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cmrdporcupine • today at 7:43 PM • 0 replies • view on HN

Yeah your problem and my problem and others around here is the word you just said there... "Toronto." Canadian investors are risk averse as hell. And cheap. They can make more money helping sell bitumen or real estate, why bother with arcane tech?

And if you could put the words "Bay Area" or "Stanford" or "San Francisco" next to your name... different story.

The VCs are not buying the idea or the tech, they're investing in the people. And they invest in a formula that has already worked for them before to make big coin. Prop somebody up, let them hire like crazy, and then get them get acquired, and then cash out. They don't care if it fails if they can make it succeed 1/200 times.

Canadian investors want you to have already succeeded before they help you succeed a tiny bit more.