Brands are engaging in the conversations that are taking place on social media sites now more than ever. But in order to tap into the social conversations that are taking place on the web, brands and agencies need to have a powerful tool to track, measure and engage sites such as Twitter, YouTube, Facebook and others. One of the leaders in the social media tracking space, Radian6, is launching a new Engagement Console to streamline this process. A desktop client built on Adobe AIR, the engagement console lets your both track and engage in the conversation taking place on blogs, videos, forums, boards, Twitter, Flickr, Google Buzz, LinkedIn, Facebook fan pages, public discussion groups, and mainstream news sites. The site also allows for assigning of tasks from within the platform, enabling users to access workflow from within the client.
Brands are engaging in the conversations that are taking place on social media sites now more than ever. But in order to tap into the social conversations that are taking place on the web, brands and agencies need to have a powerful tool to track, measure and engage sites such as Twitter, YouTube, Facebook and others. One of the leaders in the social media tracking space, Radian6, is launching a new Engagement Console to streamline this process.
A desktop client built on Adobe AIR, the engagement console lets your both track and engage in the conversation taking place on blogs, videos, forums, boards, Twitter, Flickr, Google Buzz, LinkedIn, Facebook fan pages, public discussion groups, and mainstream news sites. The site also allows for assigning of tasks from within the platform, enabling users to access workflow from within the client.
You can customize a tracking grid of social media sites by breaking out your conversation into stacks by broad or specific topics, tagged customer lists, or even user assignment. Stacks can also be separated out by media type.
Th workflow feature allows you to tag, assign, and route posts to team members, and track the status of the assignments. Any conversations a user engages in, whether it be on Twitter, Facebook or with a co-worker, will be recorded for both the user and the administrator. And of course, the console allows you to Tweet, reply, retweet, and send direct messages, shuffle through user profiles, and follow new contacts right from the platform. Similar to many of the consumer focused social media clients out there, Radian6 allows for unlimited accounts and includes a URL shortener.
With respect to Facebook, the client allows users to respond to status updates, wall posts, comments, and “likes”. Users can also view news feeds for Facebook friends, and see new photos or videos that have been uploaded from within the console. The dashboard also provides analytics from within the console, such as post volume, and engagement stats.
Radian6 has had considerable success in terms of serving big-name clients. The company is currently helping over 10,000 brands track social media sites, including Comcast, MTV, Dell, UPS, GE and Microsoft. And this engagement console has all the bells and whistles to make any brand marketer content. The console, we are told, will be in private beta until April. That being said, there are plenty of other offerings for companies and agencies to track social media and this is a competitive space. Radian6 faces competition from a number of startups including Scout Labs,Visible Measures,Viralheat, HootSuite and PeopleBrowsr.
Two weeks ago on TechCrunch I posted “The Facebook Imperative,” which posed a simple question, “Why isn’t all enterprise software like Facebook?” It was the next iteration of the question I asked in 1999 that spawned salesforce.com, “Why isn’t all enterprise software like Amazon.com.” If you have read my book, Behind The Cloud, you are well aware how that one question launched a company, and a movement. Its been an exciting decade. But the real excitement is just starting. Frankly, I’ve been amazed by the huge amount of responses, tweets, and comments (aka “the ruckus across the blogoshere,” as Joe McKendrick calls it). It only strengthens my conviction that we are about to see the greatest revolution in enterprise software, ever. Well, really, the most exciting revolution in computing, ever. Editor’s note: This guest post is written by Marc Benioff, chairman and CEO of salesforce.com.
Editor’s note: This guest post is written by Marc Benioff, chairman and CEO of salesforce.com. In it, he responds to critics of his last guest post arguing that enterprise software should be more like Facebook.
Two weeks ago on TechCrunch I posted “The Facebook Imperative,” which posed a simple question, “Why isn’t all enterprise software like Facebook?” It was the next iteration of the question I asked in 1999 that spawned salesforce.com, “Why isn’t all enterprise software like Amazon.com.” If you have read my book, Behind The Cloud, you are well aware how that one question launched a company, and a movement. Its been an exciting decade. But the real excitement is just starting.
