I’m very familiar with a lot of things Toronto. It has the propensity to be way bigger and better than it is, but is it held back by the pervasive feeling that it is big and good enough. So I agree with the author even if it sounds like he is contradicting himself at times.
One thing I have heard is that there is less of an “angel investor” mentality here than in Silicon Valley, investors aren’t willing to dump money in the most longshot of ideas here, and are much more risk averse. It does mean there are fewer extremely dumb projects getting crazy amounts of funding but it also means that potentially groundbreaking ideas could also be stifled.
I’m very familiar with a lot of things Toronto. It has the propensity to be way bigger and better than it is, but is it held back by the pervasive feeling that it is big and good enough. So I agree with the author even if it sounds like he is contradicting himself at times.
One thing I have heard is that there is less of an “angel investor” mentality here than in Silicon Valley, investors aren’t willing to dump money in the most longshot of ideas here, and are much more risk averse. It does mean there are fewer extremely dumb projects getting crazy amounts of funding but it also means that potentially groundbreaking ideas could also be stifled.