Vancouver Enterprise Forum:
Absolute Software

By Sean Donovan

On the last Tuesday of every month at Science World at 7:00pm, a large group of suits (venture captalists, engineers, and business types) get together, have a great buffet style supper, and then sit through a presentation and panel discussion of the current company being presented. I have had the fortune of attending numerous forums and found them to be very interesting. The companies are usually high tech and new (i.e, formed within the last couple years and have innovative technologies to sell).

For the engineers at SFU the forum provides a close look at how you will fit into high tech companies and the new technologies that they need you to develop. And if you are interested in starting your own business, this is a great place to learn the do's and don'ts.

On March 28, I attended a forum on Absolute Software which makes software to retrieve stolen laptop PCs. They have only been in operation a year developing the software and are already starting a pilot project to do more tests.

The software consists of a 'hidden' program that periodically calls over the modem to a monitoring station. When the Laptop is stolen, the user calls Absolute and the next time the thief plugs the laptop into a phone jack, the modem does its usual call and Absolute traces it, and thus retrieves that computer (not necessarily from the thief). This is a simple overview of the concept and it does have problems. For instance, what if the thief doesn't plug the modem into the wall and if data is the reason for Absolute's monitoring, what if the thief formats the hard drive?

These questions were all asked by the panelists and they had some good advice for the novice company, such as:

  1. Keep some eggs in the basket _ meaning don't sell the full version in your first release. This allows you to make a 'new' release when your competition shows up and it keeps the buyers on the hook (for the upgrade).
  2. Keep your R&D high compared to your sales - Technology changes fast, so you have to keep up.
If you are interested in attending these forums, SFU is a financial supporter of the forum and is granted some free tickets. Watch for Hiromi's e-mail (usually the Monday before) for a chance.

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