Entrepreneur Dashboard

Founder Spotlight: Michael & Mathew (Slickspaces) – Revolutionizing Rental Space One Community at a Time

Founder Spotlight: Michael & Mathew (Slickspaces) – Revolutionizing Rental Space One Community at a Time

I had the great pleasure of spending time with Slickspaces in Vancouver. Both the team and the business illuminated as community business leaders of tomorrow.

Michael Driedger, CEO & Co Founder of Slickspaces

Michael Driedger, CEO & Co Founder of Slickspaces

Founders, Michael and Mathew, came together to join forces on 1 mission: to revolutionize the guest services space in a unique way. Michael (CEO) sprouted as a serial entrepreneur since the age of 10. Learning key operations from his past businesses paved the way to success for Slickspaces from Day 1. 

 

 

 

 

 

 

 

 

 

Michael Driedger, CEO & Co Founder of Slickspaces

Michael Driedger, CEO & Co Founder of Slickspaces

Mathew, Chief Technology Officer, leads the product and is equally strong in software and hardware. I had the opportunity to sit down with each of them to discuss their different takes on entrepreneurship today and what tips they would give others who are starting out.

Go grab your coffee and check out their live interviews.

 

 

 


“Coachability, an ability to learn on the fly and perseverance are key traits of great entrepreneurs. Matt has them all plus  a deep knowledge of trends in the short term rental market. ”

Clay Braziller, Advisor

About Slickspaces:

“Travel, sustainability and technology had a baby” — Slickspaces.com

SlickSpaces’ founders were both working towards a separate yet shared vision. To make travel accommodations easier to get into (they hate lines and looking for keys) and more sustainable (they really hate wasting energy). With backgrounds in building sustainability and technology integration they’ve created something that fulfils both of their dreams.

Slickspaces

Slickspaces

“Well positioned for success in the mushrooming short-term rental industry, Michael and his fellow founders have already distinguished Slickspaces by developing a paradigm-shifting solution to a critical challenge through their ability to listen to and follow his customer’s needs.” — David Dunnison, President & CEO at Global PVQ Canada, Harvard Business School.

About the team and environment:

When I arrived at their Vancouver headquarter, I noticed they had the opportunity to be surrounded by other community supporters such as BC Tech. Slickspaces won this great office space in a previous competition. One thing that I noticed about Slickspaces is their growing team and many moving parts. Slickspaces deal with both hardware and software. Because I got to walk into such a dynamic environment, I did a series of insightful interviews with the Founders that can be found here!

Click here for video

“Michael has a very clear vision on how technology will solve some fundamental pain points in the short term accommodation market. Michael possesses a combination of both industry and market knowledge and technical savvy that’s been key in Slickspace’s early development and market intro. It’s impressive to see the customer engagement the team have made in such a short period of time.” -Andy Edelmeier, President of Braemar West Capital

What does this company’s typical day look like:

Slickspaces’ scores on VenturX’s Entrepreneurship Tool

Slickspaces’ scores on VenturX’s Entrepreneurship Tool

Mornings:

· Gets to work at 6am

· Operational: Team meetings to discuss specific objectives such as contracts & upgrading to powerful accounting/CRM/etc.. software tools.

· Product: Focus product direction on scalability and channel distribution for Slickspaces’ future. This was handled by the CTO.

· Other: Work on tasks for the competition

Afternoons:

· Operational: Work on new community grants for their stage

· Other: Meetings with mentors to review upcoming presentation, business analytics, and content.

Evenings:

· Operational: Share feedback from individual meetings, discuss upcoming tasks for new hires.

Next Milestone

Bringing disruptive global innovation one community at a time has shone the spotlight onto Slickspaces.

Slickspaces just entered the BC New Ventures competition 2017, a 13 week competition. Their beta is making impressive footprints within the short term rental industry across North America. If you are in property management, be sure to keep updated on their leaps of achievements via their social media: Twitter and Facebook. Their direct contacts are listed below.

In conclusion, after spending time with this energetic team, it was clear that Canadian companies like this can achieve greatness by doing good.

Contact info: Michael Driedger and Mathew Hunter

Email: info@slickspaces.com

Linkedin: https://www.linkedin.com/in/michael-driedger-06363a13/ and https://www.linkedin.com/in/mathewhunter/

Website: https://www.slickspaces.com/

Share this:
Posted by VenturX in Blog, 0 comments
VenturX is for ALL early stages of Entrepreneurship

VenturX is for ALL early stages of Entrepreneurship

Did you know that 90% of startups fail in their first year? VenturX’s goal is to help early stage entrepreneurs beat the odds! VenturX uses benchmarks and metrics from granters and investors across Canada to help guide startups with a SaaS tool. There are different types of “Early Stage” Entrepreneurship broken down as follows. Let us show you how we can help!

