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Paquin remembered as ‘inspiration’ for entrepreneurs
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BY PETER KOVESSY pkovessy@obj.ca
Business executives from Ottawa and around the world are paying tribute to Antoine Paquin, a serial entrepreneur at the forefront of the city’s telecom boom in the ’90s who remained a leader in Ottawa’s tech industry for more than two decades. Mr. Paquin, who co-founded Skystone Systems before selling the semiconductor firm to Cisco Systems for $89 million and leading a string of high-tech ventures, died May 23 at the age of 50. “His contribution to Ottawa’s tech community cannot be understated,” InCa Synergies founder Raj Narula told OBJ. “Antoine was a remarkable individual with a knack of humour, intelligence, compassion and a true sense of respect for mankind.”
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Michael Hapke | President/CEO Frank Napolitano | Vice President Dealing Representative Mortgage Brokers Michael Hapke | President/CEO Frank Napolitano | ViceOttawa President Dealing Representative Mortgage Brokers Ottawa Michael Hapke | President/CEO Frank Napolitano | Vice President Mortgage Brokers Ottawa Dealing Representative Mortgage Brokers Ottawa AdvancedMortgage MortgageBrokers Investment Corporation Ottawa Michael Hapke | President/CEO Frank Napolitano | Vice President Advanced Capital Corporation Advanced Mortgage Investment Corporation Mortgage Brokers Ottawa Dealing Representative Mortgage Brokers Ottawa Direct 613-656-0866 Advanced Capital Corporation Advanced Mortgage Investment Corporation www.mortgagebrokersottawa.com Direct Capital 613-656-0866 Mortgage Brokers Ottawa Advanced Corporation www.advancedmortgageinvestmentcorp.com www.mortgagebrokersottawa.com Advanced Mortgage Investment Corporation Direct 613-656-0866 www.advancedcapitalcorp.com www.advancedmortgageinvestmentcorp.com Advanced Capital Corporation www.mortgagebrokersottawa.com www.advancedcapitalcorp.com 613-656-0866 This information is for general information only andDirect is not intended to provide specific personalized advice including limitation, investment, www.advancedmortgageinvestmentcorp.com financial, legal, accounting or tax advice. Please consult an appropriate professional regarding your particular circumstance. Past performance is www.mortgagebrokersottawa.com This information is for general information only and is not intended specifi including with limitation, investment, www.advancedcapitalcorp.com no indication of future returns. Please book an appointment with to ourprovide Dealing Repctopersonalized review the advice risks associated this investment. financial, legal, accounting or tax www.advancedmortgageinvestmentcorp.com advice. Please consult an appropriate professional regarding your particular circumstance. Past performance is This informationofisfuture for general information onlyanand is not intended specifi including with limitation, investment, no indication returns. Please book appointment with to ourprovide Dealing Repctopersonalized review the advice risks associated this investment. financial, legal, accounting or tax advice. Please consult an appropriate professional regarding your particular circumstance. Past performance is www.advancedcapitalcorp.com no indication of future returns. Please book an appointment with our Dealing Rep to review the risks associated with this investment. This information is for general information only and is not intended to provide specific personalized advice including limitation, investment, financial, legal, accounting or tax advice. Please consult an appropriate professional regarding your particular circumstance. Past performance is no indication of future returns. Please book an appointment with our Dealing Rep to review the risks associated with this investment.
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according to a 2001 Globe and Mail report. But it was what he did after those transactions that stood out in the minds of some colleagues. “He was one of the first guys to really celebrate the success of wealth,” said Bruce Lazenby, the former head of economic development agency Invest Ottawa who travelled to China with Mr. Paquin a few years ago. “He wasn’t shy about it. He was part of that generation that did really well in that crazy time and came back to do it again. A lot of guys from that generation went off to do other things ... But Antoine kept at it.” In the early 2000s, he took the helm of Bitflash, a local company that developed early software that enabled graphics to be displayed on wireless devices, as well as semiconductor manufacturer Axiom Microdevices. Mr. Paquin would later move to California, serve on the boards of a half-dozen firms and join the investor community as general manager of Rho Canada Ventures. In 2009, he founded Ottawa-based Solantro Semiconductor, a company that designs and manufactures chips for the solar power industry. “Renewable energy is the place to be,” Mr. Paquin told OBJ in 2015 after Solantro raised $11 million in series-B financing. “People think the Internet was massive, but we haven’t seen anything yet.” Jay Khosla, an assistant deputy minister at Natural Resources Canada, said Mr. Paquin’s “keen intellect, creative disposition and drive to make the world a better place will be missed by all those who were fortunate to make his acquaintance and call him a friend.” – Raj Narula and David Sali contributed reporting to this story
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MONDAY, JUNE 5, 2017
Born in Montreal on Dec. 29, 1966, Mr. Paquin spent his formative years in Quebec, Algeria and France and later studied at the Royal Military College of Canada, Carleton University, the University of California and the Université du Québec en Outaouais, according to an online obituary. He once described “the direct link between action and consequence” as one of the most rewarding parts of being an entrepreneur. After a stint at Bell Northern Research, he went on to build and sell two Ottawa semiconductor firms in less than six years. In addition to the sale of Skystone to Cisco, Mr. Paquin led Philsar Semiconductor – a company that raised millions of dollars in venture capital and was sold to Conexant Systems for more than US$200 million in shares in 2000. “His product became a billion-dollar business unit within the world’s leading Internet telecommunications company. Not many in Canada have had the luck to create a nine-figure business … and yet Antoine has done several,” said Ray Sharma, the CEO of Extreme Venture Partners. He said he would remember his “dear friend” as “one of the most colourful of entrepreneurs. “Although a shy individual, Antoine was graceful … and flamboyant in his love of fast cars, big homes and tech startups,” Mr. Sharma said. The sales gave Mr. Paquin an estimated net worth of $200 million,
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