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    Das Gen-Z-Paar baute in Kanada ein 35-Millionen-Dollar-Startup auf, zog dann aber in die USA


    Das Gen-Z-Paar baute in Kanada ein 35-Millionen-Dollar-Startup auf, zog dann aber in die USA

    https://www.ctvnews.ca/business/article/this-gen-z-pair-built-a-35m-startup-in-canada-only-to-move-to-us/

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    28 Kommentare

    2. physicaldiscs on

      We always hear about how we want skilled immigrants to come to Canada. But this shows a fundamental problem with our country. It can’t reward real skill the way the US can.

      Canadian money refuses to invest in anything that isn’t energy, services or housing. We don’t get companies like the Mag 7 here, because they would all migrate to the US over time.

    3. RM_r_us on

      *Despite the challenges, Trinh said Canada still holds a major advantage in the data centre industry, with abundant land, water, and energy, as well as a naturally cooler climate.*

      Yea, all that natural undeveloped land going to waste and greedy people drinking that water/using it for crops. They totally aren’t seeing the potential! /s

    4. xtqfh4 on

      This is a shame. 

      Good luck to them and their start up. We should work hard to make sure the next similar start up would want to stay

    5. TryingForThrillions on

      >As an international student from Vietnam and her co-founder Gabriel Ravacci, from Brazil

      Shopify was founded by an immigrant, too.

      A lifetime ago, a Canadian startup I worked for also (started by an immigrant) got funded by US venture capitalists and ‚registered‘ in Delaware. It’s a pretty common story.

      Edit: goes without saying, but good luck to them!

    6. Initial_Flight_3628 on

      I don’t know anything about their business, maybe it is great, but not all startups are worth investing in. Most fail and the investors lose their money. Their particular startup might have been too risky for Canadian investors. Start ups by young people are exceptionally risky. 

    7. TenzoOznet on

      I’m torn between two responses:

      1. Canada *does* present systemic disadvantages and limits to growth and success for these companies.

      2. Any entrepreneur moving from Canada to the U.S. is basically gambling that the U.S. doesn’t descend into dysfunctional autocracy, which is increasingly a real gamble.

    8. alphawolf29 on

      While yes, Canada cannot compete with the USA for startups, also no country on earth can.

    9. LowComfortable5676 on

      Capital is leaving Canada every month. Carney never addresses this

    11. Phonereditthrow on

      Well yea we hate startups this is a land of mega corpo monopolys. That’s Canadain.

    14. ProfessionAny183 on

      Canada doesn’t have the policies to have a competitive free market. We like monopolies and oligarchy.

    15. adwrx on

      It’s basic economics. It has nothing to do with taxes or anything. There’s just more money in California. Until Canadian billionaires step up and invest in this country it will always be like this.

      Blame the government all you want but California has some of the highest taxes in America and people still flock there. Canadian billionaires just choose the easy way out and go American.

      Nearly 400 million people vs 40 million in Canada, more market and opportunities in America.

    16. Tripledelete on

      Ive worked in start ups, Canada has a lot of problems, over regulation, monopolies and oligopolies, low capital, and tons more.

      But the simple truth of why companies leave: the US has double the wealth (per capital) of Canada and 10x population.

    17. ThoughtsandThinkers on

      Okay, but people also cant have it both ways

      The US obviously offers many advantages re access to funding and low regulatory hurdles. At the same time, it offers individuals much less of a safety net and invests much less in the social good. We can all see live how fast the US is descending into fascism

      In contrast, it’s harder to get rich in Canada but we invest more in each other through social programs and promoting tolerance and pluralism

      Canada should make it easier for people to start and operate businesses here and to attract the bright and hard working looking to flee the US. We absolutely should not become a country of convenience where people can fall back here if things get rough, take benefits, but fail to contribute back during the good times

    19. Foreign-Landscape-47 on

      I’ll never forget being on the leadership team of a tech startup in Canada looking for funding. The Canadian bankers asked if we were talking to US funders. We said, yes, and they’re quite interested. They said, “well, if they invest, consider us in. If not, we won’t either.” I remember thinking, “how Canadian of you”.

    20. EnvironmentBright697 on

      Canada can’t stop taking L’s, and we can’t stop voting for it either.

    21. DeSquare on

      It seems like such a simple idea but is quite interesting;

      Will AI compute become a transparent commodity market
      or remain an opaque oligopoly like current cloud services?

      Internet Backyard is quietly pushing toward the first option.

      And yet Big cloud providers prefer the second.

      I am afraid this type of infrastructure will allow oligopolies to further offload risk to customers. This type of service could easily be applied to other services like telecommunications, hydro, etc…with the fear of hidden pricing data to penny pinch customers.

      It be interesting if this type of thing can be used in predicting market movements as well

    22. NoPlansTonight on

      Obviously, Canada’s environment isn’t amazing for tech startups, but this story has absolutely nothing to do with that.

      „After incorporating in Delaware, Internet Backyard closed a US$4.5 million funding round at a US$25 million post-money valuation in just one week.“

      They moved to the US because they had investors (I’m guessing, just one investor) who asked them to move.

      Delaware is about to start constructing a [US$10 billion data center](https://projwashington.com/). If a single investor on that project gave them $4.5M to try and make their operations run more smoothly, it would be a drop in the bucket to their budget. Probably worth funding a few of these startups to compete against each other.

      Why are we sensationalizing narratives like „Gen Z can’t build businesses in Canada“ by using stories like this which clearly were only going to happen in one place in the world? They talk about San Francisco, but even that city wouldn’t have gotten this deal done.

    23. Privateer_Lev_Arris on

      That’s why we’re such sheep. Anyone who has drive and innovation just leaves. The people left behind are low energy and non confrontational.

    24. faithOver on

      There is no capital in Canada. Super risk averse. Extremely over regulated particularly on the employment front. Extremely owner unfriendly risk factors; personal guarantees and personal liabilities from business operations.

      There isn’t much reason to stick around. I say that as a 2nd time business owner making his own plans to leave Canada.

    25. Tattsreincarnated on

      I don’t see why anyone with the means would choose to stay here. It’s cold and dark half the year, everything is mega expensive (although SF is no better), dollar is worth nothing close to USD. I’m a proud Canadian, but I’d be gone in a heart beat if I was in their position.

    26. bullshitfreebrowsing on

      We dont need more vaporware entrepreneurs, U.S. is better for them because their investors treat software like Canadian investors do condos.

    27. kettal on

      >“Because the required score keeps rising, we couldn’t do that while building our company at the same time,” she said. “The Startup Visa Program in Canada currently has a 10-year wait time. It just doesn’t work for us.”

      What visa did they get into USA with?

    28. proofinpuddin on

      It’s fucked because I can’t blame them – we can’t support talent like the US can. The average salary in my midsize/small city is 20% of my salary working remote in a US company.

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