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Capital is virtually non-existent compared to Silicon Valley or even New York City. That's the #1 issue faced by startups in Canada.
by acangiano 12y ago
Capital is virtually non-existent compared to Silicon Valley or even New York City. That's the #1 issue faced by startups in Canada.
- Scoundreller 12y agoDoes this mean an astute VC could set-up shop in Toronto (or elsewhere in Canada) and make a killing? Or is there some other structural barrier?
- acangiano 12y agoThere are some investment "bridges", usually ran by Canadians who made money in the States and are now helping out. I'm not well versed enough in the legality of US-entities investing in Canada, but in principle yes, the opportunity is there.
- zmitri 12y agoIn Waterloo I think it's possible with a seed fund that puts in 100-150k at 2 to 3M valuations before the good ones get picked up by YC. A lot of Canadians move down to the states anyway because developer salaries are like 2-3x higher.