INTERVIEW: Matt Golden, co-founder Tira Wireless
By Scott Valentine on January 16, 2008 - Comments (View)Tira Wireless' Co-founder and Senior VP of Corporate Development calls on his venture financing experience and soft skills as he builds relationships with mobile carriers, developers and publishers.

Tira Wireless is a Toronto-based solutions provider in the mobile applications space. Ranked third on the 2008 Deloitte Technology Fast 50, Tira offers a device-agnostic platform to wireless application developers and content publishers.
Matt Golden, Tira’s co-founder and senior vice-president of corporate development, began his career as a lawyer, working on some of Canada’s largest mergers and acquisition deals. From there, Golden moved in to the venture capital space where he focused on building financial networks, striking alliances and forming partnerships.

It was during this time that he developed a strong focus on the emerging J2ME technologies market, and was exposed to the unique opportunities and challenges of mobile applications. Tira Wireless was launched in 2001.
Under Golden’s direction, Tira Wireless has raised some $31 million in financing, and grown sales revenues more than 16,000 per cent in the last five years, becoming a standout in the very successful Canadian mobile tech cluster.
What’s your management style?
Day-to-day, I’m very high energy . . . lots of drive and enthusiasm. I’m a firm believer that you have to be in front of people to reach them and – to a large degree – I think that’s how you build up a great customer base. I’ve always promoted that idea among sales and business development teams.
What kind of people do you like to surround yourself with?
It’s a typical management flaw to look for people with the same characteristics as you because that confirms that you’re great (laughs). I think there are certain skill sets required that are fundamental to being successful and I like to round out teams with people that deliver those things. Also, you want leaders who are charismatic. I mean, I’m not concerned if the CFO is charismatic but I am concerned if the head of marketing isn’t.
What is the biggest deal you’ve been involved with?
Well, I was a mergers and acquisitions lawyer, so there were a bunch. When I was with Osler we did a 500 million-dollar real estate deal for Marathon. But I was pretty junior then, so I was probably supervising photocopying or something.
What was the ‘A-ha’ moment that led you down the path to co-founding Tira Wireless?
Some partners and I were into a company out of Ottawa called Zucotto that was working on Java applications for mobile. It was a small investment but it came with a board position, which provided a lot of visibility in to the mobile space. We realized then that java apps weren’t even running on multiple phones within the same product line, so how were they going to work across all these different device manufacturers and protocols? It was obvious that there was going to be a huge fragmentation problem.
When is there a major disruption coming for mobile tech, or are we already there?
We’re already in a multicore type conundrum with mobile. Characterizing all the idiosyncricies and automating the constants between devices that can be re-used across the community is a nightmare. Mobile developers probably spend 50 per cent of their time re-doing code (to work on different devices). Tira’s Jumplets tackle that problem by making working mobile apps available throughout an organization or community.
So, from a Web2.0 perspective, mobile apps could be used to share information, target advertising, or build-out a whole ecosystem associated with the platform, without worrying about what devices the application is going to run on.
Has growth changed the way you do business at Tira?
From a product perspective, we have our architecture to the point where it’s gone from three weeks on-site training to download-and-go. On the services side, we have to some degree shifted to life style players – mapping, major media brands – that are looking to launch web 2.0 apps or games for mobile. The things we look for in people are still the same . . . the ability to communicate with clients and adjust-on-the-fly always have been, and always will be, important for us.
What do you think about the wireless spectrum auction?
It’s hard not to look a little further south and see what’s happening there with Verizon and how they’re opening things up. Opening the spectrum is great from the perspective that it will bring more competition to the industry, which is healthy, but, by the same token, I think what Google is doing by introducing the Android open-standard paves the way for an environment more like the Internet (where anyone can contribute).
Because of carriers opening up and because of companies like Tira that are increasing the capacity for creating mobile content, we’re starting to see really compelling apps on mobile devices. Innovators need to have that path to contribute and I think that’s the way things are going in Canada.
Thanks Matt.


Comments
jun 12 2008 15:06
1 Reputation Point
Quick Fact:
- In 2007 Tira Wireless laid off nearly half of their staff in a series of layoff rounds and corporate restructuring.
- Financing = debt and they have 31 million in finanancing.
- One of the reasons for the layoffs were that sales and financial projections were not enough to sustain the staff. Which one can only conclude means that sales may be 16,000 per cent higher since they started in 2001, but it wasn’t enough to cover costs.
It would be an interesting story to hear how they have recovered from such a hit – however, it seems that it isn’t even acknowledge in this article, which would seem to suggest that this is all spin.
Edit (for another )jun 12 2008 16:30
10 Reputation Points
Perfectly good question Clark. I can only assume that the layoffs weren’t public knowledge.
However, I doubt you could find many successful companies that haven’t suffered from expansion/compression convulsions at some point in their evolution. I’m not saying Tira will succeed, I’m just saying that growth often hurts.
As for the utility of debt, look no further than Rogers Wireless. Ted leveraged himself to the hilt to build that company. He’s done alright with it.
Spin can go in a number of directions it seems.
Edit (for another )jun 14 2008 11:36
10 Reputation Points
Mobile apps are a growth market. Tira and others in their space are still far from the finish line. Capitalization (debt or otherwise) = the power to stay in the game. Lay offs are unfortunate, but sometimes that’s the way the tech cookie crumbles. I’ve yet to see a better end-to-end solution than the Jump platform for deploying mobile apps across a range of devices.
Edit (for another )jun 16 2008 13:57
1 Reputation Point
I don’t argue that their technology has/had potential. But I have to reason that the 2008 Deloitte Technology Fast 50 is based on pre-2007 numbers.
Edit (for another )