shockedcanadian
Diamond Member
- Aug 6, 2012
- 43,741
- 42,780
- 3,605
We are losing our best and brightest.
Those who support free speech and liberty, who allow the mind to expand and brain pathways to open up and explore, will win the battle of innovation;
Canada continue to lose its best why the Security Industrial Complex have destroyed our best and brightest for decades. They are responsible for our economic collapse.
www.theglobeandmail.com
Gumloop began as a classic tech startup: two friends furiously coding in their bedrooms. It’s the kind of promising company Canada has banked on to help improve its lagging economic growth. Gumloop uses artificial intelligence to automate workflows, counts Instacart and Shopify as customers and raised US$17-million in venture capital this year.
But after completing San Francisco’s famed Y Combinator accelerator program in 2024, “you drink the Kool-Aid,” co-founder Max Brodeur-Urbas said. “They convince you by the end to stay.” Gumloop did that, relocating to San Francisco from Vancouver last year. “It’s our job to do everything we possibly can to optimize for success,” Mr. Brodeur-Urbas said. “Being in S.F. is a big one.”
The Bay Area has long had a magnetic pull for entrepreneurs, and Canadians co-founded tech giants there such as Uber
A new study suggests the brain drain has accelerated.
Toronto venture-capital firm Leaders Fund found that just 32.4 per cent of Canadian-led “high-potential” startups launched in 2024 were headquartered in Canada. (The study defined these startups as having raised US$1-million, with most of their senior leaders educated in Canada. The survey tracked 2,932 such companies over a decade.) From 2015 to 2019, that figure exceeded 67 per cent. Much of the decline has occurred since the COVID-19 pandemic began. As a result, Canada is producing relatively fewer of the world’s high-potential startups, the study finds.
Those who support free speech and liberty, who allow the mind to expand and brain pathways to open up and explore, will win the battle of innovation;
Canada continue to lose its best why the Security Industrial Complex have destroyed our best and brightest for decades. They are responsible for our economic collapse.
Tech founders leaving Canada at accelerating rate, survey finds
‘Every founder who leaves ... is one less person creating jobs, paying taxes and building prosperity here,’ CEO of Build Canada says
www.theglobeandmail.com
Gumloop began as a classic tech startup: two friends furiously coding in their bedrooms. It’s the kind of promising company Canada has banked on to help improve its lagging economic growth. Gumloop uses artificial intelligence to automate workflows, counts Instacart and Shopify as customers and raised US$17-million in venture capital this year.
But after completing San Francisco’s famed Y Combinator accelerator program in 2024, “you drink the Kool-Aid,” co-founder Max Brodeur-Urbas said. “They convince you by the end to stay.” Gumloop did that, relocating to San Francisco from Vancouver last year. “It’s our job to do everything we possibly can to optimize for success,” Mr. Brodeur-Urbas said. “Being in S.F. is a big one.”
The Bay Area has long had a magnetic pull for entrepreneurs, and Canadians co-founded tech giants there such as Uber
A new study suggests the brain drain has accelerated.
Toronto venture-capital firm Leaders Fund found that just 32.4 per cent of Canadian-led “high-potential” startups launched in 2024 were headquartered in Canada. (The study defined these startups as having raised US$1-million, with most of their senior leaders educated in Canada. The survey tracked 2,932 such companies over a decade.) From 2015 to 2019, that figure exceeded 67 per cent. Much of the decline has occurred since the COVID-19 pandemic began. As a result, Canada is producing relatively fewer of the world’s high-potential startups, the study finds.
