Canada wants startups. Each province begs entrepreneurs to launch tech companies on their soil through tax breaks, grants, mentorship programs, “incubators” and “accelerators.” What they can’t offer is capital.
Canada doesn’t have a lot of venture capital firms, and the VCs we do have are known for being fickle, thrifty, conservative and nervous. Compare that to Silicon Valley, where the hot strategy is to throw caution to the wind, seeding dozens of ideas with a little bit of cash instead of pumping millions of dollars into a few cherry-picked concepts. No wonder why our best developers head down south to launch their ideas.
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