Frankly, I’ve been amazed by the huge amount of responses, tweets, and comments (aka “the ruckus across the blogoshere,” as Joe McKendrick calls it). It only strengthens my conviction that we are about to see the greatest revolution in enterprise software, ever. Well, really, the most exciting revolution in computing, ever. It will create more value for users, customers, and vendors by an order of magnitude over what we saw in the last wave. And, it’s really starting to happen right now. It is realtime. It is social. It is mobile. And, it is about time. Literally, it is about productivity.
I’m energized by the excitement I see for a new generation of collaboration software in the enterprise to replace antiquated Microsoft Sharepoint servers and IBM’s Lotus Notes. I’ve enjoyed seeing my observation—that Lotus Notes was conceived before Mark Zuckerberg—reverberate around the web. But, the reality is the Facebook Imperative contained more than a funny line. It hit a nerve. We are all responding—debating—a question that is an imperative because we all need to take software to a new level, and now is the time. Microsoft and IBM have maintained the status quo on enterprise collaboration software too long, and it’s time for a change.
There are an overwhelming number of you who agree that its time to transform the business conversation the same way Facebook has changed the consumer conversation. We are betting salesforce.com’s future on it. Approximately 40% of companies are already deploying or planning to deploy a social computing platform, a number that’s expected to rise, says Irwin Lazar of Nemeretes Research. Not everyone agrees, mostly the vendors that are milking their cash cows. But, make no mistake about it, this generation of social platforms is very different than the last.
Charles Zedlewski emerged from a long blogging hiatus to argue that Facebook is designed for entertainment—not productivity. Well, that’s not surprising given that he works for SAP, one of the companies I have previously referred to as “innovationless”—in my view they remain the Anti-Cloud. Their actions speak for themselves. Still, I’m astounded that more enterprises haven’t figured out how to tap into the real collaborative power of Facebook and Twitter, and the new social models that they have pioneered.
I consider Facebook and Twitter—and the ability to tap into my network of friends and followers—one the most productive ways I can start my day. Using these new Internet phenoms, I’ve tested new ad campaigns and elicited great customer responses, promoted my book to a large audience of people who cared, and with the help of my network, even named new products—all before I sat down for breakfast. I’m not alone; ask Vinnie Mirchandani for a sneak preview of his new book and read how Starbucks, Avon, and Pepsi are using these new social services to increase productivity in their enterprises. Or, look at how Causes, one of Facebook’s most popular apps, is having a fascinating impact on the future of philanthropy.
While my admiration for Facebook is no secret, the fact is that the Facebook Imperative—much like The Amazon Imperative of 1999—is just a metaphor. Like all metaphors, they are terrific catalysts to introduce an idea and orient people. They are rooted in inspiration, but they do not funnel down to the granular details. And, there are details that make this movement entirely new in practice. The power of this new model is to create the next level of productivity, collaboration, and learning in the enterprise. And, I see it happening now in our own company.
For years we’ve been reading about the potential for institutional memory to transform a corporation into a learning organization. But, have we seen it happen beyond very few unique organizations? A true paradigm shift occurs when the barriers of entry are removed for everyone. That is changing fast. With these new social models, there is a way to immediately leverage the knowledge of an organization. People with expertise and relevance are instantly looped in, can participate in the conversation, collaborate, and make contributions more simply than ever before. That will be the catalyst of this new productivity revolution—delivered through these new social enterprise platforms.
We have deployed Salesforce Chatter internally through our own beta program, and we are now using the social models proven by Facebook and Twitter to run our company. Our new social enterprise is built atop our existing business information and applications. It’s not partitioned off from other enterprise applications, but is an integrated part of it—offering a new view of the data that is more productive and easier to use. Through enterprise sharing models, filtering and discovery tools, users have full flexibility over which people and data they follow—allowing them to fully maximize the value of their own feeds and eliminating the risk of “pollutants” some critics fear.
