9 Kommentare

  1. mMaple_syrup on

    Not good news. Canada already loses too many startups to the US and there has been absolutely no effort at any level of government to pull in the other direction. We are losing massive growth potential here. 

  2. No worries. We’ll just build one, maybe two pipelines and then continue to be surprised when we bleed talent.

    Our media class and politicians have this singular obsession with oil pipelines instead of doing the things that will actually build up our economy from coast to coast.

  3. Arch____Stanton on

    What investment have they ever had in Canada?
    YCombinator is the investment equivalent of buying a million lottery tickets.

  4. This is a disaster. It effectively pushes high-potential startups out of Canada. It even sounds like something Trump would do if he were running YC.

    The real solution isn’t to compete with YC or Silicon Valley. It’s to make Canada a place where tech startups can actually survive and scale without them. And we have all the ingredients to do that.

    We have some of the best institutional investors in the world. So why not make Canadian tech startups significantly more attractive for them to invest in? Our public procurement system is a mess. Why not fix it and make it genuinely startup-friendly? Let startups sell into government. That would modernize public services *and* give startups real revenue early, reducing their dependence on constant fundraising just to stay alive. That would be far more effective than another round of grants.

    We don’t need to beat YC at its own game. Canada already has world-class talent, capital and resources. We just need to deploy them intelligently so startups can thrive here.

  5. Quantum2022A on

    Are we surprised? Canada is bleeding its top talent from Waterloo, U of T, etc and very little effort was made to do anything about it. Something needs to change. It’s not like we don’t have money but it’s all misdirected. No reason why banks who are making record profits while contributing very little should not be investing in Cdn startups. They’re too busy investing in the financial market and making $$ from speculating as opposed to investing in the real economy.

  6. Oh no, whatever will we do without the guys who gave us serial conman Sam Altman? Silicon Valley has been a major detriment to human society. We’re better off with our own homegrown tech rather than letting the Silicon Valley venture capitalists poison our wells too.

  7. It’s not surprising since they want Canadian founders to relocate to the US permanently. U.S. visa restrictions are making it harder for international founders. 73% of YC-funded companies are from the U.S. Founders of high-potential startups like GigaML were denied U.S. visas twice, forcing them to attend YC remotely. Naturally, his creates a geopolitical bias, where access to YC depends not just on merit but on nationality and visa eligibility. This risks reinforcing a „Silicon Valley-centric“ model, where success depends on proximity to U.S. networks and capital. What this is is an attack on fairness, global access, and the long-term health of local startup ecosystems outside the U.S, now including Canada — but we will adapt, and they’ll be hurting themselves in the long run.

  8. I work for a lot of tech startups. This is massive set back. Like we’re gonna see massive layoffs in the starting space. This isn’t just about getting funding for a project. YC also offers connections and host massive events.

  9. motorcycle-emptiness on

    I work in early stage VC in BC. This is interesting and I’ll ask around in my circles on what people think of it. From my pov, it’s always been a valuation problem here in Canada. The US funds can go higher for lower equity (usually) and founders sometimes tend to chase that. There is a thing such as raising too much and we’ve had people revert.

    I know someone in Vancouver who is building „the syndicate“ aka the YC of Canada. Not sure how far they’ve gotten. But in other news, this might be a good time for us canadians. It’s been talked about within the institutional funds and more capital might be available soon.

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