Canadian startups can and should be much more nimble, but more critically, there just is no incentive for a venture capital ecosystem to develop within Canada - individuals with capital who could become LPs are uninterested in investing in Canadian VCs [0] and a large portion of richest Canadians [1] (especially Canadians who succeeded in tech entrepreneurship) are heavily aligned with MAGA.
Canadian startups can and should be much more nimble, but more critically, there just is no incentive for a venture capital ecosystem to develop within Canada - individuals with capital who could become LPs are uninterested in investing in Canadian VCs [0] and a large portion of richest Canadians [1] (especially Canadians who succeeded in tech entrepreneurship) are heavily aligned with MAGA.
[0] - https://news.ycombinator.com/item?id=46774220
[1] - https://news.ycombinator.com/item?id=46779984