 

1. How VenturX helps in the Idea Creation Stage:

Definition:

· You have thought of a name and what you want to build or maybe a couple of ideas of different potential startups

· You may have recruited interested co-founders

· You may even have business cards!

· You haven’t talked to potential customers in your target market and haven’t invested a lot of time and money yet.

Are you ready for VenturX? YES!

How VenturX can Help:

· VenturX can help you test out your early ideas! Check out this article for 4 MUST-DO steps while in the Idea Creation stage: https://medium.com/@VenturX_team/how-to-survey-for-product-market-fit-in-24-hours-2f79571ea5d4

2. How VenturX helps in the “Pre-Revenue” Stage

Definition:

· You are passionate about the idea and don’t know all the opportunities that are out there

· You don’t have any sales yet (sometimes said as no revenue yet)

· You might be busy building out your product or having a hard time finding those early adopters

Are you ready for VenturX? YES!

How VenturX can Help You Save Time:

· We help you prioritize which new features to build

· We track your early adopters’ pain points

· We free you up to work the other things on your plate!

· VenturX provides industry benchmarks to guide you along the path of success and increase your chances of earning trevenue!

3. How VenturX helps in the Funding Stage (Seed Round or Series A)

snoopy

Definition:

· You are trying to gain funding from investors

Are you ready for VenturX? YES!

VenturX Entrepreneur Dashboard gives real time Runway

How VenturX can Help:

· We calculate your runway time so you know how much money and time you have to get funding and make that first sale!

· Gives you benchmarks and requirements for funding to best prepare you for success for investor presentations

4. How VenturX helps in the Ramen Profit Stage

ramen profitDefinition:

· You make just enough money to eat Ramen Noodles every day

· Officially launched startup but want more customers

· Already have your early adopters on board

Are you ready for VenturX? YES!

How VenturX can Help:

· Score test results from your market for early majority customers

·After helping you identify early adopters, VenturX guides you to your next target. you don’t want to waste too much money investing in the wrong market. We are here to help!

5. How VenturX helps in the Late Funding Stage (Series B-D)

Product Adoption Lifecycle

Product Adoption Lifecycle

Definition:

· You have closed Series A and are looking into more funding

· You are focusing on your innovative R&D and scaling your growth

Are you ready for VenturX? YES

 

How VenturX can Help:

·You can still use VenturX to test out new product extensions to make sure you are not cannibalizing your own market

“The reality is the Lean Startup method is not about cost, it is about speed. Lean startups waste less money, because they don’t use a disciplined approach to testing new products and ideas.” — Eric Ries, American entrepreneur, blogger and author of The Lean Startup, a book on the lean startup movement.

Let VenturX help you accelerate your startup today. Sign up @ www.venturx.ca

Share this:
Posted by VenturX in Blog, 0 comments
Why every startups need metrics!

Why every startups need metrics!

In this article, we are taking a deep dive into why young companies should track their metrics right from the get go! Here are three reasons to start today!

Before we dive into the reasons why startups need to monitor their metrics, we must first take a look at a few misconceptions as to why early stage startups currently prioritize metrics.

Misconception #1: “I am not tech savvy enough to monitor my metrics!”

HBO’s Silicon Valley —Dashboard

Don’t be scared! You do not have to be super tech savvy to get your metrics!
Nowadays, there are many tracking tools that can help you clearly monitor your metrics whether you are an online or offline business. For examples of easy user dashboards, send us an email.

Misconception #2: I do not have enough data to even track them!

You have to start somewhere! Start at 0 users! Keep in mind that is the same starting point that Facebook, Google, Apple, and that hair salon down the street all started at! The important thing is to JUST DO IT! did you think they waited until they had 500 or 5 million users before they started to track their basic metrics? NO!

3 Reasons why startups need to start measuring their progress now!

1. Make your targets

Knowledge is power! Learning about your metrics can only help your team meet targeted quarterly or monthly goals. For a great example for early-stage startups, I refer you to the Lean Analytics book by Alistair Croll and Ben Yoskovitz. They created a great chart to show what lean metrics you show what to focus on depending on what stage you are at.

