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It's not just money (though it is a big factor). The lower variety of jobs, the smaller startup pool, the more risk-averse investment community and proximity to
by allengeorge 9y ago
It's not just money (though it is a big factor). The lower variety of jobs, the smaller startup pool, the more risk-averse investment community and proximity to the US all play a role.
I'd also wager it's harder for consumer-focused companies to take off in Canada: geography and our small population work against gaining scale. It's much easier for a US company to gain scale and move North. To do the equivalent, a Canadian company would have to learn to become global fairly early.
Oh, and, apropos of nothing, Canadian management talent is poor.
- whipoodle 9y agoThe money is a sine qua non. You won't have the startup pool, therefore investors, without the well-paid employees who go on to start the startups.
- TimPC 9y agoI think starting a company in Canada has a first addressable market problem which leads to a revenue problem which leads to a VC investment problem which leads to a talent problem. I want this to be fixed because I like living in Canada better than the US but won't do it at less than half the savings per year.