Not even 10 years ago this same kind of post could have been written except the complaint back then wasn't that investors were boneheaded but that "Canada is full of entrepreneurs who don't think big enough and aren't aggressive enough!"
That narrative is, mostly, dead. Thankfully.
Now the entrepreneurs in this country have left the bad investors in their dust and the angel and VC community is playing catchup.
The author's point has some merit but it is hardly "the reason" we have so few billion $ companies.
The point worth making is: we are making progress. If we take the time to quantify it I'd guess that the ecosystem here is evolving more quickly than almost anywhere else in the world.
The other point being missed entirely is that there is no barrier for US investors to invest in Canada. Many (tempted to say most but I'm not sure) tech/web seed and A rounds in Canada now have some level of US (read: valley) participation. There are no legal or economic barriers to cross border investing anymore. The idea of a "Canadian investor" is becoming completely moot.
That narrative is, mostly, dead. Thankfully.
Now the entrepreneurs in this country have left the bad investors in their dust and the angel and VC community is playing catchup.
The author's point has some merit but it is hardly "the reason" we have so few billion $ companies.
The point worth making is: we are making progress. If we take the time to quantify it I'd guess that the ecosystem here is evolving more quickly than almost anywhere else in the world.
The other point being missed entirely is that there is no barrier for US investors to invest in Canada. Many (tempted to say most but I'm not sure) tech/web seed and A rounds in Canada now have some level of US (read: valley) participation. There are no legal or economic barriers to cross border investing anymore. The idea of a "Canadian investor" is becoming completely moot.