C100 hires Michael Buhr as next leader, with Ray Newal out as CEO

Michael Buhr, C100 executive director

C100 has brought on Michael Buhr as executive director to expand beyond its early-stage roots and help more Canadian technology founders at the growth level.

Silicon Valley-based Buhr, a Canadian who has spent 30-plus years in tech at firms like Apple, Adobe, and eBay in addition to building his own startups, assumed leadership of C100 last week. He took over from Ray Newal, who departs C100 after only a year and a half as CEO.

“I’m going to be more engaged with our board, I’m going to be more engaged with our membership.”

Michael Buhr

In an interview with BetaKit, Buhr spoke about how Canada’s tech ecosystem has evolved since he first moved to Silicon Valley and outlined his vision for how to ensure C100 better meets the needs of Canadian founders. He said he “jumped” at the chance to lead C100, share his own experiences, and help others do the same—particularly at the growth stage.

“I’m an incredibly passionate Canadian who really wants to take all of the unique and interesting things that we get exposed to in Silicon Valley and help to share that across the Canadian innovation ecosystem,” said Buhr.

Newal, a former MaRS exec who also spent time with Microsoft and Yahoo, first joined C100 as CEO in August 2022 to spearhead the organization’s international expansion plans.

According to Buhr, Newal recently left to pursue other opportunities. Buhr said his departure was a mutual decision between Newal and C100’s board of directors, and the outgoing CEO is supporting the leadership transition. BetaKit has reached out to Newal for comment.

RELATED: C100 taps former MaRS exec Ray Newal as its new CEO

Founded in 2009, C100 is a global network of experienced Canadian tech founders, operators, and investors aimed at supporting Canada’s next generation of ambitious tech entrepreneurs.

Buhr noted that the non-profit association’s initial focus was on helping early-stage Canadian-led startups address early-stage startup issues. Fifteen years later, Buhr said that other organizations have cropped up to help fill this gap and many of those nascent tech firms have graduated into large, successful companies currently or previously led by C100 members.

Going forward, Buhr sees a “big opportunity” for C100 to help other growth-stage companies reach that level by connecting them with folks in its network that have been there before.

“The way I would judge myself is how do we get more really successful billion-dollar Canadian companies like PointClickCare, or like Shopify, where just the creation of those companies and the wealth that [they] generate, and the entrepreneurship [they] generate, will then continue to create a much bigger ecosystem across Canada.”

To help achieve this, Buhr plans to expand some of C100’s existing events to include growth-stage founders and launch new programming catering toward them as it looks to create more forums for experienced entrepreneurs to share their knowledge with developing founders—while still supporting early-stage folks.

“The intent is, how do we not only support the early-stage entrepreneurs but now, going forward, how do we continue that so that we can help you as a company figure out how to grow from $10 million revenue, to $100 million in revenue, to $100 billion in revenue,” said Buhr. “Why? Because somewhere in our membership, somebody’s already been through that.”

This time around C100 chose to make its leader an executive director instead of a CEO. 

“Where there is a really big opportunity is to engage our membership in the C100 even more than we’ve been doing,” said Buhr. “I’m going to be more engaged with our board, I’m going to be more engaged with our membership, while also running and acting as the CEO.”

Feature image courtesy C100.

The post C100 hires Michael Buhr as next leader, with Ray Newal out as CEO first appeared on BetaKit.

Originally published on BetaKit : Original article

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