2 ms·
> You can't expect a nation to develop the next FANG when people's idea of business is purchasing a home in the "suburbs" of Toronto and renting out its basemen
by sofixa 2y ago
> You can't expect a nation to develop the next FANG when people's idea of business is purchasing a home in the "suburbs" of Toronto and renting out its basement.
Serious question: do you think having the next FANG is desirable? Many people would say that those companies (Netflix are kind of the exception) are too big, too powerful, stifling competition and innovation, and even deserve to be broken up.
Lots of folks would create their own business, but it takes a special person to dream of world domination and want their company to be a global multi-industry behemoth. As a fun example, contrast successful restaurants in France vs in US. In France, very few restauranteurs branch out with other locations or start their own chain, it's considered a sort of selling out/diluting of quality. That's how you have decades old highly profitable and loved restaurants that are just there and work well. In the US you have to make it big, expand, increase sales, add locations, make it a chain, etc.