WORK IN PROGRESS

BC Business Magazine - - Celebrating 45 Years -

2001: Teck Corp. buys out the 50 per cent of Com­inco Ltd. it doesn't own for $1.5 bil­lion, form­ing a new min­ing be­he­moth based in Van­cou­ver called Teck Com­inco Ltd. To­day it's Teck Re­sources Ltd.– the Com­inco name, go­ing back to the turn of the 20th cen­tury, is gone–and Canada's largest diversified miner lays claim to the best-per­form­ing stock on the S&P/TSX Com­pos­ite In­dex since 2009. (Yay, coal!) 2002: Early in his first man­date, for­mer pre­mier Gor­don Camp­bell cre­ates a Crown cor­po­ra­tion com­mit­ted to new ways of build­ing in­fra­struc­ture called pub­lic-pri­vate part­ner­ships, or P3s. Part­ner­ships BC be­comes ubiq­ui­tous in the run-up to the 2010 Win­ter Games, re­spon­si­ble for steer­ing many ma­jor projects, in­clud­ing the Canada Line and the Sea-to-sky High­way ex­pan­sion, that re­main the Olympics' true legacy. 2004: Ste­wartStew But­ter­field,Butt with then­then-wife and busi­ness­ness part­ner Ca­te­rina Fak Fake, launches pho­to­shar­shar­ing web­site Flickr; a year later, Ya­hoo Inc. buys it for about US$25 mil­lion. But­tbut­ter­field stays on with Ya­hoo for a few yyears, dab­bles in gam­ing for a few more, then launches team-mes­sag­ing app Slack in 2013. Slack's es­ti­mated worth to­day? A pal­try US$3.8 bil­lion.

2008: On­line book­seller Abe­books of Vic­to­ria is sold to Ama­zon.com in 2008 for around $100 mil­lion. Abe­books was an early Cana­dian suc­cess story in e-com­merce and put co-founder Boris Wertz– prin­ci­pal of Van­cou­ver-based Ver­sion One Ven­tures, and one of North Amer­ica's top early-stage in­vestors–on the map. 2008: Rid­ing the wave of so­cial me­dia, Ryan Holmes launches Hoot­suite Me­dia Inc. as a B2B plat­form for com­pa­nies to man­age their var­i­ous so­cial channels, from Twit­ter to Face­book to Linkedin. The Van­cou­ver tech dar­ling now counts 1,000-plus em­ploy­ees and 14 mil­lion users world­wide; a much-de­layed ini­tial pub­lic of­fer­ing is ex­pected in 2017, with some es­ti­mates peg­ging it at $1 bil­lion (and don't tell Holmes other­wise!). 2008: Cit­ing na­tional se­cu­rity con­cerns, the Con­ser­va­tive gov­ern­ment of Stephen Harper blocks the sale of Mac­don­ald, Det­twiler and As­so­ci­ates Ltd. to U.S. firm Al­liant Tech­sys­tems Inc. in 2008. Through a se­ries of stealth moves over the next few years, how­ever, Rich­mond-based MDA– Canada's largest space com­pany–is now Amer­i­can in all but name, with the bulk of em­ploy­ees, in­clud­ing pres­i­dent and CEO Howard Lance, based south of the bor­der.

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