The startup scene here in Vancouver is scrappy but really shouldn't be compared to SV in any way, it's just not a fair comparison. We are, however, woefully under-represented with experienced seed stage investors, as the author states. The few that are here have abandoned seed and pre seed and are exclusively VC, mid to late round investors. Can't blame them, either, as the wins are still few and far between. Vancity…
Canada is North America’s up-and-coming startup center
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Re: Canada is North America’s up-and-coming startup center
#22It makes me feel proud that Canada has been North America’s up-and-coming startup center since I graduated from Waterloo over 20 years ago. That's a solid, consistent track record of almost being there.
Re: Canada is North America’s up-and-coming startup center
#23" Similarly, sub-zero temperatures scare people to warmer areas, leading to a brain drain and serious demand for startup-orientated marketers." Living in one of the cities, sub-zero might have an impact but I don't think it's the brain drain main reason. For aspiring founder, I think it's more related to insufficient founding. For engineers, I think the very low salaries is more to blame. Even if cost of living is a…
It's hard to do a proper comparison of costs unless you're young and single. Consider medical costs (usually, but not always covered by your US employer), and family-related costs (school for kids is the biggest I can think of: private schools and private universities being more expensive in the US).
That being said, I'm a product of the public schooling system in Scarborough/Markham. Which could possibly have the best free public schools in North America.
Re: Canada is North America’s up-and-coming startup center
#24The startup scene here in Vancouver is scrappy but really shouldn't be compared to SV in any way, it's just not a fair comparison. We are, however, woefully under-represented with experienced seed stage investors, as the author states. The few that are here have abandoned seed and pre seed and are exclusively VC, mid to late round investors. Can't blame them, either, as the wins are still few and far between. Vancity…
It's not just money. You need the backing of movers and shakers who know doors to knock, open, and barge through.
Just had a convo with a NYC venture friend who was raised here in Vancity and his quote was revealing. He said the stink of the VSE resource pump and dump era is still prevalent.
I've been approached by 3 different groups trying to list us pre launch here in town. When that's the culture of the investment scene, it's tough to make anything great.
Re: Canada is North America’s up-and-coming startup center
#25Seems like Conrad is doing the equivalent of one of those $YOUR_CITY voted best place to live 2017 articles, but instead for entire countries, and specifically for startups. Not saying he's necessarily wrong about any of this though, I wouldn't know. https://techcrunch.com/contributor/conrad-egusa/
Re: Canada is North America’s up-and-coming startup center
#26" Similarly, sub-zero temperatures scare people to warmer areas, leading to a brain drain and serious demand for startup-orientated marketers." Living in one of the cities, sub-zero might have an impact but I don't think it's the brain drain main reason. For aspiring founder, I think it's more related to insufficient founding. For engineers, I think the very low salaries is more to blame. Even if cost of living is a…
The Bay Area is strange in that well-funded startups can actually hire top talent at below-market rates because quite frankly a ton of these ex-Googlers really have more money than they know what to do with. They just want a new adventure.
Re: Canada is North America’s up-and-coming startup center
#27Machine learning specialist: US 108k, Canada 53k (49%)
Embedded applications/devices developer: US 100k, Canada 53k (53%)
Systems administrator: US 90k, Canda 49k (55%)
Doubling your salary by moving south across the border is a very tempting option, especially considering that NAFTA makes it extremely easy to do so. No need to wait for an H1-B, just show up at the border with job offer & credentials in hand, assuming you've graduated college. TN visas are instant and infinitely renewable.
[1] https://stackoverflow.com/insights/survey/2017#work-salaries...
Re: Canada is North America’s up-and-coming startup center
#28A lot of these press releases come from top down incentives, tax cuts, special programs and such that. The problem is they fail to capture all the reasons and causes a startup center is a startup center.
One thing might help is to start war for example and have the Canadian defense ministry invest heavily in war technologies and hand out cash to develop radars :-) or other such non-obvious things.
Re: Canada is North America’s up-and-coming startup center
#29What bothers me about these articles is that they lay out all these reasons for why a place will be great, or is a great place to start a company, but then why -- in spite of these assets -- does that place not produce like Silicon Valley? I am not saying Toronto is not a great city to live and work and start a business. But if it has all these things going for it, why isn't it producing startup value per capita like…
There are a number of startups here, but there are also many community/social innovation hubs[1] and organizations that draw in a lot of people who come here to start something up.
The number of jobs I have seen posted for the "Next Flipp!" the "Next Uber!!!" is outstanding. How many flyer-aggregate apps do people really need? There's an odd lack of creative capital in business for a city that prides itself on the arts.
I think some of that is due to social pressures. Many in the arts here, at least the people who would need the money, seem to think earning any real money is evil unless you earned your $10.50 an hour working on the line in a diner kitchen. As if a financially successful business is inherently a corrupt business.
Other organizations like Enterprise Toronto[2] seem like great ideas to bolster people in theory, but (speaking only from my experience) it seems to attract people who want to only run their quaint one-man dev-designer gig with enough money to do what they want, and all the free time to do it. Sounds kind of nice, but the city is flooded with people who have the same dream. (Maybe there's more space for it these days, and maybe I should get in on it).
Your last paragraph raises very good questions, and the answers are probably too many: the best talent goes to California/New York/Boston(/Waterloo?), or otherwise the best talent here doesn't get into business but stays in academics. Some of the highest capital here seems to be made through selling to American companies.[3] Then of course the social factors I mentioned: it might just be that the dream is a little different for a lot of people who come here. They didn't necessarily come to strike it big with a company, but more for the culture of the place. Like you put it: having startups is not essential for a great city.
[1] https://socialinnovation.org/ [2] http://www1.toronto.ca/wps/portal/contentonly?vgnextoid=0323... [3] https://motherboard.vice.com/en_us/article/why-is-canadian-m...
edit: I should add the obligatory MaRS is an awesome resource comment. https://www.marsdd.com/
Re: Canada is North America’s up-and-coming startup center
#30This article doesn't mention one of the major reasons for talent leaving Canada: if you work there, you need to stomach a 50% pay cut in average salaries vs the US. This is true pretty much across the board regardless of tech niche on the 2017 Stack Overflow Developer Survey[1]: Machine learning specialist: US 108k, Canada 53k (49%) Embedded applications/devices developer: US 100k, Canada 53k (53%) Systems administra…