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07-08-2012, 12:27 PM
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jaems's Avatar
Join Date: Apr 2006
Country: Canada
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I wouldn't say Canada doesn't know tech. A lot of smart engineers/developers/designers come out of Canada.

The problem is there is a lack of VC funding AND financial incentive for people to stay in the country. Engineers easily earn 50% - 100% in the Bay Area compared to staying in one of the major Canadian cities.

Nortel and RIM are bad Canadian stories, but we can easily compile a bunch of U.S. tech startups that also fell from grace, like, MySpace, RealNetworks, theGlobe, Worldcom, while current companies like HP and Yahoo aren't doing so well either.

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