I have learned more about my own company in the last three weeks using Salesforce Chatter than I have in the last three years. It reminds me of the time we went live with http://ideas.salesforce.com. The awareness I have today of what is happening with our employees, our customers, our products, our customer service escalations, and even the deals we are closing is spectacular. Social computing for the enterprise is about seeing what matters to your company, what is happening with your products, and among your people. It’s about the information you need to make decisions finding you. I’m amazed at the potential of this technology. There is just no way I can explain it to you in writing, so here is an actual screen shot that I took off my desktop to give you an idea of the flow (click to enlarge):
It is time to let go of the past and start to create a compelling future for the software industry. I’m energized by the skeptics. It’s familiar. They all eventually convert to what’s important to customers, or become increasingly irrelevant. You don’t have to look any farther than last week when Steve Ballmer spoke to the University of Washington telling them Microsoft was finally “All-In” the cloud. Well, that only took a decade or two. No more software plus services, now they are 100% cloud too. Sure.
I’m living in the post-PC revolution. I’m in a desktopless world that is about feeds and profiles running in all my browsers and mobile devices, and interacting in exciting new ways. It doesn’t matter if I am in the office, at home, or at Starbucks—I am productive wherever I am. The enterprise is not just going to the cloud, it’s now going social, and it’s going mobile. Facebook and Twitter have shown us the way. Like Microsoft, and IBM, not everyone has to get it yet, but eventually they all will. As they say: Shift happens.
No wonder Apple is suing HTC for patent infringement over its Android phones. In the three months between October and January, Android’s overall share of smartphone subscribers in the U.S. rose 4.3 points to 7.1 percent, according to mobile market share data released by comScore. Android showed the biggest single gain of any of the top five smartphone platforms. Apple’s share was virtually flat at 25.2 percent (up 0.3 percent), while RIM’s Blackberries saw a 1.7 percent gain to 43 percent.
No wonder Apple is suing HTC for patent infringement over its Android phones. In the three months between October and January, Android’s overall share of smartphone subscribers in the U.S. rose 4.3 points to 7.1 percent, according to mobile market share data released by comScore. Android showed the biggest single gain of any of the top five smartphone platforms. Apple’s share was virtually flat at 25.2 percent (up 0.3 percent), while RIM’s Blackberries saw a 1.7 percent gain to 43 percent.
Overall, 42.7 million people in the U.S. owned a smartphone during the period, up 18 percent. So even though Apple’s relative share didn’t go anywhere, it still grew with the market. But watching RIM and Android phones take share cannot be pleasant for the folks at Cupertino. The iPhone still rules the mobile Web, but again here Android is catching up fast. Time to release a new iPhone.
Meanwhile, Microsoft’s Windows Mobile and Palm saw drops in their shares. Windows Mobile was down 4 percent and Palm was down 2.1 percent.
By Chris Scott Barr For the coffee drinkers out there, how many cups does it take you to get through a typical workday? For many, loading up on coffee is about the equivalent of putting gas in a car. The longer you want to stay productive, the more you need to ingest. Now what if you [...]
By Chris Scott Barr
For the coffee drinkers out there, how many cups does it take you to get through a typical workday? For many, loading up on coffee is about the equivalent of putting gas in a car. The longer you want to stay productive, the more you need to ingest. Now what if you actually tried to fuel your car with the stuff? Apparently you can, but you’ll need more than a few cups to get you through the day.
A team at the BBC1 science show Bang Goes The Theory took an old ‘88 Volkswagen Scirocco and modified it to run off of coffee grounds. Now before you get too excited about running a car off of a cup of Joe, you’ll have to consider the fact that it’ll take the equivalent of 56 espressos just to travel a single mile. To further break that down, it’ll cost roughly 50 times more than simply using gas. Needless to say, this is one of those projects that was done “because they could” and not because it was practical. The team is also using it to try and raise awareness on using alternative fuels.
By Evan Ackerman My favorite netbook company, MSI, has just announced the retail availability of their latest and greatest extra portable and extra cheap laptops: the Wind U160. Besides a redesigned svelte exterior, the U160 brings along a 1.66 GHz Atom N450 and a shocking 15 hours of battery life. Even if you figure that you’ll [...]
