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February 4, 2009 / Boris Mann

Wednesday Wrap Up Real Estate Edition

I’ve got various bits and pieces of real-estate related news today, hence the Real Estate edition.

It looks like some of the feedback we gave on the PACT event we attended in San Francisco are moving ahead — the Canadian Trade Commissioners are putting on a Canadian Regional Boot Camp for Technology Start Ups. They’re starting with some back east locations, and when I asked, Guillaume Parent let me know about a time frame for Western events:

As far as the boot camps are concerned, yes, we are planning a Round II for the West with stops in Vancouver, Calgary, Edmonton and Saskatoon and/or Winnipeg. We are targeting early summer (May/June) for this. As FYI, and as you may have read on our website, we are in the process of opening the Canadian incubator at Plug and Play so CDN tech start-ups can use this as a landing ground, at no costs for up to 3 months, while focusing on securing partnerships in the Valley.

We’ll keep you posted on timing for the boot camps. The latter half of that news — that you can potentially work out of an office at the Plug and Play Tech Center in Silicon Valley — I’ll call the first bit of real estate related news.

The second real estate news is that Jamie Cheng of Klei Entertainment called to tell me that he’s looking for someone to sublet part of his cool new space in Yaletown:

We are moving into a new space of 3800sqft at the end of the month.
That’s about 1000-1200 sqft extra than what we need, and it’s got built out offices, kitchen, etc. I’m wondering if you know anyone who may be  looking to sublease some space.

The rent is cheap — $17/sqft + operating costs in Yaletown.

Get in touch with Jamie at if you’re interested.

Real estate news #3 comes from Rilli, Vancouver’s own geo-web startup. They finally took a break from tracking and locating their users, and located *themselves* in a new office in Gastown. Situated on 116 Pender St (above Wild Rice, across
from Tinseltown), the “up and coming” neighborhood has already proven
itself entertaining. Any and all are encouraged to stop by to get a tour, a product demo, and a sticker. Colin Brumelle, who I got the news from, is now the only team member who hasn’t moved back to Vancouver. He told me a fun story about how their rent is so cheap that they actually calculated that working out of coffee shops would be *more* expensive. Colin, that calculation would make a fun blog post…

A little bit out of left field is a request from old Drupal buddy Zack Rosen. Aside from Drupal services firm Chapter Three, Zack also started Mission Bicycles

Mission Bicycle is a bicycle store for the Internet age. Customers give us their measurements, pick colors and components, and their dream bike arrives in the mail in 2 weeks. We’re like the CafePress of bicycles. You can check us out at, see our photo stream of bikes, or read coverage of us on CurrentTV and Thrillist.

The U.S. bicycle industry is a $6.2B business that is over 100 years old. We’re disrupting this market by selling directly to the rapidly growing market of 20-30 year-old bicycle commuters in cities. We can make cycling in cities as desirable driving a car. We’ve sold 225+ bikes around the world in the past 9 months (average sales price of $1000) and we have twice the margin of our competitors.

Why post about them here? For one, these are very cool bikes that bicycle mad Vancouver is sure to be interested in. And secondly, Zack’s looking for a round of angel / friends and family financing to take Mission Bicycles to the next level. If you’re interested in investing in this type of direct to consumer, Internet ecommerce business, email

We here at Bootup are working on prepping our first official application process which will open the middle of this month. Where you can do things like look up the property valuers based in Brisbane and many other places. In the meantime, the TechStars application is already open for their summer program. This interview with David Cohen of TechStars is an excellent listen.

Closer to home, the New Ventures BC 2009 seminar series is in sneak peak mode: they’ve posted an outline of the 9 week seminar series that goes from April to June. The 2009 competition will get rolling in March. I can definitely recommend it – it’s a good way to tune your ideas if you’re just getting started, and it’s also a great place for networking. I went through a part of the program when I came back to Vancouver 5 years ago, and made lots of connections.

Final decisions on accepted companies for the next Launch Party (put it on your calendar for Feb. 26th) are going to be made this Friday. Want your company to present? Send a short blurb about your company and what you’ll be launching to Maura.

Riz’s Links

Links, stories, promotions etc. being accepted now for next weeks edition. Leave a comment or send an email and we’ll get the word out.



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