November’s mentoring session with Marc Gingras founder and CEO of Tungle was informative and inspiring. Thanks to Marc’s open, honest, and straight forward conversation style, we got to cover a wide variety of important topics, and walked away with many memorable real life examples of strategies and methods to run a Startup.
One of the fun things about the open format of Tap in Tuesday is we never know what direction our Startup mentoring sessions will take. The tone and pace of the meeting is set by the mentor’s conversation style, and by how they interact with the questions of the mentees.
Marc set a much faster pace than our other meetings to date, keeping the intro and past experience portion of the session short and focused, jumping right into the question and answer period, which lead into several discussions about raising money, business strategy, product strategy, marketing, networking, and not networking.
Leadership
One of the highlights of this session was the amount of time spent on the topic of leadership. Marc effectively connected the importance of setting vision, creating culture, clearing obstacles, motivating and appreciating the team to the success of a Startup.
Some other topics discussed
- The Freemium model and when to start focusing on revenue.
- Working with accelerators, incubators, etc.
- Lean Startup.
- Raising money.
- Raising money locally vs. Silicon Valley or Boston.
- Understanding VC’s from a VC and entrepreneurs point of view.
- How to build an all-star advisor board.
- Distributed teams.
- Outsourcing.
- Marketing, PR, creating buzz, and wasting buzz.
Focus and Passion
The feedback from the participants that we had a chance to connect with after this event was unanimously positive. Everyone shared the feeling that Marc didn’t hold back, was real, and inspired us with his focus and passion for Tungle.
Thanks RPM for hosting us
Thanks again RPM for providing space for this event and many other great Montreal technology and Startup events. It is awesome to finally have a home base for the community.
If you haven’t heard of or been to RPM it is a great new co-working space located in Griffintown that has grown out of the initiative Ian Rae and Alistair Croll set up for several Montreal startups and entrepreneurs downtown. You may also know the RPM space as the home of Year One Labs who host Lean Lectures and their open offices in the same location.
Take a moment to check out RPM’s website for more details about the people, Startups, and events going on.
No December Meeting
We won’t be holding a mentoring meetup this month due to the holidays. We’ll be in touch with more news as we start to organize meetings in 2011. You can follow us on Twitter at @tapintuesday or keep a look out for news on www.montrealtechwatch.com, www.mtlnewtech.com, www.nextmontreal.com, or www.startupdigest.com
Great “Unplugged” Mentoring in 2010… Looking Forward to More in 2011
So far the mentoring sessions have been great opportunities for Montreal technology entrepreneurs to connect with some of the city’s more experienced entrepreneurs on a much more intimate level than a conference would provide.
We’ve had the opportunity to hear real stories about how people are building their companies, not theory about what might work. We’ve also been lucky to have mentors who were open and did not try to down play the challenges they faced, and how they moved forward. As a result, the conversations have been “real” and connected with the participants. Thanks to Sebastien, James, Carl, Marc, and all attending entrepreneurs for your support in making this a fun event to organize and attend.
Wishing you all a happy holiday season.