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Bootup Labs Blog
blog.bootuplabs.com · Company blog · on HN since 2008
The blog of Bootup Labs, a Vancouver technology incubator, covering its funding, portfolio, and views on venture capital.
What HN saysHN commenters link it for the 2010 post on funding and portfolio cuts, debating whether the company treated its startups fairly.
17HN people shared it
5linked it in comments
17stories submitted
169story points
16 years agolast shared
2008people per year2026
Most-shared posts
- 1Bootup Labs: Wertz joins board, first funding completed, portfolio reduced5 people · 14 points · first shared 2010 · 3 comments on HN
- 2Tsunami Continues to Rip Through VC Industry2 people · 2 points · first shared 2010 · discussion on HN
- 3Bootup Labs' Danny Robinson: "I made mistakes. I was wrong. Lessons Learned."1 people · 69 points · first shared 2010 · 53 comments on HN
- 4Bootup Labs is done1 people · 34 points · first shared 2010 · 25 comments on HN
- 5Layerboom acquired by Joyent1 people · 17 points · first shared 2010 · 4 comments on HN
- 6Bootup Labs: Technology Incubator in Vancouver1 people · 10 points · first shared 2008 · discussion on HN
- 7Boris Mann, Bootup Labs Co-founder leaves the startup accelerator1 people · 4 points · first shared 2010 · 1 comments on HN
- 8Venture Capital is Broken, Let’s Fix It1 people · 4 points · first shared 2008 · discussion on HN
- 9Resources for founders in Vancouver1 people · 3 points · first shared 2008 · discussion on HN
- 10Why you get conflicting advice1 people · 3 points · first shared 2009 · discussion on HN
- 11The 4 Stages of a Rockin Startup Eco-system1 people · 2 points · first shared 2010 · discussion on HN
- 12Applications for Bootup Labs January 2010 Cohort now open1 people · 2 points · first shared 2009 · discussion on HN
- 13Not Believing in Entrepreneurs is Tantamount to High Treasons1 people · 2 points · first shared 2010 · discussion on HN
- 14Funding Round Nomenclature Reconciliation – Series A or Seed?1 people · 1 points · first shared 2010 · discussion on HN
- 15Bootup Strutta Christmas Video1 people · 1 points · first shared 2009 · discussion on HN
What HN people wrote when they linked it
dannyr · 2010-04-15
From http://blog.bootuplabs.com/2010/04/14/wertz-joins-board-first-funding-…
"We supplied a great deal of support and value to the 7 companies over the first 2 months of our 2010 cohort, and we received nothing in return for the 4 companies that were cut"
It seems like they are implying that the 4 companies somehow owe them something.
ktom · 2008-07-01
here is one from vancouver, if you are canadian
http://blog.bootuplabs.com/
i don't know much about them personally (ie: i have not actually signed up for funding from them).
rdl · 2010-04-15
http://blog.bootuplabs.com/2010/04/14/wertz-joins-board-first-funding-…
I'm not really sure how I feel about this. It seems like they behaved pretty reasonably for a regular company, but as a fiduciary, they probably should have held off and not funded anyone without funds in the bank, vs. relying on a mid-term capital call. (I wonder who bailed on the capital call and why)
After this, I would probably be reluctant to move to Vancouver based on their line of credit promise unless I could see the funds in escrow; a LoC of $100k should mean $100k in an account I control, with equity going to them based on how much I withdraw. If they were Sequoia I'd be willing to accept a promise, but clearly how they have demonstrated they have pretty limited resources.
They at least seem fairly transparent about everything, so it's not dishonesty, merely bad judgment.
jamesshamenski · 2010-04-15
Evidently, the VC's investing in BootupLabs are 'W media ventures' and 'growthworks'.
http://blog.bootuplabs.com/2010/04/14/wertz-joins-board-first-funding-…
mikeyur · 2010-04-15
Bootup Labs has posted their side of the story on their blog:
http://blog.bootuplabs.com/2010/04/14/wertz-joins-board-first-funding-…