my latest, an interview with Innovation, science and economic development minister Navdeep Bains. It's accompanying another piece that should appear very soon on a related topic of interest to this group. We're running a shorter version of this in the paper tomorrow but the online version (available to subscribers) talks in greater length about his thoughts on immigration, procurement and SR&ED. ... See MoreSee Less
We're excited to announce that applications for the 2017 cohort of The Next 36: Canada’s Entrepreneurial Leadership Initiative are now live! Help us spread the word? We're on the hunt for students and recent grads with a strong entrepreneurial drive to either launch a high-impact startup, or grow their existing idea-stage venture. Visit our shiny new website for more: www.thenext36.ca.
At The Next 36, we believe that by fast-tracking the development of Canada's most talented young innovators, we will help create industry-changing businesses and grow Canada's long-term prosperity. The Next 36 transforms exceptional students into high impact entrepreneurs. Each year, we choose 36 yo...
Quick reminder that the July edition of StartupDrinksTO is tomorrow! If you're planning to attend, please take a moment to register. Eventbrite link is in the FB event page. Can't wait to see you all! ... See MoreSee Less
By popular demand we will be hosting the next StartupDrinks in Toronto on July 27th. Join us and keep the spirit of Toronto's startup community alive, one pint at a time.
It's a simple concept: Have a pint, connect, share experiences and issues you are facing, and meet some of your fellow up-and-coming startup company leaders!
great story on Yahoo!'s main problem: an inability to define itself. Also, passing on three big transformational deals: not buying Google when it could have, not buying Facebook when it could have, and not taking a big fat takeover offer from Microsoft, which has also had problems defining what it is outside of its enterprise software core. ... See MoreSee Less
Yahoo Inc.’s sale to Verizon Communications Inc. puts an exclamation point on a tumultuous two-decade run that began with success as the web’s organizer, and ended with a cycle of failed leaders and strategic blunders.
Mike ShaverIt couldn't have bought FB or Google; it tried, the founders didn't want to sell. There wasn't a reachable price that would have worked, per the respective founders.
23 hours ago · 1
Sean SilcoffFair enough, and they probably would have been vilified for at the time for spending $10b or even 15 or whatever might have gotten them a deal back then and overpaying on what years later would seem like a bargain.
23 hours ago · 1
Mike ShaverNo doubt. Even after Instagram, people make fun of the WhatsApp purchase. :)
22 hours ago · 1
Sean Silcofffact is firms are always sniffing around each other all the time for deals, some happen that shouldn't, some don't that should, and a whole pile of what-ifs make it hard to retroactively asses what coulda shoulda woulda. Palm at its peak tried to buy Research in Motion but the Waterloo company wasn't for sale, and the RIM co-CEOs had fun stringing along their intended predator for months. Likewise, RIM at its peak wanted to buy Motorola's badly listing mobility business, but they couldn't agree on price and anyway RIM primarily wanted the IP and not the inherited headache of massively downsizing a faltering business, whereas Moto wanted to keep the IP. In the end, talks broke off and a year later Moto launched the first successful Android device, hastening RIM's decline. I think I read all that somewhere ;-).
A bootstrapped $30m revenue software company from Ottawa that nobody has heard but which boasts A-list clients, grew 120% last year and now faces Microsoft as a rival. Its plan? Raise $50m in growth capital, reach $100m in revenue in two years and go public. All from selling a simple piece of software that identifies whether your email is "classified," "protected" or whatnot. My latest Globe piece. ... See MoreSee Less
Jake Anthony HishonAh Canada, the stepping stone to California.
What needs to be done more so then just making fast tracked visa's more widely available, is making Canada a viable place for entrepreneurs to stay and pursuit their goals and dreams. Expose the program's we have, and expand where we are lacking for talent retention
We need more then just an opening ballad, but a final ensemble as well.
Nick RaynerThey don't need immigrants. They need immigrants willing to work for next to nothing. The fact that people don't see this as a plain-faced play to import the cheapest possible talent for a sector that is *already* notorious for paying low wages and demanding unpaid internships is laughable. What they want is to outsource all their talent but the Government won't let them. This is one instance where, in my opinion, the government is doing its job in trying to persuade people to look within Canada and yet articles like this keep pushing the lie that it's impossible. Just look at this babbling nonsense:
" In the innovation economy, bringing in the right talent from outside can create bigger and better companies, the network effects of which begin a virtuous cycle."
They are the EXACT SAME THING. The same goal is cheap labor. Instead of outsourcing it to another country, they just bring it in and pay them next to nothing while the government makes up the rest. This has happened before, we've seen it happen with the TFW program. It's just funny that Globe and Mail can publish articles pointing out the brokenness of that system yet when it comes to tech startups and people who do awful coding, it's something else entirely.
Gilbert Jason BaileyNick Rayner - The competition for senior level talent in Canada's tech hubs is vicious. These are EXCELLENT paying jobs, and we are getting a very low volume of applications. We are trying to bring in top talent from other countries in order to strengthen the communities here, raise the bar, and train juniors. We pay these imports the same as we would a local. No one that I know of is doing this to save money. It is cumbersome, expensive, takes forever, and often fails for stupid reasons. I have no idea where you are getting your experience in this, but it sounds vastly different than the one being had by the people doing the hiring.
Stuart MacDonaldI am working with several tech Clients who are aching for strong technical talent right now. It's hellish to hire and the Government isn't making it any easier. In one situation, they had to let two developers go because their visas were expiring, while simultaneously hiring a DIFFERENT person who had permanent residency offered before they even came to Canada. The system is stupid and not at all supportive of growing globally-minded tech firms here.
3 weeks ago · 3
Guy GalIs there actual demand from talent to move to Canada that is being gated by visa restrictions?
Chris PlunkettGreat article Allen Lau. I've been speaking with both provincial and federal government about this - and if companies have specific examples of how the restrictions around immigration have negatively impacted company growth - would be very useful as we make the case. Please reach out if you have specific examples, and would be happy to include those. (I have a lot of Waterloo-centric examples, but more from across the country would be useful). Thanks!
Yves BoudreauWe are doing some real work in this area and will be piloting a new Express Entry program later this year. It's part of the Government-level of our platform that is tailored to help in areas such as repatriation, localized labour market analytics and skills gap assessments. It does not completely solve the issue, but it will bring some substantial efficiencies on the administrative burdens associated with the delivery of the program.