Earlier quoted context omitted.
imho it's not just the flow of investment. It's the smallness of the community. Many of the founders in the Toronto tech scene all know each other. From private school etc. At least when I was working for one 10 years ago, it all felt very incestuous and small. Also in the US there's a real sense of having to hunt and compete for talent, but at least then in the Toronto startup scene you were to feel blessed for not…
Moved back two years ago and can echo this sentiment. We raised our most recently round exclusively in the US. Will be interesting to see how COVID-19 impacts all of this given how much more remote work will be available.
With the increase in remote work availability I'd probably hunt for work from US companies at this point rather than beg for crumbs from Canadian startups.