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Can't speak to the VC angle.

I think a lot of the Bay Area power comes from having so many tech folks in one place, which is hard for Canada to manage anywhere given population. In the Bay Area, you can go for a coffee or a beer and run into a bunch of tech folks and something may come out of that. There's no where in Canada where tech has the density to make that happen in a random way (maybe Ottawa or Waterloo back in the day).

Immigration can help, for sure bringing smart minds in is never a bad thing. I've only lived in Ottawa and Toronto, I think creating the critical mass of tech folks is difficult in those cities which have other more dominant industries (government and financial/cpg respectively).

Agree that past success fuels the mentality that builds the future.



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