On the TechVancouver stage ×1
First seen on the TechVancouver stage in 2018. Every talk is searchable — ask the archive about Fez ↗
In their words
One of the lessons that I learned was: share your idea, don't worry about people stealing it. It's about the execution — it's not about the brilliant idea that you have that is gonna make you millions.
We hired a development company, we laid out the plan, eight months later nothing delivered. So we said, what should we do now? Let's put up a Facebook page. This is you taking control of your own plans rather than waiting for the perfect tech piece.
A false notion of having a bigger team caught up, and with about a hundred thousand in raised money we said we want a bigger team — went out, got a team of 25, only to realize a year and a half in that our burn rate is not going to sustain us.
Around the web ×1
Quick answers
Who is Fez Rismani?
A Vancouver founder who started Daily Delivery with his brother Sal while at Simon Fraser University, and is now co-founder and chief executive of Elevate Wellness, a supplement and cannabis manufacturing business in British Columbia. He remains chairman of Daily Delivery.
What did he tell the TechVancouver stage?
That there is no perfect time and no perfect plan. He described filling a last-minute speaking slot with no slides, then walked through the real sequence: an outsourced build that delivered nothing in eight months, a Facebook page instead, trademark lawsuits, and drivers in bow ties as the differentiator.
What happened with the bigger team?
It nearly ended the company. He told the audience that after raising about $100,000 they hired 25 people on "a false notion of having a bigger team", found within eighteen months that the burn rate would not sustain them, and had to let the whole team go and rebuild offshore.