RainCity Studios has run into its share of setbacks this year. First it shut down the Bryght hosting services it bought from the company not two years ago, and now it’s moving to a smaller office, just across the street from its old digs. As of May 1st, Raincity will be located at 401 - 68 Water Street, just above the Lamplighter Pub.
According to Raincity founder Robert Scales, the move is meant to “keep costs lean” in an increasingly restrictive economic environment, and to keep the company agile and innovative . And with other companies such as NowPublic experiencing layoffs, perhaps these belt-tightenings are indicators of a broader decline in the fortunes of Vancouver’s tech companies.
But then again, Bootup Labs recent session with serial entrepreneur Brad Feld was a standing room only event, blogging conference Northern Voice is still going strong, and many other Vancouer companies are digging in and riding out the recession. Though Canada has so far escaped the worst of the recession ravaging our neighour to the south, these recent declines in tech might be a precursor of hard times ahead.
Founded: December 2003 by Robert Scales Principals: Robert Scales, CEO Kris Krug, President Mark Yuasa, Creative Director Erik Hermans, Production... [more]
Bootup Labs is a seed accelerator in Vancouver, BC that helps founders and companies go "from concept to company." Bootup Labs recruits promising... [more]
Warren Frey
Warren Frey is a writer, editor, blogger and podcaster based out of Vancouver, BC. After working for six years in the Canadian broadcasting industry, he switched to print and has since covered varied assignments from plumbing conferences to star-studded film galas. But he’s never lost his love for the internet and interactive media, from his teens...[more]
