Waterloo is an anomaly due to young blood and highly selective culture but the real problem is Canadian culture. As soon as it hit that, RIM collapsed. Canadian

Waterloo is an anomaly due to young blood and highly selective culture but the real problem is Canadian culture. As soon as it hit that, RIM collapsed. Canadians simply don't have the risk appetite to test new ideas and change directions. Hence you will not find a single company in Canada which is at all innovative or disrupting.