It isn't news that Canada's culture is inherently risk-averse. This made our banking sector the envy of the world during the recent recession, but in the startup game, it's a hindrance.
When people say they want a city in Canada to become "Silicon Valley North," I sigh. They focus on things like getting more angel and venture capital investment, deepening the talent pool, and expanding mentor networks. Yes, these things matter, and yes, Silicon Valley employs these things—but you can't grow a tree with a seed, and the seed of Silicon Valley isn't money or people; it's culture. A culture of risk.read more