Vancouver’s HootSuite to Swing For The Fences

Congratulations to Ryan and the rest of the crew at Hootsuite.  As Ryan says it’s about time Vancouver had it’s own Paypal Mafia.

Social media management company HootSuite Media has ballooned since it started a little over three years ago, winning business from global brands and growing to nearly four million users, with $75 million in revenue expected this year.HootSuite CEO Ryan Holmes says he’s turned down multiple acquisition offers.

Now HootSuite’s founder, Ryan Holmes, and some of his fellow shareholders are taking money off the table–they sold $20 million worth of shares to OMERS Ventures, an investment arm of one of Canada’s largest pension plans, in one of the biggest venture capital deals in Canada in the last decade.

via HootSuite Takes A Little Cash Off The Table To ‘De-Risk,’ Aims For Bigger Game – Venture Capital Dispatch – WSJ.