Lean Analytics Book: Use Data to Build a Better Startup Faster

Startups tend to focus on a lot of things that are not their short term targets. For a deeper dive, check out this article: https://medium.com/@VenturX_team/3-startup-mistakes-what-do-young-startups-focus-on-besides-their-metrics-9a59f17d84e8

2. Not waste time and money on the wrong things

Time is money! Key performance metrics (KPIs) may differ from department to department in big corporations. Early stage startups should see this as an advantage. When teams are small, everyone can just focus on one or two key metrics; they need to have that be the focus on where resources, time, and money is invested in. Once that goal is achieved, you can make another goal. That is exactly what metrics do. If you don’t have a particular goal in mind, tracking tools like VenturX can help by giving you industry benchmarks for early stage startups.

3. Helps prioritize your tasks — things that move the needle

When early stage startups go through the feedback cycle (build, test, analyze, and repeat), having your key metric(s) can help your team prioritize which task to focus on for the next product release or iteration.
For example, if your key metric is to increase engagement, then your team may want to prioritize the features that would keep your customers using the product for longer. You may also want to de-prioritize other features related to marketing channels and conversions.

Share this:
Posted by VenturX in Blog, 0 comments

Founder Spotlight: Jennae Gedeon (Eco Eats) – Not your ordinary food sales app!

Jennae Gedeon

 

In this article, we explore how a visionary mind focuses on her success path, how Ecoeats works, and how you can get involved!

This month, our team had an amazing opportunity to shadow Jennae Gedeon around for a few days in the City of Vancouver. We learned about the process it takes to build Ecoeats an up and coming top company of our generation! Ecoeats holds one of VenturX’s core values which is Impact, and they do it one bite at a time! The more we got to know Jennae, the easier it was to to see why this visionary was the right leader to drive Eco Eats’ purpose and share it with the
masses!Eco Eats Contact Information: Jennae Gedeon

It all began in October when Jennae entered Youth Biis Start-up Program where she completed the incubator program in downtown Vancouver in December 2016. Since then, Jennae founded Eco Eats and has made great strides, in build lasting partnerships for the Metro Vancouver hub and witness the tech development take off with the help of Red Academy and BCIT ISSP program all leading up to a solid foundation for launch this fall. Phil, one of Youth Biis SFU teacher/business mentor describes how this founder is different from those entering the program in the past.

“[Jennae is] energetic, passionate and knows what she wants. This is usually a sign of a very effective person because she works back to the goals she sets. She has a destination…very visionary!” – Philippe, Youth Biis Start-up Program

 

Tell us about your company

Eco Eats app connects people to grocery stores and restaurants with healthy food reaching its best before date. What’s amazing is the perception of date and quality is completely being redefined; as the food is completely good and it’s just about letting more people know about it and providing them with better opportunities to pick it up. To me, we connect missed relationships in the community so people become each other’s answers to eat, live and thrive. In today’s world, there is a massive problem within the food waste chain and we’ve found unique collaboration channels to make the world a better place.

 

Eco Eats, food waste technology of tomorrow

Ecoeats is welcoming all consumers to sign up today! More contact info at the bottom

 

What is the next big milestone?

The next milestone is preparing for the pilot. The pilot consists of the minimum viable product (mvp) connects groceries stores to consumers and charities in the Metro Vancouver area. Come back to check out our website (https://www.ecoeats.ca/) to see if your favorite restaurant or grocery store made it on the list after our launch this Fall 2017!

 

What does a typical week look like for this founder?

Entrepreneur Dashboard

VenturX Startup Success Scores

Mornings:

  • Wakes up to respond to emails between 7am-9am

Afternoons:

  • Attend product meetings to focus on transitioning prototype to MVP
  • Trains new team members
  • Lead partnership and strategy meetings with mentors, colleagues, and partners
  • Create Google docs to handover information to product teams and strategy teams
  • Create visual infographics to bring to meetings to adapt to visual learners (they look great!)

Evenings:

  • At the end of every day, spends 15 mins to review and update the tasks for the following day
  • Updates her timeline of short term goals
  • Replies to emails
  • Prepares things for long term goals, such as partner relationships

 

One thing that we noticed that made Jennae very focused as a leader was her organization skills. She always had a notebook with her to write things! What a great habit for all founders to adopt!

“No matter what the future holds, this is something I am very passionate about and will always be a part of me!” –Jennae Gedeon

Contact info: Jennae Gedeon

Email: team@ecoeats.ca
Linkedin: https://www.linkedin.com/in/jennaeclg/
Website: https://www.ecoeats.ca/

Share this:
Posted by Alex in Founder Spotlight, 0 comments