By Evan Ackerman
My favorite netbook company, MSI, has just announced the retail availability of their latest and greatest extra portable and extra cheap laptops: the Wind U160. Besides a redesigned svelte exterior, the U160 brings along a 1.66 GHz Atom N450 and a shocking 15 hours of battery life. Even if you figure that you’ll only get 50% of that in normal use (which, in my experience, is what it works out to most of the time), that’s still a solid day’s worth of juice. The rest of the specs are what you’ve come to know and tolerate from netbooks, including the gig of ram, 250gb HD, LED backlit WSVGA screen, crappy integrated graphics, and blah blah blah. Oh, and Windows 7.
On a personal note, the only reason I’m not buying myself a U160 is that my U100 is still running like a champ after a couple years and multiple oopsies. I can only hope that the U160 offers a similar amount of dependability (plus relatively easy access to the HD and RAM) in this new form factor.
The MSI Wind U160 is available now at Fry’s, and online at Buy.com and Newegg, for $380.
By Chris Scott Barr No one wants to get a trojan on their computer, for quite obvious reasons. Thus one is careful about the sites they browse, the links they click and the software they download. Generally doing these things will keep your computer free of such malicious bits of software. But have you ever considered [...]
By Chris Scott Barr
No one wants to get a trojan on their computer, for quite obvious reasons. Thus one is careful about the sites they browse, the links they click and the software they download. Generally doing these things will keep your computer free of such malicious bits of software. But have you ever considered that your hardware might be hiding something nasty?
Apparently the Energizer DUO USB Battery Charger has been carrying around a nasty little trojan that can wreak havoc on your system. CERT has issued a warning and stated the following:
An attacker is able to remotely control a system, including the ability to list directories, send and receive files, and execute programs. The backdoor operates with the privileges of the logged-on user.
That’s right, something as simple as plugging in your USB battery charger could give someone complete control over your system. I think the question on everyone’s mind was how in the world the trojan was put onto all of these in the first place. The file is tied into the installer for the charging software, which also means that downloading it from Energizer directly was no better an option. (In my best Ricky Ricardo voice) “Energizer, you’ve got some ’splainin’ to do.”
On a bright note, Mac users were not affected. The OSX version of the software was found to be clean.
Tonight, Google launched its Google Apps Marketplace, an online storefront for Apps products and services. Here are our notes from the announcement. And of course, the marketplace is launching with a number of pilot partners (50 to be exact). One of those partners happens to be recently launched Socialwok, a product that ads a social layer to Gmail and other Google products. At last year’s TechCrunch50 conference, Socialwokmade a big splash, winning the award for best demopit startup and launching its enterprise-friendly, FriendFeed-like layer for Google Apps. The web-based application was praised for launching a social network that wrapped around the very unsocial Google Apps. And the startup just launched a gadget to allow users access all the features of Socialwok without leaving Gmail. Socialwok in the the Google Apps Marketplace allows organizations to use their existing Google Apps accounts to login into Socialwok and create a social network for their domains to share within Google Docs, Google Calendars, Google Spreadsheets and other Google objects in feeds. For example, with the Socialwok Gmail gadget, users can view, post and comment on various feeds in their organization right from Gmail.
Tonight, Google launched its Google Apps Marketplace, an online storefront for Apps products and services. Here are our notes from the announcement. And of course, the marketplace is launching with a number of pilot partners (50 to be exact). One of those partners happens to be recently launched Socialwok, a product that ads a social layer to Gmail and other Google products. At last year’s TechCrunch50 conference, Socialwokmade a big splash, winning the award for best demopit startup and launching its enterprise-friendly, FriendFeed-like layer for Google Apps. The web-based application was praised for launching a social network that wrapped around the very unsocial Google Apps. And the startup just launched a gadget to allow users access all the features of Socialwok without leaving Gmail.
Socialwok in the the Google Apps Marketplace allows organizations to use their existing Google Apps accounts to login into Socialwok and create a social network for their domains to share within Google Docs, Google Calendars, Google Spreadsheets and other Google objects in feeds. For example, with the Socialwok Gmail gadget, users can view, post and comment on various feeds in their organization right from Gmail.
Ming Yong, CEO of the company, said that integration with the marketplace was a logical choice because of the growing number of SMBs that are using Google Apps as their productivity suite of choice. Currently Google has more than 2 million businesses using the Google Apps Suite. Over 6,000 domains and tens of thousands of users are using Socialwok. Socialwok’s standard edition on the marketplace will be free but the startup will launch a paid edition in May.
