I’ve been fortunate enough to appear on the latest edition of #startupeast, the broadcasts by Startup Kitchen that focus on startups in Atlantic Canada.
I sat down with Director Devon Murrins a while back to discuss what we’re noticing in the community, and our discussion focused the dominance of the larger startups.
Launched in 2011, Startup Kitchen provides video interviews with startup founders in the region. It was founded by Fredericton tech enthusiasts Robert Foley and Suhaim Abdussamad, and since 2014 has been broadcast on the Bell Alliant community channel under the name #startupeast.
I was interviewed just after we’d completed analyzing our data on startups for 2015, and discussed the growth in the number of startups in the region. But what I really dove into – and something that I’m writing and talking about more these days – was the impact of large companies.
“What’s really interesting is at the top of the pyramid we’re seeing more companies gain more success internationally,” I said in the four-minute video. “There a now about 30 companies that have more than $2 million in revenue each year. These companies are pretty well doubling their revenue each year. They’re still on a growth trajectory.”
The growth of these companies is driving an acceleration in the overall startup revenues in the region. Our research shows that annual revenues rose by 30 percent in 2013, 37 percent in 2014 and 66 percent in 2015.
Have a look at the interview. What could be finer than starting your day with my youthful visage and honeyed voice? Many thanks to Suhaim, Rob and Devon for thinking of Entrevestor.