to take this round of funding. To further accelerate this expansion, we have acquired several blog networks, including a Canadian one, and we will be announcing that formally quite soon”
In a sense, this is eating our own dogfood. We encourage startups to take as much money as they can early on in order to grow as rapidly as possible, which will bring with it a solid business plan. By expanding rapidly and letting the business plan emerge, we believe we can show fellow Canadian entrepreneurs how to do it, and our new VCs, Apprentice Partners from London, UK and placements from two Canadian pension funds, have helped us make this decision.
Jonas and I would like to thank all of you for your support in the last year. Without you guys, we couldn’t have done this.
Everyone welcome David aboard. And remember: with all this money, we’ll be hiring soon!