Thursday, December 11, 2008

Why Canada is Rockin' the Facebook Scene

3 out of the 5 FBFund Finalists are Canadian. That got me thinking.

Coincidence? Perhaps. Not reflective of the entire development community? That I'm not so sure. I noticed a strikingly large number of pretty successful non-US/Silicon Valley developers, and have a couple of theories on why we have so many (and arguably, a disproportionate) Canadian and Non-US developers on Facebook:

1) No/Low Capital Required: traditionally, Canadian (non-US/Silicon Valley) b2c startups/developers lacked the resources/venture capital (seed funding esp.) to launch competitive B2C offerings -- Facebook Apps take VERY little resources to get off the ground, and their success if usually a function of creativity

2) Low Distribution Costs/Viral Distribution Required: again, traditionally, its been more difficult for Canadian (and non-US/Silicon Valley) ventures to secure high profile distribution partnerships to "get the word out" -- the great thing about Facebook apps is that some of the most successful apps are often launched with small to no artificial viral seeding costs. In other words, success comes from optimizing their viral loops in their apps to secure distribution. Heck, they might even be using some pretty cool viral analytics to optimize their K-factor (aka: pass-along rate/viral co-efficient/pick-your-buzzword). Yeah... that was a pretty blantant plug, but come'on, you saw that coming. ;)

And of course, huge congrats to our fellow Canadian FBFund Winners WedSnap and Mousehunt!

(Sidenote: Technically, we're a US HQ'd startup, but both founders are Canadian and we have a Canaidan presence... so that makes us at least half Canadian, Go Canada! ;-)

Wednesday, December 10, 2008

60% of FBFund Phase 2 Winners are Canadians!

Yes, this is a repost from our corporate blog... why? Because I'm lazy, and just stepped off a 12 hour flight from Asia. To top of all off, I need time to reflect on how kick ass it is that we just got a $250K grant from Facebook to further Kontagent's cause with the little sleep I'm going to have tonight. So there. =P

Here's the Lazy-Al re-post:

Congrats to all the winners , and a big thanks to all those that have blogged about the announcement!

This was a result of a ton of hard work from the entire team, and its been a fun process getting here. Thank you for all those that voted, Cat and Julia from the FBfund team, and the judges from the surprisingly enjoyable due diligence discussions from the partners at Accel and FounderFund.

An interesting tid-bit: did you know that the 3 out of the final 5 winners out of the 25 finalists are Canadian (including me and Jeff - both Canucks!).

Go Canada! =)

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