Zip.ca Going Big

In Canada, entrepreneurs never seem to dream big enough. They want to be successful but few of them talk about conquering their markets. Zip.ca, which aspires to be Canada's NetFlix, appears to be an exception to the rule. The Ottawa-based company wants to raise $25-million to enhance its marketing and advertising programs, as well as expand its 52,000-title DVD library. In Canada, $25-million is a big chunk of change but Zip CEO Rick Anderson sees no reason why the privately-owned company can't have revenue of $100-million (about 10X current sales) and a 300,000 DVD library in a few years. With video downloads becoming all the rage, Zip has already positioned itself with technology to deliver downloads and streaming video, although Anderson believes the download market is moving forward slowly.
Update: A story on Zip's plans in the National Post can be found here.