| ▲ | alephnerd 5 hours ago | |||||||
> No Canadian VCs Pretty much. Israel [0], China [1], and increasingly India [2][3] worked on resolving this issue by establishing funds of funds that partnered with private sector players by matching dollar-to-dollar with them to help build a VC ecosystem. It's the same problem in the EU as well despite ECB proclamations. Heck, Norway's (ik not EU, it's EFTA) PIF has been conspicuously absent from any sort of statment of solidarity for Greenland unlike their Swedish, Finnish, and Danish peers because 25% of Norway's budget is dependent on the PIF maintaining double digit performance. Edit: can't reply > I think our biggest problem in Canada is total addressable market is small [...] Israel is even smaller than Canada - 9 million people versus 40 million - and the median Israeli remains poorer [4] than the median Canada [5]. That didn't stop Israel. Size of home country doesn't matter. The only difference is vision (and moreso lack thereof amongst Canadian and European decisionmakers). > I don't think an Israeli founder would have trouble moving to the US if they wanted to. They don't. In fact, Israel had an India-style brain drain to the US until the 2010s. Heck, a little over a decade ago I had acquaintances of mine in TLV seriously considering moving their entire family to Sunnyvale for a $150k base salary job instead of earning $90k. They ended up deciding to become founders instead. > 900M in the EU The EU only has a population of 450M people. [0] - https://www.yozmagroup.com/overview [1] - https://english.www.gov.cn/news/202512/26/content_WS694e4e56... [2] - https://idtalliance.org/ [3] - https://rdifund.anrf.gov.in/ [4] - https://www.ynet.co.il/economy/article/bjn8ppfz2 [5] - https://www03.cmhc-schl.gc.ca/hmip-pimh/en/TableMapChart/Tab... | ||||||||
| ▲ | sbarre 5 hours ago | parent [-] | |||||||
I think our biggest problem in Canada is total addressable market is small.. We're 40M people (compared to what, 350M in the US, and 900M in the EU), and we're directly next door to the largest startup economy in the world. So not only do we have fewer customers, we're competing against an economic juggernaut that shares our broad business rules, our culture and language (with one exception) and can market to us through all our media channels with very little friction. So unless you're in health care or some other regulated field that a US startup can't just expand into easily, it's a tough go. | ||||||||
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