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I've worked in Vancouver at a startup, and to me it seems that the goals of a Canadian startup are just more conservative. No one ever expected to become a Fac
by grishas 13y ago
I've worked in Vancouver at a startup, and to me it seems that the goals of a Canadian startup are just more conservative. No one ever expected to become a Facebook, or a Google or even Nortel or RIM for that matter.
The philosophy has been mostly to create a profitable company, in the more traditional sense-- consistent revenue that can employ people. No one is looking for giant cash injections from VCs, nor are we throwing lavish parties and giving away Porsches at company picnics (cough Trilogy cough).
We aim smaller than 'murica so of course we don't have any mega tech companies. And we're happy for it, at least I know I am.
- liquimoon 13y agoThanks for sharing. The philosophy has been mostly to create a profitable company, in the more traditional sense-- consistent revenue that can employ people. - I share with this philosophy exactly. The thing I am pointing out is that because of the VC gap, startups are dealing with the lack of cash infusion to really hit a homerun. As a result, Canadian tech companies stall after growing to a certain size. The options were taking VC money with bad terms or getting bought by US companies. US companies are buying profitable Canadian businesses at a bargain price, reaping all the benefits of job creation and ambitious business goals.