Socialwok, which employs a freemium model, has steadily been adding features and improvements to its application, including releasing a new version of its HTML 5 mobile version for Android and iPhone browsers. And in the process of developing an innocative application, startup managed to catch Google’s eye. Socialwok was chosen as one of the showcase companies for AppEngine technology at this year’s Google IO Developer Sandbox (Socialwok is powered by Google App Engine). And the startup wrote a blog post on Google’s Enterprise Blog about Socialwok.
We’ve continuously written that if Google doesn’t buy the startup, they should at least heavily promoting what they’re doing. And it appears that Google has taken the latter route. For now. There’s no doubt that Socialwok could face the same fate as Google Docs killer and collaboration platform Etherpad or Microsoft Word collaboration plug-in Docverse.
By Evan Ackerman When we posted our last update on the Martin Jetpack Ductedfanpack about a year ago, they were looking at producing around 10 units at $100,000 each. In that quantity and price, it didn’t seem like something that was particularly realistic. At the end of last month the Telegraph reported that Martin Aircraft Company [...]
By Evan Ackerman
When we posted our last update on the Martin Jetpack Ductedfanpack about a year ago, they were looking at producing around 10 units at $100,000 each. In that quantity and price, it didn’t seem like something that was particularly realistic. At the end of last month the Telegraph reported that Martin Aircraft Company had teamed up with an unnamed international aircraft company, and that the new partnership had secured enough capital to begin producing 500 jetpacks a year at a cost of around $75,000 each. Yes, it’s a lot, but come on, it’s a personal jetpack, and it may actually be a practical one too:
-No pilot’s license required -Runs on premium gas from a gas station -30 mile range at 60 mph, 8000 ft ceiling -Includes low altitude ballistic parachute for safety
It’s certainly not the sexy sci-fi jetpack of the future yet, but I mean, it works, and you can actually buy one (quite soon, anyway) for a not entirely crazy amount of money.
It’s a rare day that I find the opportunity to write about entrepreneurism and Canada in a single post. It’s rarer still that I’m able to do it twice in one day. But apparently today is that day. Earlier today I wrote about changes to Canadian tax law that makes outside investments to Canadian startups less onerous. And now I have the honor of introducing you to The C100, a new Silicon Valley based mentoring and networking organization for Canadian entrepreneurs. The C100 is the brainchild of Anthony Lee (Altos Ventures) and Chris Albinson (Panorama Capital). There are 250,000 Canadians living in Northern California, Albinson told me earlier today, many of whom are in tech (he and Lee are among them). And they need an organization like TiE, which was originally founded for south Asians, to help them help each other. The organization will also help Canadian startups and entrepreneurs get a foot in the door in Silicon Valley. Canadian incubators Bootup Labs, FounderFuel and Xtreme Labs are all sponsors of The C100 and will bring Canadians down to Silicon Valley for various networking events.
It’s a rare day that I find the opportunity to write about entrepreneurism and Canada in a single post. It’s rarer still that I’m able to do it twice in one day. But apparently today is that day. Earlier today I wrote about changes to Canadian tax law that makes outside investments to Canadian startups less onerous. And now I have the honor of introducing you to The C100, a new Silicon Valley based mentoring and networking organization for Canadian entrepreneurs.
The C100 is the brainchild of Anthony Lee (Altos Ventures) and Chris Albinson (Panorama Capital). There are 250,000 Canadians living in Northern California, Albinson told me earlier today, many of whom are in tech (he and Lee are among them). And they need an organization like TiE, which was originally founded for south Asians, to help them help each other.
The organization will also help Canadian startups and entrepreneurs get a foot in the door in Silicon Valley. Canadian incubators Bootup Labs, FounderFuel and Xtreme Labs are all sponsors of The C100 and will bring Canadians down to Silicon Valley for various networking events.
The C100 has successful charter members who pay $800 to be part of the organization. But general members who are the type of people who will want to get to know the charter members, can join for free, here.
