Earlier quoted context omitted.
I'm not sure "promising startup" describes North (previously Thalmic Labs) that well. Everything I've heard around the Waterloo tech scene is that it was mostly smoke and mirrors from the founders who were able to maintain their own lifestyles using grants from the Canadian government. Tales from past employees are not flattering. Being bought by Google is likely the best thing that could happen to both the founders…
> mostly smoke and mirrors from the founders who were able to maintain their own lifestyles using grants from the Canadian government This describes a surprisingly high number of companies I’ve worked at in Canada. These SRED credits keep afloat so many companies that should have otherwise perished and that won’t ever go anywhere. You can even hire SRED consultants that will help you milk those credits as much as pos…
Even better, many SRED consultants work on a contingent basis, i.e. they just get a fraction of your SRED refund!