Some people are born an entrepreneur, and others become one. Martin-Luc Archambault most definitely belongs to the first category. In elementary school he was already selling gadgets and firecrackers in the schoolyard. Nothing has really changed, except the size of his projects. At 36 years old, he dedicates his time between investing and his role in AmpMe, the start-up he hopes will take over the world.
AmpMe is a mobile app that allows a few smartphones to link up and play the same song simultaneously, transforming their weak speaker system into a collective amplifier that is powerful enough to supply music for a party.
Martin-Luc was in the mood to party when he found himself in an apartment with no sound system. And that’s when the idea for his start-up came to him. It was by far the most ambitious idea the entrepreneur had had to date. The AmpMe project had bigger goals than just creating a successful business, “it’s to connect people through music, and music makes people happy!”
Discover also : Chat with Martin-Luc Archambault on November 15, 2016
The application, downloaded over three million times, caught the interest of investors in Silicon Valley, who have invested over ten million dollars, “in something that has never before been seen for a Montreal application intended for consumers without a proven business model,” said Martin-Luc Archambault.
AmpMe’s success is no doubt due to the many lessons Martin-Luc learned throughout his entrepreneurial career. Right out of CEGEP he launched a site with information on scholarships, which “went well.” But it was during his studies at HEC that he had his first great idea: to create a search bar directly within the web browser. “Today, it’s the norm, but at the time, it was really innovative!” The proof: three years after graduating, he sold his company to Zango, a portfolio company out of Seattle. In his mid-twenties, he was already a millionaire.
Instead of retiring early, Martin-Luc decided to use that money to create other companies, like Wajam, which improves Google search results with popular content from your social media friends. He also dedicated his time to mentoring, which he has done through his investment in MLA Ventures. “In 2008, I started thinking that I had a lot to teach people. But finally, I met some really interesting entrepreneurs and realized they had a lot to teach me as well.” He is also an entrepreneur coach for a new techno course at the EEB (École D’Entrepreneurship de Beauce.)
Meeting people and networking: these words are omnipresent in Martin-Luc’s vocabulary. He encourages entrepreneurs to get out there. “Mix fun with business, he advises. If you want to go skiing, invite some business contacts along with you.”
Above all, he recommends broadening your horizons and ambitions beyond the province.
“Yes, there is a lot of talent in Montreal and Quebec to launch a start-up. But at some point, you have to go outside to New York or San Francisco, where real things happen.”
He walks the walk, because the entrepreneur is out of Quebec at least ten times a month.
That being said, all entrepreneurs need to take the time to unwind, the businessman reminds us. For him, it’s with his kids that he does this. “I get home at 4:30 p.m., and they go to bed at 7:30 p.m.. During that time, my time is devoted to them and I make every effort to put my phone away.”
This makes Martin-Luc happy. He has begun showing his kids what entrepreneurship is all about. “I participated in “La grande journée des petits entrepreneurs” with my daughter. Her dream is to buy a hamster so she sells popsicles.”
- 10 million: the value in American dollars of all investments in AmpMe
- Over 3 million: Downloads for AmpMe for iPhone and Android.
- 17: Employees in the AmpMe offices
Want to learn more?Visit the AmpMe website