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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

#141
post #118
post #40

Earlier quoted context omitted.

Somewhat. Our provinces have fewer rights, powers and responsibilities than US states. The experience is more homogenous. It's only a nightmare if you hate all taxes and labour rights. So, you know, YC

What labor laws are you encountering with a 10 person software company in Canada?

Who said 10?

Re: Y Combinator website no longer lists Canada as a country it invests in

#142

Earlier quoted context omitted.

Thanks for your comment. I have in my mind to start a hardware focused business in Ontario. I am a little afraid now, but hopefully, I have better luck than you. Can you expand a bit more on how difficult it is to deliver hardware product orders to other countries? Whichever countries you have experience in.

In my case I need phytosanitary certificates, with the complexity and overhead varying by destination. It isn't hardware like electronics or manufactured goods, but sterile plant cultures in jars. The main requirement is having the products and pipeline inspected by the CFIA. The primary tension and strain comes from deciding where your market is, I think. You can simplify your overhead in obtaining certificates and…

Thanks for the detailed answer.

> What kind of hardware are you manufacturing?

Simple electronics. Think a flashlight or something a bit more complex. Product contains a lithium ion battery.

Re: Y Combinator website no longer lists Canada as a country it invests in

#143

Earlier quoted context omitted.

In my case I need phytosanitary certificates, with the complexity and overhead varying by destination. It isn't hardware like electronics or manufactured goods, but sterile plant cultures in jars. The main requirement is having the products and pipeline inspected by the CFIA. The primary tension and strain comes from deciding where your market is, I think. You can simplify your overhead in obtaining certificates and…

Thanks for the detailed answer. > What kind of hardware are you manufacturing? Simple electronics. Think a flashlight or something a bit more complex. Product contains a lithium ion battery.

Nice, that sounds fun! Some day I'd love to explore that kind of product development and manufacturing. I think there's certification involved there too, though I'm not sure if there is if it's not a home appliance. I hope it's smooth sailing!

Re: Y Combinator website no longer lists Canada as a country it invests in

#144
post #128

Earlier quoted context omitted.

Thanks for your comment. I have in my mind to start a hardware focused business in Ontario. I am a little afraid now, but hopefully, I have better luck than you. Can you expand a bit more on how difficult it is to deliver hardware product orders to other countries? Whichever countries you have experience in.

Hardware should be much easier, especially if you get your boards fabbed and assembled at a CM (which you probably should, very few companies have a good reason to move assembly in-house).

> especially if you get your boards fabbed and assembled at a CM

I wasn't aware that this simplifies things. How does that work?

Re: Y Combinator website no longer lists Canada as a country it invests in

#145
post #118

Earlier quoted context omitted.

What labor laws are you encountering with a 10 person software company in Canada?

Who said 10?

Again: what does any of this have to do with labor laws? I get that you're just responding to the comment there, but you kind of started this thread with your "you know, YC" thing, and it's still totally unclear what any of this has to do with operating a company in Canada. You can still operate YC companies in Canada!

Re: Y Combinator website no longer lists Canada as a country it invests in

#146
post #9

That's truly saddening. I hope there will be more VC backing in Canada because the talent is definitely there.

I have to disagree.

Canada loses a lot of its top talent every year to the US, mostly because of the TN visa. Canadian talent leaves Canada every year, and less investment is not going to help.

This is made worse by Canadian investment culture being very conservative, and not loving startups in general.

Re: Y Combinator website no longer lists Canada as a country it invests in

#147

Earlier quoted context omitted.

Who said 10?

Again: what does any of this have to do with labor laws? I get that you're just responding to the comment there, but you kind of started this thread with your "you know, YC" thing, and it's still totally unclear what any of this has to do with operating a company in Canada. You can still operate YC companies in Canada!

Not new ones? Unless I misread the OP?

Re: Y Combinator website no longer lists Canada as a country it invests in

#148

Earlier quoted context omitted.

Again: what does any of this have to do with labor laws? I get that you're just responding to the comment there, but you kind of started this thread with your "you know, YC" thing, and it's still totally unclear what any of this has to do with operating a company in Canada. You can still operate YC companies in Canada!

Not new ones? Unless I misread the OP?

Ah, see. Here's the problem. Yes: you misread the OP. You've misunderstood what's happening here. YC still funds Canadian startups. They don't have to move. They retain their Canadian HQ. Their operations remain in Canada.

Re: Y Combinator website no longer lists Canada as a country it invests in

#149

Earlier quoted context omitted.

Not new ones? Unless I misread the OP?

Ah, see. Here's the problem. Yes: you misread the OP. You've misunderstood what's happening here. YC still funds Canadian startups. They don't have to move. They retain their Canadian HQ. Their operations remain in Canada.

Then explain their messaging. Canada no longer listed.

Re: Y Combinator website no longer lists Canada as a country it invests in

#150

Earlier quoted context omitted.

Ah, see. Here's the problem. Yes: you misread the OP. You've misunderstood what's happening here. YC still funds Canadian startups. They don't have to move. They retain their Canadian HQ. Their operations remain in Canada.

Then explain their messaging. Canada no longer listed.

Neither is the UK, Germany, Spain, or India, all places with with YC companies in them. None of those locales have ever been in the standard YC deal terms.

What founders in Europe (say, in the Netherland, where YC invested in Servo7 in the W26 batch) do to accept funding from YC is a "flipped structure": they create a new Delaware Corporation, which then acquires the original company and runs it as a subsidiary. The founders retain the same ownership of the new DE company as they would have had they been in the US. Literally nothing else changes about the operation of the company.

This structure is so standard that Canadian YC companies already tended to do it. You've got Dan in this thread talking about how he and Scott did it with Skysheets back in the mid-aughts. Whatever else YC is OK with, future priced-round investors want companies incorporated in the US.

I'm sorry, but you were wrong; your analysis of what this change meant was based on a wildly false premise. The prospects of founders in Canada have not changed; the only thing that's changed is how the paperwork is managed if they are invited to a batch and accept.

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