Jevon MacDonaldLast night Trump signalled a shift to a merit/points based immigration system. So things have gone from a major opportunity for Canada (immigration ban = more talent for Canada) to one of our biggest potential risks (merit based system = siphoning of global top talent to the US).
Time to end the cheerleading and ambulance chasing on immigration and double down on actually making Canada the most attractive place in the world to immigrate to.
This article is already obsolete IMO.
Hey SN Community - I was put into contact with two entrepreneurs who have done significant revenue over the last 12 months, but have been denied their US Visa Applications (Russian citizens, applying for H1B/L1 visas).
They need to be able to continue their operations ASAP. They would like to setup in Canada and get on the path to Canadian Permanent Residency. Anyone have recommendations on potential immigration lawyers / consultants who can assist?
Hey Startup North Toronto - a space is coming up in our building (20 Maud Street, near Adelaide and Portland) and we would love for it to be taken over by someone in the community. It's ~985 sq/ft and runs at ~$3100/month until June, at which point a new lease can be negotiated with the landlord. We've been here since 2011 and love it. As a bonus, there's a brand new Breather space in the building.
If you're interested, feel free to drop me an email at ameet @ goldenvp and I will connect you with the current tenants and/or building landlord. ... See MoreSee Less
We need your help!! We're looking for 20 Canadian startups to join the next cohort for 48Hrs in the Valley and we need your help to identify the most promising companies in Canada right now! C100 as well as sponsors, Charter Members, Ambassadors and Alumni can nominate startups between now and March 20th!
Techvibes is hosting the Canadian Startup Awards at Steam Whistle Brewing on March 2nd. If you're in Toronto and want to attend the after-party, use promo code 'StartupNorth' to get 50% off your ticket which includes two drinks, plenty of food, and top-notch networking opportunities with the evening’s finalists and winners. ... See MoreSee Less
Kamil RextinGreat essay. I've heard team leads did say "my job is support and that means I take care of admin or other things that helps my team focus more". Your essay brings it all together. I especially enjoyed the part about not dictating solutions but solving for a problem. Something slightly off tagent but I worked on an org chart product once and some times there would be customers who literally wanted to build their org chart upside down because that's how they saw their roles.
Varun MathurHi Farhan - long time and good to see this post. I agree with some key points - on helping people solve the pain, not expecting a specific solution.
However, on the overall product design I think over there the value is in one person to be strongly opinionated to provide a cohesive direction. How many of us are using a Linux-based OS versus a Mac to write these thoughts ?
Groupthink, being nice and accommodating ideas which don't make sense but if rejected would make the person feel bad, accepting everything which anybody suggests, while "nice"... these lead to products which are bloated (no matter the release schedule) and make for less pleasing end-to-end customer experiences. Someone has to be the captain of the ship, the shepherd. That person's goal is not to please everybody but to deliver a product which fits one vision. "Teams" tend to choose the lowest common denominator which pisses off the least amount of people.
So if a product designer on your team is not adding a feature which you wanted, isn't that a problem, even though it is awesome for that designer's personal development ? Does it not conflict with your vision of the product on how it works in its entirety ? How do you balance that ? If the work was fully remote, and you were disconnected from the "interpersonal" aspect of a team, would you not be more likely to say no to suggestions which don't make sense...
I think Steve Jobs disconnected emotionally from his employees and was able to have a razor focus on product design - what fit with his vision. How do we discount the most successful example of such an approach then and advocate a "you do what you want because your personal development is more important" ? It is extremely noble, and righteous - but how do you balance it with the needs of a cohesive customer experience ?
Atlee ClarkLoved this. Shared it with my whole leadership team. Thanks!
23 hours ago · 1
Kenneth YipAwesome! The part about unblocking people is key to productivity!
12 hours ago · 1
Jennifer BouyoukosIt's unfortunate that people managers often feel the need to attach themselves to something tangible (always be busy, producing "stuff") to demonstrate their worth. It takes courage and maturity to realize that their value is best realized on scale, by helping their team achieve peak performance. The bi-products of this practice are engagement, growth and retention. Great article Farhan. I have shared with my leadership team. Thanks for taking the time to write it.
Hey folks - I'm working with a group that's preparing a brief on CRA treatment of options during an exit...CRA is using their own, overly aggressive valuations, to deny option-holders from using the stock option deduction...effectively doubling the tax bill. This disproportionately penalizes the earliest employees. If you know someone impacted by this, who would be interested in contributing to the brief please send them my way ... See MoreSee Less
Charles MireSo despite agreed upon valuation during an exit between the startup and acquirer, the CRA is simply making up a new, higher number? I would love to know where I can read/learn more about this.
Varun MathurFor those curious on what the heck is this -- see this chart I made. See where Canada is - with the 50% deduction. And then see where the US is. We are behind - and I couldn't trace any bill/rule someone is working on here to fix that gap.
What this tells me is - a Canadian startup which goes on to raise sufficient funding so that when it is no longer a "Canadian controlled private corp", it would have a tough time attracting international quality talent to Canada because its employees would get taxed when the options are exercised, compared to the US where it will be after the event of shares being sold. In other words, options won't be as lucrative a tool to recruit. What we can hope for is the Trump-effect, where people choose us regardless of this, you know, money on the table.
Per Joseph Fung's note above, he is pointing to even that 50% deduction being hard to get. Further context would be great. But we are already competitively behind the US on this when it comes to legislation.
Stephen LakeOne rumour is that the capital gains reduction of 50% may be changed for the worse in the upcoming budget, possibly to make 2/3 or 3/4 of the proceeds taxable, instead of 1/2 - which would make Canada uncompetitive with the US (we are already very low in OECD - as some countries have zero tax on capital gains) - which would be bad for early employees, investors and founders alike.