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Originally from Calgary and I concur with the poster above. Canadians tend to think small. For venture the culture has been so burned by pump and dump penny sto
by rdlecler1 8y ago
Originally from Calgary and I concur with the poster above. Canadians tend to think small. For venture the culture has been so burned by pump and dump penny stocks that there is no patient capital. Canada needs an enormous influx of venture capital. The problem is, is that the crown corporations who can make those bets are limited to investing in Canadian funds. If they could invest 10% into a US fund and the US fund agreed to invest 10% of the portfolio into Canada it could really open up the market.
- brandon272 8y agoAre we talking about entrepreneurs or investors? I was talking about entrepreneurs, myself, and I think my point stands. I agree that the market for capital and venture investing is far different in Canada than in the US. But as far as that is concerned, couldn't it be argued that the market for venture capital and investing is far different in Silicon Valley than in most other places in the U.S., even?
- rdlecler1 8y agoBoth. If I am talented and I’m confident that money is available I’ll start a business. If money is scarce I’ll work at BigCo or move to SV and start a company. That leaves you with less than stellar talent. I’ve seen the same thing happen in the agrifood tech space. As more money has come into the sector we’ve seen more high quality entrepreneurs.