Cambrian House gets the axe

Posted by Rob Lewis

So much for the wisdom of crowds. Techcrunch (and Mark Evans) are reporting that Calgary crowdsourcing up-start Cambrian House is headed for the deadpool. Apparently VC Spencer Trask passed on making an investment in Cambrian but instead has picked up their assets cheap - fire sale cheap. Techcrunch's Erick Schonfeld reported today that Cambrian House’s IP, assets and website will be sold to Spencer Trask for far less than the $7.75 million that investors pumped into the company. Spencer Trask plans on taking the assets and rolling them into VenCorps, a Cambrian House project that was exhibiting as the Canadian Innovation Exchange in Toronto two weeks ago. Vencorps community builder Will Pate was holding down the booth and did a great job demoing how they're going to apply the crowdsourcing concept to venture capital.

Company:
Cambrian House
Website:
http://www.chaordix.com
Location:
Calgary, Alberta, Canada

Launched in 2006, Cambrian House began as a crowdsourcing community using a wisdom of crowds based approach to discover new business and technology ideas. Today, Cambrian House equips other enterprises to adopt open innovation using its Chaordix™ crowdsourcing platform. Chaordix is the global standard in crowdsourced market intelligence. Chaordix uses the power of crowdsourcing to help the world's leading... more


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Rob Lewis

Rob Lewis

Rob is the President of Techvibes Media and Editor-in-Chief of Techvibes.com.  His diverse background includes stints in International Trade Finance, Web Development, and Enterprise Software and he is a graduate of the University of British Columbia, British Columbia Institute of Technology, and Simon Fraser University. When not running Canada's leading technology media property, Rob can be... more




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