Canada isn’t shy about making life difficult for startups, and we’ve had one or two personal brawls with the country as well. But a change in Canadian tax law last week is designed to spur U.S. venture investments in Canadian startups and make Canada less of a leper colony for tech entrepreneurs. The change allows foreign investors in most Canadian startups to avoid “literally hundreds of pages of documents” to be filed and processed on a sale of a startup, sometimes by each limited partner in a venture fund. That burden meant that most venture firms simply ignored the Canadian market, says Deloitte:
Canada isn’t shy about making life difficult for startups, and we’ve had one or two personal brawls with the country as well. But a change in Canadian tax law last week is designed to spur U.S. venture investments in Canadian startups and make Canada less of a leper colony for tech entrepreneurs.
The change allows foreign investors in most Canadian startups to avoid “literally hundreds of pages of documents” to be filed and processed on a sale of a startup, sometimes by each limited partner in a venture fund. That burden meant that most venture firms simply ignored the Canadian market, says Deloitte:
A 2007 survey by Deloitte and Canada’s Venture Capital & Private Equity Association (CVCA) of 528 VCs from around the world found that 40% of U.S. respondents and 28% of global respondents cited Canada’s unfavourable tax environment as a key reason for not investing in Canadian companies. This level of concern is five times higher than for any other country in the survey and reflects the current investment crisis within Canada’s venture capital industry. The survey also found that Canada is attracting the attention of just 11% of U.S. VCs as a primary country for expansion — behind China (34%) and India (24%).
“I predict that over time this farsighted tax legislation will help propel Canada’s extraordinary technology into global industry leadership in numerous markets, and will likely be viewed in the future as a defining moment for the Harper government in Canadian innovation,” says Stephen Hurwitz, a partner at U.S. law firm Choate Hall & Stewart.
That may be a bit optimistic, but the tax change is a nice start. Perhaps over time our frozen neighbors to the north will be known for being great at something more than playing hockey and eating poutine. A robust startups community would be very welcome.
More information:
Change in tax law sends a strong signal to international investors that Canada is “open for business”
Government removes tax barriers and stimulates flow of capital across Canadian border
TORONTO, March 4, 2010 — Canadian companies across the country are likely applauding today’s federal budget, which contains tax law changes that give them the advantage they need to compete on the global stage.
By amending the definition of “taxable Canadian property” to exclude shares of Canadian private companies (where not more than 50% of their value is derived from real property in Canada, Canadian resource property or timber resource property), the government has significantly reduced administrative and, in some cases, economic barriers to foreign investment in Canadian-based innovation and technology. This change puts Canada at the top of the list of places to invest globally.
“The changes in tax legislation announced in today’s budget are among the most significant changes to capital gains taxation since the introduction of taxation of capital gains in 1972,” explains John Ruffolo, Global Tax Technology, Media & Telecommunications Leader, Deloitte. “The Canadian government has listened to the financing community, understood the severity of the problem and removed the major tax barriers that have prevented critically needed international investment capital from crossing our borders.”
“At a minimal cost to the government, this amendment will have an immediate, positive and direct impact on Canada’s ability to grow a robust Canadian technology industry,” explains Terry Matthews, Chairman, Wesley Clover. “By sending a clear message to international investors that Canada is “open for business”, the government will make Canadian companies more attractive to foreign investors overnight. This will help Canadian companies raise the capital they need to achieve global leadership status.”
The change means a much more welcoming environment for foreign investors. In the vast majority of cases, non-residents who were not taxable on the disposition of their investments in such shares due to Canada’s broad international tax treaty network, are now exempt from tax under Canadian domestic law without having to apply for treaty relief. As a result, they are no longer required to comply with the Section 116 tax clearance certificate procedure or file a Canadian income tax return. The changes also remove what were perceived to be insurmountable barriers for many venture capitalists who considered the previous administrative requirements and economic delays for each investor to be strong deterrents to investing in Canada.
“The removal of the Section 116 tax barrier is a tax master stroke by the Canadian government enabling Canada’s emerging technology companies to access deep pools of international capital and the vast global customer markets to which those pools are connected,” notes Stephen Hurwitz, Partner, Choate Hall & Stewart LLP in Boston. “I predict that over time this farsighted tax legislation will help propel Canada’s extraordinary technology into global industry leadership in numerous markets, and will likely be viewed in the future as a defining moment for the Harper government in Canadian innovation.”
