4 ms·
Right. That's why we need to be outward looking and tap into US capital markets/ecosystems [1] -- and also beyond, into untapped ecosystems in growth markets l
by wenc 6y ago
Right. That's why we need to be outward looking and tap into US capital markets/ecosystems [1] -- and also beyond, into untapped ecosystems in growth markets like Southeast Asia (which has a very active VC/startup ecosystem, but most Canadians wouldn't know this). There are many parts of the world where we just don't have a presence because we like orderliness and like to focus on developed markets. [2]
We need to evolve to be more than just hewers of wood and drawers of water.
Global companies in smaller European countries didn't look domestically to grow -- they either have had to have an EU/global business model from day 1 or in the case of older companies, had to evolve in that direction. When you're small, you have no choice.
[1] If you look at YC lists in recent years there are usually a few Canadian companies in there.
[2] Most Canadians have an affinity to Europe because they think the setup similar to ours, but unfortunately Europe is heavy on regulations, not a growth market and not a good bet