This tracks with my observations. Perhaps the rise of remote work will move this needle a bit, but what you said has been true for at least a few decades. Canad

This tracks with my observations. Perhaps the rise of remote work will move this needle a bit, but what you said has been true for at least a few decades. Canada has excellent execution ability (open secret in the industry) but too few companies to leverage that ability, or at least they're narrowly focused in certain industries like banking and natural resource extraction. That said, if you roll the dice enough, you get lucky sometimes. Tobi Luetke (Shopify founder/CEO) is an immigrant from Germany. Mike Laziridis (Blackberry founder/CEO) was born in Istanbul of Greek parents. Michael Cowpland (Corel founder/CEO) was an immigrant from the UK. Many of these outsized successes were low probability, high impact.