BACKGROUND INFORMATION ON THE SECTION 116 TAX BARRIERS
The following describes the tax barriers that were removed in today’s budget and that are no longer preventing international investment in Canada:
• Withholding and Section 116 certificate process — The overwhelming majority of foreign VCs are not subject to Canadian tax when they sell an investment, but face a delay of many months to work through the Section 116 tax clearance process until funds can freely flow to them. Many foreign VCs are structured such that each of the investors in the VC — sometimes hundreds or even thousands — is subject to this clearance process as if they held the investment directly. This delay results in lower returns and frequently causes direct financial loss to investors. Canadians who invest in the United States, the United Kingdom and other major global markets do not face such taxes or delays from red tape.
• Requirement to file Canadian tax returns by foreigners who don’t owe taxes creates hundreds of pages of unnecessary paperwork — Canada imposed tax filing requirements in circumstances where no taxes were payable by these investors. When a foreign VC sells an investment, each investor of the foreign VC has to file a Canadian tax return even if they don’t owe any taxes. This results in literally hundreds of pages of documents that are required for signature and processing for a single sale. This tax return filing issue also applies to certain Canadian public companies.
Why Canada was perceived by VCs as having an unfavourable tax environment A 2007 survey by Deloitte and Canada’s Venture Capital & Private Equity Association (CVCA) of 528 VCs from around the world found that 40% of U.S. respondents and 28% of global respondents cited Canada’s unfavourable tax environment as a key reason for not investing in Canadian companies. This level of concern is five times higher than for any other country in the survey and reflects the current investment crisis within Canada’s venture capital industry. The survey also found that Canada is attracting the attention of just 11% of U.S. VCs as a primary country for expansion — behind China (34%) and India (24%).
About Deloitte Canada’s tax practice With the largest tax practice in the country (over 1,500 professionals in 44 offices), Deloitte offers a full suite of tax services to clients in all industries across the country. The market leader in shaping the “future of tax”, Deloitte influences Canadian tax policy with the goal of creating a business climate which propels corporate growth and furthers Canada’s international competitiveness. Known for its industry-leading expertise, Deloitte’s tax practice sets the standard of excellence in Canada and is the only Big Four professional services firm in the country to receive a Tier 1 ranking in the prestigious International Tax Review (ITR)’s “World Tax 2010” report. For further information on Deloitte’s tax practice, visit www.deloitte.ca and for further information on the “future of tax”, visit www.thefutureoftax.ca.
About Deloitte Deloitte, one of Canada’s leading professional services firms, provides audit, tax, consulting, and financial advisory services through more than 7,700 people in 58 offices. Deloitte operates in Québec as Samson Bélair/Deloitte & Touche s.e.n.c.r.l. Deloitte & Touche LLP, an Ontario Limited Liability Partnership, is the Canadian member firm of Deloitte Touche Tohmatsu. Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss Verein, and its network of member firms, each of which is a legally separate and independent entity. Please see www.deloitte.com/about for a detailed description of the legal structure of Deloitte Touche Tohmatsu and its member firms.
Brands are engaging in the conversations that are taking place on social media sites now more than ever. But in order to tap into the social conversations that are taking place on the web, brands and agencies need to have a powerful tool to track, measure and engage sites such as Twitter, YouTube, Facebook and others. One of the leaders in the social media tracking space, Radian6, is launching a new Engagement Console to streamline this process. A desktop client built on Adobe AIR, the engagement console lets your both track and engage in the conversation taking place on blogs, videos, forums, boards, Twitter, Flickr, Google Buzz, LinkedIn, Facebook fan pages, public discussion groups, and mainstream news sites. The site also allows for assigning of tasks from within the platform, enabling users to access workflow from within the client. 
Two weeks ago on TechCrunch I posted 
No wonder Apple is 
Tonight, Google 
It’s a rare day that I find the opportunity to write about entrepreneurism and Canada in a single post. It’s rarer still that I’m able to do it twice in one day. But apparently today is that day. Earlier today I wrote about 
Canada isn’t shy about making life 
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