There's a interesting article in the New York Times today about the tech start-up scene south of the border titled Seattle Taps Its Inner Silicon Valley. Seattle's recent boom is being attributed to the ecosystem that has evolved through offshoots of local giants Microsoft and Amazon. Much the same way Google's success has fueled Silicon Valley.
Another advantage is the tech-savvy talent at the Seattle-based Amazon and nearby Microsoft. Microsoft offshoots, sometimes called Baby Bills, after Bill Gates of Microsoft, are being joined by Amazon progeny called Baby Jeffs, for Amazon’s Jeffrey P. Bezos. Baby Sergeys — those formed by veterans of Google, which is based in Mountain View, Calif., and was co-founded by Sergey Brin — are opening here.
The influx of entrepreneurs and of venture capitalists to bankroll them is slowly reshaping this city and a regional economy long buffeted by the booms and busts of the aerospace and timber industries. A start-up ecosystem needs social networks, support businesses and a business culture that views failure as a badge of honor, not shame. All of that is in place in Seattle.
As a result, Seattle is home to a growing community of technology innovators who are willing to take risks and money is pouring in. During the last 12 years, venture capital investment in Seattle has more than tripled, to about $1 billion annually and last year Washington tied with Texas as the third-largest destination for VC money nationwide, behind California and Massachusetts.
Question: Will this same 'offshoot' phenomenom fuel tech start-ups in Vancouver? If so, what companies should we look to to spawn these 'babies'?
Well, MSFT is opening a 1000 person office in Richmond. So we'll have Baby Bills.
[...] Question: Will this same ‘offshoot’ phenomenom fuel tech start-ups in Vancouver? If so, what companies should we look to to spawn these ‘babies’? Source: Who are the Baby Bills of Vancouver? [...]
@Boris. I think the days of msft employees making tens or hundreds of millions from options or restricted stock grants are long gone. The new Richmond office will be good for the local economy, but sadly it won't be churning out any Baby Bills.
To some extent there are already "baby bills" here. Just look at all the small(and not so small) video game shops that resulted from EA's presence in Vancouver.
@Brendon - Baby Dons?
[...] companies that have spun off some smaller studios, some of which only got re-absorbed (Baby EAs, in Rob Lewis’ parlance on TechVibes) — are there more gaming startups, or gaming related ideas out there? I’m going to [...]
[...] gaming giant Electronic Arts. Saturday’s Vancouver Sun profiled yet another Baby Don making a name for themselves. Ivan Tung and Usman Ahmed Khalid both left secure, well-paying jobs [...]