alt Hacker News> “It’s the Valley-or-bust mentality that breaks the ecosystem and really hurts Canada,” Gomez said.
Canadian pride isn't enough to keep a company in Canada. There are real and significant economic incentives to move elsewhere. That said, it's disappointing that YC no longer supports Canadian companies.
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tptacek • today at 2:25 AM
Presumably it continues to support them the same way it supports 386 companies headquartered in Europe, 218 in South Asia, 217 in Latin America, 106 in Southeast Asia, 87 in Africa, 71 in MENA, 23 in East Asia, and 14 in Oceania, all locales where you previously had to do a flipped company structure to participate in YC.
PostOnce • today at 1:35 AM
Economic incentives are only one of the many incentives weighing on the scales. There are others.
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Canadian companies actually have great economic incentives. The government will pay like 60% for your dev salaries that go towards R&D (SR&ED).
Plus you don’t have to worry about getting audited if you tweet the wrong thing.