Canadian startups can and should be much more nimble, but more critically, there just is no incentive for a venture capital ecosystem to develop within Canada - individuals with capital who could become LPs are uninterested in investing in Canadian VCs [0] and a large portion of richest Canadians [1] (especially Canadians who succeeded in tech entrepreneurship) are heavily aligned with MAGA.
This article is most likely going to fall off the front page soon if it hasn’t already.
I was surprised YC went back to accepting Canadian companies. In the past when I’d bring up issues on HN with regards to the Canadian tech sector, people would try to refute until other Canadians stepped in to back me up. It’s ridiculous. Someone even told me I need to be less pessimistic. What in the living fuck.
My theory is that, as I have seen, YC probably internally is going to arrange for Canadian founders to relocate to the states (as they have always done). So to them, not getting a potential Canadian company like a Shopify would be a loss.
Canada has very little incentive to have a healthy tech sector in its own right. The country is a tax farm owned by bankers who put a banker in charge. YC had a chance to spell it out but oh well. We need grassroots movements and maker spaces like no tomorrow. Shenzhen is so far ahead it’s fucking pathetic.
I’m well paid but if I had to do it over again I’d join with the rest of my colleagues who went off to much, much greener pastures. The article almost mocks brain drain but it is an understatement. Lots of my colleagues are lining up for US immigration. Trump? Right-wing politics? What a fucking farce.
[0] - https://news.ycombinator.com/item?id=46774220
[1] - https://news.ycombinator.com/item?id=46779984
I was surprised YC went back to accepting Canadian companies. In the past when I’d bring up issues on HN with regards to the Canadian tech sector, people would try to refute until other Canadians stepped in to back me up. It’s ridiculous. Someone even told me I need to be less pessimistic. What in the living fuck.
My theory is that, as I have seen, YC probably internally is going to arrange for Canadian founders to relocate to the states (as they have always done). So to them, not getting a potential Canadian company like a Shopify would be a loss.
Canada has very little incentive to have a healthy tech sector in its own right. The country is a tax farm owned by bankers who put a banker in charge. YC had a chance to spell it out but oh well. We need grassroots movements and maker spaces like no tomorrow. Shenzhen is so far ahead it’s fucking pathetic.
I’m well paid but if I had to do it over again I’d join with the rest of my colleagues who went off to much, much greener pastures. The article almost mocks brain drain but it is an understatement. Lots of my colleagues are lining up for US immigration. Trump? Right-wing politics? What a fucking farce.
Money talks. Bullshit walks.