Sell out? No way, HootSuite founder Ryan Holmes wants a legacy

Posted by Rob Lewis

Great article and interview in yesterday's Globe and Mail with HootSuite's founder Ryan Holmes.

David Ebner digs deep into Holmes' history and his plans for the Vancouver-based social media dashboard.

Holmes doesn't want to follow the pattern set by most Canadian Startups and jump at the first attractive takeover offer from foreign buyer. Holmes has bigger plans.

Holmes is HootSuite's largest shareholder and believes $100-million in annual revenue and $1 Billion market valuation are within reach.

Amazon.com’s Jeff Bezos, Google’s Sergey Brin and Larry Page, and Facebook’s Mark Zuckerberg – whose companies have a collective value of at least $350-billion – did not dream of selling out to the first bidder.

“I’ve had offers along the way. My ambition is to build something large,” Mr. Holmes says. “I’d love to build a brand, a legacy. I’m always thinking about how big we can make this, about how big this industry is going to be. It’s sticking. It’s not going away. Initially, it was: ‘How big could this be?’ We’re seeing it’s going to be massive.”

A year ago, HootSuite had no revenue. As it cracked the one-million-user mark they released premium versions of its product and it currently brings in about $1-million of revenue a month.

Check out Ebner's complete article online.

Image: Anthony Jenkins, The Globe and Mail

Company:
Hootsuite Media, Inc.
Website:
http://www.hootsuite.com
Location:
Vancouver, British Columbia, Canada

Hootsuite is the world’s most widely used social media relationship platform. More than 10 million users, including 744 of the Fortune 1000 companies, trust Hootsuite to manage their social media programs across multiple social networks from one integrated dashboard. Learn more about how Hootsuite is revolutionizing communication at http://www.hootsuite.com. more


blog comments powered by Disqus

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



Who's Hiring



Recent Comments

Powered by Disqus