Rick Perreault is the cofounder and CEO of Unbounce, a Vancouver startup that allows businesses to create, publish, and optimize landing pages without the need for IT. This enables companies to earn more revenue from their online marketing spend by empowering marketers with the means to create and test promotion specific landing pages themselves.
Unbounce won the pitch competition at the GROW conference in Vancouver last week and I found it one of the most exciting startups targeting SMB that I had the opportunity to meet.
I spoke with Rick following the conference to get his thoughts on business challenges, the state of tech startups in Canada, and had him share some tips on perfecting his investor pitch.

You’ve experienced tremendous growth in the last year. What challenges have you faced in scaling your business?
Staying razor-focused on our company roadmap is a constant challenge. The vision for the product has developed out of months of thinking, talking with customers, and research. Yet as the business grows, there are more and more things that present themselves each day that sound like opportunities worth pursuing, but in reality are a distraction that will yield short terms results at best.
Are you able to offer any advice to startups working to mitigate similar growing pains?
By default, say NO to everything that is not in the plan—of course, only if your current plan is working. Also, be very careful on what additional initiatives you take on. One actionable piece of advice I can give is this:
If you are starting a SaaS company that depends on meeting the needs of tens of thousands of customers paying you several hundred dollars per year, you can’t provide ‘custom’ care to each customer. You will feel the need, because you are nice and want to help customer Joe—who’s paying you $100 per month—be successful, but you will go out of business if you do not focus your efforts on meeting the needs of customers as a group.
As a rule, if we are going to change our plans on a dime, it has to be an initiative that will benefit the majority of our customers.
Your company is currently headquartered in Vancouver. Why not a tech hot spot like Silicon Valley?
Besides the fact that Vancouver is home for all of us, and a great city to work in, there is no business necessity to be in a tech hub for this type of business. As an inexpensive SaaS, we don’t have to knock on doors to sell our product. The only requirement of a location is a strong talent pool and Vancouver certainly meets this criteria.
Unbounce offers DIY landing pages for marketers. As a B2B tech startup, how do you market yourself to those marketers?
We work at making it easy for customers to find us and practice what’s called inbound marketing. We create quality content that is relevant and informative to our market. It gets shared, linked to, talked about, and ranked high in searches, making it easy for people looking for a solution like ours to find us.
Also, we integrate with other solutions that marketers already use, allowing us to reach new prospects through co-promotion around the launch of the integration.
I had the opportunity to see a demo of Unbounce at Launch@GROW and I love the product. What is the coolest feature of Unbounce that sets you apart from your competition?
With Unbounce, a marketer can quickly create a page, get it live with the push of a button, and easily test different versions of a page to see which one performs better, all without having to deal with any technical people. It is the all-in-one creation and testing that is the significant differentiator.
As a seasoned entrepreneur, what advice can you give aspiring entrepreneurs who have a really great idea and aren’t sure how to get started?
The hard part is making sure you have a really great idea that can be turned into a business. For that you need to talk to a lot of potential customers, and see if your idea is something that they would pay for. Once you are confident that you have a great business idea, find, listen, and talk to other entrepreneurs. Get advice from former employers. Join your local startup meet-up group—and if there isn’t one in your town or city, start one. Read “The Lean Startup” by Eric Ries. Get on Twitter and see what other entrepreneurs are saying and reading. There are many resources out there that can help you get started and guide you along the way, you just need to get out and talk with people. You’d be surprised how willing people are to help.
Backpocket COO Cameron Herold compared entrepreneurship to being obsessive-compulsive, bi-polar, and manic depressive. How do you maintain a work / life balance while growing a successful business?
I’m not sure that I’m the best example of an ideal work / life balance. However, I also realize that to be at my best and maintain some sort of balance, I need some time to shut off. I don’t have a one-size fits all answer as everyone is different but here three basic tips that have worked for me:
- Set some actionable and achievable monthly, weekly, and daily goals. Each day get up and say, today I’m going to achieve X. It’s much easier not to stress about the business—and thus make time for yourself—if you know that you’ve accomplished something and are moving things forward.
- Next, make a commitment to take off your work hat and set a few hours aside daily before bed. For me, I go to bed early—usually before 11pm—and I’m up early—usually around 6am—so my cut off time is typically 8pm. Make dinner—don’t skip meals—and spend a couple of hours spending quality time at home. You’ll sleep much better if you are not working right up to bed time. Additionally, do the same on the weekend. Don’t spend your whole weekend working, get a hobby that is completely different from what you do all day—for me that’s playing in my urban vegetable garden in the summer—and you’ll be amazed how charged you are Monday morning. I really can’t remember the last time I dreaded getting up on a Monday… And Super Bowl Sunday doesn’t count!
- Get some exercise! Sitting long hours in an office is not good for your physical and mental health. For some it might be the gym or a sport, but for me it’s walking—I walk back and forth to work. That’s 90 minutes per day of walking plus I get to think. In fact, my walk to work is the most important part of my day.
Congratulations on winning the pitch competition at GROW. How did you prepare and what advice can you offer startups working to attract investors?
My advice is not to think of the investor any differently than you would a customer, and target your pitch to customers—simply put, what is the problem you solve and why it matters to your customer. If customers line up to use your product, investors will follow.
As for preparing to pitch, keep it simple and practice, practice, practice. The less time you have to pitch, the more you need to practice because you’ll have no time to improvise. I literally write out my whole pitch and read it out loud with a timer until I can recite it without looking at the script or the slides.
Once you’ve got this down and know that you can get your message across within the allotted time, you’ll have a lot more confidence when you pitch.
Tell me about how Unbounce has arranged its financing. How long did you bootstrap the company and when did you approach investors for funding?
Every opportunity and company is different, and so are their funding needs. However, we self-funded until we had a product ready to launch, then raised some local angel capital to see us through between launch and self-sustainment. We are now proudly cash-flow positive.
Are you currently working with venture capitalists to further fund your business?
We are always looking at opportunities to help take the business to the next level.
Working in tech you’re often subject to information overload about cool startups. What other companies excite you right now?
There are a lot of companies doing some great stuff in Vancouver, but what is really exciting is how the tech startup ecosystem has developed in Vancouver over the last two years. When I started this business, I had no idea what kind of support network I could expect, but was pleasantly surprised by the seasoned entrepreneurs that were able and willing to help. Recently, they are getting more and more organized, and that really excites me!
Vancouver may not be known today as a tech hub but my belief is that it soon will be, and I’m thrilled to be part of it. It’s good for Vancouver and great for Canada.
Love the idea of DIY landing pages? Check out Unbounce or follow them on Twitter @unbounce. Rick occasionally Tweets @rickperreault.
Martin Studzinski is TELUS team member with a focus on consumer solutions, with interests in design, technology, and education reform. You can follow Martin on Twitter @martstudz.
Thinking about starting your own business? It’s never been a better time! Check out telus.com/startup for our essential startup guide.
Maintaining a work / life balance is recognized as being particularly important, yet we all occasionally struggle to unplug from work. Share your essential tips to maintaining a work / life balance in the comments below.