BCBusiness

66 BCBusiness FEBRUARY 2016 ILLUSTRATION BY GARY CLEMENT THREE THINGS ABOUT... SCOTT LARSON 1. Larson was born and raised in Pakistan, where his parents were Christian missionaries, and spent time in both B.C. and Pakistan until graduating from high school there in 1990. "I loved it–it was fun and I had many local and international friends; it was cer- tainly different then to what it is now." 2. Partial to watches (he wears the "astronaut watch"–Omega's Speedmaster Skywalker X-33–given to him by Roscosmos), he would like to design one in the future. 3. Larson was never interested in space grow- ing up but found it more intriguing after being immersed in it. "I haven't signed up to go to Mars. If there was a ticket to ride on Virgin Galactic or the space station, that would be one thing, but it's just to get up there and look down." S urrounded by rocket scientists and PhD graduates, Scott Larson believes he wouldn't have been on theUrtheCast Corp. payroll if he weren't the co- founder. "There's no way I would get a job now— at any level," he says over aburi sushi at Miku restaurant near the Coal Harbour HQ of the company that suppliesUltra HD images taken from cameras in space. "And that's 100 per cent true—not anyone being humble." Larson's words prove prescient: we meet just weeks before his announcement to step down from the company he founded in 2010 with George Tyc and brother Wade Larson (who takes over as CEO), and return to the entrepreneurial life. In an email to UrtheCast's 190 employees in early December, Larson wrote that he was "a start-up guy and I am proud to say that UrtheCast is no longer a start- up." (He remains a shareholder.) Larson credits much of the company's success with a re- spect for the expertise of its "totally di•erent ecosys- tems"—whether that's program- ming which can be "tweaked over and over again" at their o–ces in San Francisco (UrtheCast is also inWashington, D.C., St. Louis, Madrid and Moscow)or working with experts in spacewhere "you can't go back to iterate."With Roscosmos, the Russian federal space agency, it installed its ™rst cameras on the International Space Station, and with NASA it struck a deal to stream in real time its high-de™nition Earth view- ing (HDEV) data. UrtheCast began after B.C.-based aero- space company MacDonald Dettwiler & Associates ( MDA), for whom Wade worked at the time, turned down Russia's request for a camera. "MDA said, 'It's not really what we do,' and my brother asked me if I thought this was a good idea," recalls Larson. While the introduc- tion may have been opportunistic, building the company was wholly strategic: "I understood technolo¢y and I knew some rich people, but it was a bit of a spacewalk for sure." Explaining the role of CEO in a publicly traded company, Larson puts it bluntly: "The ™rst thing is, don't screw it up and don't get your fat greasy ™ngers in there with your big ego.Then try to create a vibe that allows people to do what they are supposed to—and if you can do those two things well, then you have a chance." With increasing demand for its proprietary images—such as those used for Pepsi's marketing in the ™lmBlack Knight Decoded and Heineken's "£irst sel™e from space," used in its James BondSpectrecampaign— UrtheCast realized revenue of $27 million in the £irst nine months of 2015. The 43-year-old Larson describes UrtheCast's market as a pyramid that includes government customers (such as forestry and defence) at the top, and then business- to-business. Using algo- rithms,for example,the imag- ery can help to collect data from di•erent sources and predict the future, such as counting the trains leaving facto- ries in China to determine the level of produc- tion."When you hear people talking about big data analytics, this is the heart of it." During his time as CEO, Larson spent a lot of time ricocheting between investor and other meetings in Toronto, Boston, New York, London, Zurich and Moscow every few months; that followed years of a fast-paced life in ™nance as managing director at Cambio Merchant Capital Corp.,director at Redgate Capital Inc., VP at Devante Capital and manager at Stratford Internet Technologies. Now that he's stepping back, Larson can ™nally relax and take some time o• with his wife Paula and their two young daughters in Burnaby. After all, his life, he says, revolves around work and his "three girls." ■ Beam Me Down UrtheCast's Scott Larson steps away from the tech company he co-founded following ve years of meteoric growth by Lucy Hyslop NEXT MONTH Developer Rob Macdonald on what it's like to be on the outside looking in L u n c h W i t h L u c y be one thing, but it's just to get up there and look

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