During the global financial crisis, Jean-René Halde, the recently retired activist CEO of the Business Development Bank of Canada, convinced a naive Industry Minister of the day (Tony Clement) that the key gap in the Canadian innovation ecosystem was access to “late stage” capital. Fix this, his pi...
Bringing up a few similar points, maybe some new ones (the impact of our politeness and partnering with large companies) ... I wonder more about how many of us have seen openness in opportunities for the latter? ... See MoreSee Less
Stefan Paul PaliosOne of the things mentioned in the talk that this article doesn't bring forward is the idea that Canada does have an innovation agenda, but Canadians are only tolerant of innovation when it's in industries where we are dominant players (hint; there's only one and it's natural resource extraction). So it's not a lack of ability to be innovative, more a fear of doing it in an industry we haven't matured in
Ecobee is hosting an open house event on September 22nd between 3:00pm-8:00pm through Startup Open House! Stop by for treats, tours and a one on one experience to meet the team here at ecobee! #soh2016 #sohto2016 visit startupopenhouse.com for more details ... See MoreSee Less
Fantastic news from Toronto: CrowdRiff launched it's API and one of their clients built the world's first Instagram-powered visual trip planner powered by it. This part is specially cool: "Search social media photos by multiple attributes (including keywords, hashtag, location, author, channel and more)" I know Amrita Chandra runs Marketing there but feel free to tag more folks from the team and celebrate some local tech :) ... See MoreSee Less
TORONTO, ON – August 25, 2016 – CrowdRiff, the leading Visual Influence platform for the travel and hospitality industries, today announced the release of its API, enabling destination marketers to integrate CrowdRiff’s technology into creative products and campaigns to attract travellers. Destinati...
Flixel worked with Toronto startup inkbox to measure the effectiveness of cinemagraphs vs still photos in Facebook Ads. The cinemagraph provided a 117% increase in clicks and their cost per click dropped by 41%. LIke we've been telling the world: "Still photos are now stale photos on social networks." We've got several other case studies in the works. ... See MoreSee Less
Cossette Lab Health Accelerator is now taking fall applications. The qualified startups will get access to Cossette’s communications expertise, potential opportunities to get their product in front of clients, and more! Check out our profile on AngelList for more information and to apply. ... See MoreSee Less
I completely agree with the caution expressed re "... [being] left to focus on the hot trends of the day,throwing money into incubators and accelerators". Salim Teja (as usual) hits nail on head with statement "Dividing $800 million by dozens of innovation centres is a peanut butter approach, spreading the cash spread too thin."
BUT FOR THE LOVE OF GOD can media and government folks stop referring TO-KW as "Silicon Valley North"? Show some original thinking & actual understanding of the Canadian tech space and the needs/opportunities... TO-KW (and elsewhere in Canada) need to differentiate themselves from Silicon Valley, not be referenced as a sideline.... (my thoughts! I've ranted on here before about this...) ... See MoreSee Less
Rachael-Dawn CraigI mean, in Canada we have a pretty good social safety net and pretty generous startup support incl. R&D grants... so are we just poking at the rich kids who were born into Harvard Business School?
Phil CutlerWould love to hear what Chamath and Bridgette have to say about this.
1 day ago · 4
Kris GermannSince when has "entrepreneur" become synonymous with grants and funding. An entrepreneur used to be someone who worked off blood, sweat, and tears (okay and lentils because that's all we can afford) until they were able to live like they wanted to. Live like the 99% won't so you can eventually do what the 1% can.
Self-funded, lower middle class, no VC; innovation demands risk, sorry.
I DO agree that perhaps those who were given a head start with funding or well off to begin with may have a harder time taking risks - it's harder to do when you fear losing everything, as you've never had to experience having nothing.
[Edit] the state and mindset of today's "easy-bake-entrepreneur" (just made that up, I get 5% royalties on it) saddens me greatly
Tehsin BhayaniThis whiny article is focusing on the wrong points and making bad conclusions.
Not all entrepreneurs come from rich families. Entrepreneurs come from all walks of life. Rich families, poor families. What sets us apart is resourcefulness. That's the key advantage.
- They came from having lived at a halfway home to go on and build a company that works on world changing ideas (*****)
- They have slept at bus stops (Brenton Mowforth),
- Had a bank manager threaten calling cops on them when depositing their first large cheque (****** ) because the manager didn't believe them.
- Laboured late nights to keep their office spaces ready (Jeffrey Howard and Neil Martin) so other founders have a good desk to work from.
- Having run out of lentils, crashed events for free food so could eat a good meal, met that basic need and got back to coding.
Would love to hear other examples of this from the community.
Let it also be said that yes we do have a great country that does provide us with basic needs, there are EI programs available for entrepreneurs. Perhaps someone should try writing about how it's really done instead of this "entrepreneurs come from rich families" bs.
Bob GarrishArticle is closer to a full on troll than something to be taken seriously. My father was an entrepreneur, so was my mother, so was my mother's father, and all of them from middle class families. I got a step up - first person in my family tree with a degree. Also got to start a fancier company.
Not every entrepreneur runs a company that issues shares and titles.
Phill Mendonça-VieiraIt's not impossible to become successful and come from a poor family; it's a lot easier if you have a trust fund.
People surprised by this need to think about their peers' backgrounds, cos I've noticed this.
1 day ago · 7
Qayam SayaniThe concept of a safety net doesn't just apply to financial capital, let's not pretend that race and gender aren't also a form of klout/currency when it comes to ensuring a venture is successful. Startup North never really seems to talk about how the fact that a disproportionate amount of successful Canadian startups were founded by middle-class white men. That in itself should be an indication that the scales are tipped in someone's favor.
23 hours ago · 3
Collin VineThe comments here are somewhat shocking to me.
This article is not particularly well written, but the underlying thesis is that there is an unfair amount of access for those of privilege. I'm privileged. I'm willing to bet most people in this thread are privileged. Us arguing that privilege _doesn't_ factor into this, and it's just hard work and determination smells a lot like the fundamental attribution error.
If you've come from a middle- or upper-class family, I think it's easy to forget how privileged we are. It's easy to forget that we have had a major head start over anyone from a lower-class upbringing. Access to life's privileges (education, capital, like-minded peers to start companies with) is more a result of your socioeconomic class, which you're more or less born into, than it is your work ethic.
It's not that hard work isn't necessary. Of course it is. But if you're starting from a place of privilege, it's going to be far easier for you than someone from a socioeconomic class that's lower than yours. If your rock-bottom is getting a product management job at Microsoft or living with your parents for several months because you've "failed", you're privileged.
(One-off stories of entrepreneurs that have climbed the socioeconomic ladder do not count as sufficient evidence to the contrary.)
ps, this article The Greatest Divide of All, is a worthy read on the topic: extranewsfeed.com/the-greatest-divide-of-all-825b855ca7e5#.swoj0ssne
Jeremy BakerI grew up on a single mom income in a small town in BC. We lived in a campground one summer because we had nowhere else to live. I grew up rich with love and the safety net of knowing I could survive on nothing if it all went to hell.