Y Combinator website no longer lists Canada as a country it invests in
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Re: Y Combinator website no longer lists Canada as a country it invests in
#2I haven't talked to anyone at YC about this, have no inside information, and can't read the article*, but I imagine this is some technical change about where startups are incorporated. I'm sure applications from Canadian founders are as welcome as ever and there will be no change on the level of which applications get funded.
(* edit: I originally posted this in https://news.ycombinator.com/item?id=46772809 but have since merged the thread hither)
Re: Y Combinator website no longer lists Canada as a country it invests in
#3I haven't talked to anyone at YC about this, have no inside information, and can't read the article*, but I imagine this is some technical change about where startups are incorporated. I'm sure applications from Canadian founders are as welcome as ever and there will be no change on the level of which applications get funded. (* edit: I originally posted this in https://news.ycombinator.com/item?id=46772809 but have…
Seems like a very bizarre move, considering Canadian-domiciled corporations have access to very generous financial incentives (SR&ED) at both federal and provincial levels.
Can't help but think this is a move meant to satisfy the US admin.
Re: Y Combinator website no longer lists Canada as a country it invests in
#4Is it politically motivated or does it have to do with Canadian tech not requiring investment because of its stability?
Re: Y Combinator website no longer lists Canada as a country it invests in
#5> “It’s the Valley-or-bust mentality that breaks the ecosystem and really hurts Canada,” Gomez said.
Canadian pride isn't enough to keep a company in Canada. There are real and significant economic incentives to move elsewhere. That said, it's disappointing that YC no longer supports Canadian companies.
Re: Y Combinator website no longer lists Canada as a country it invests in
#6Is it politically motivated or does it have to do with Canadian tech not requiring investment because of its stability?
I would bet it's politically motivated, YC strikes me as money at all costs, and very dismissive of the techno feudalism they help support
Re: Y Combinator website no longer lists Canada as a country it invests in
#7[flagged]
Re: Y Combinator website no longer lists Canada as a country it invests in
#8Disappointing.
Re: Y Combinator website no longer lists Canada as a country it invests in
#9That's truly saddening. I hope there will be more VC backing in Canada because the talent is definitely there.
Re: Y Combinator website no longer lists Canada as a country it invests in
#10Is it politically motivated or does it have to do with Canadian tech not requiring investment because of its stability?
Shopify is basically the only really successful Canadian start-up.
It's very hard to run a very small business here.