Well it’s the USA / Valley pride what built that ecosystem there. It wasn’t always like that even in the US. A long time ago, the US congress had to pass a law to incorporate a company. It went from there to whats its now because of that pride. We want that pride here in Canada to build our own ecosystem.
Again: what does any of this have to do with labor laws? I get that you're just responding to the comment there, but you kind of started this thread with your "you know, YC" thing, and it's still totally unclear what any of this has to do with operating a company in Canada. You can still operate YC companies in Canada!
Ah, see. Here's the problem. Yes: you misread the OP. You've misunderstood what's happening here. YC still funds Canadian startups. They don't have to move. They retain their Canadian HQ. Their operations remain in Canada.
Neither is the UK, Germany, Spain, or India, all places with with YC companies in them. None of those locales have ever been in the standard YC deal terms.
What founders in Europe (say, in the Netherland, where YC invested in Servo7 in the W26 batch) do to accept funding from YC is a "flipped structure": they create a new Delaware Corporation, which then acquires the original company and runs it as a subsidiary. The founders retain the same ownership of the new DE company as they would have had they been in the US. Literally nothing else changes about the operation of the company.
This structure is so standard that Canadian YC companies already tended to do it. You've got Dan in this thread talking about how he and Scott did it with Skysheets back in the mid-aughts. Whatever else YC is OK with, future priced-round investors want companies incorporated in the US.
I'm sorry, but you were wrong; your analysis of what this change meant was based on a wildly false premise. The prospects of founders in Canada have not changed; the only thing that's changed is how the paperwork is managed if they are invited to a batch and accept.
This is simply not true. Canadian founders lose massive Canadian tax benefits by incorporating in the US. The only way out of further tax complications (and it’s not because of Canada, it’s just how international tax laws work) the founders have to permanently move to the US. Source: I have founded both Delaware and Canada federal co.
I understand how SR&D works - I've filed for it several times.
My hot take: given the 1 year delay on receipt of funds and the fact that it has the biggest impact on small teams, if you are going to scale a VC backed startup as fast as you need to - SR&D won't be the reason you succeed. If you are not scaling fast enough to make it - SR&D won't save you.
If you stay in Canada and raise from Canadian VC's you'll get half the cash at half the valuation. The government makes that up to you in SR&D a year later.
Found in Canada because it's your home and you love it. That's the only real reason. And it's a good one.
Not explicitly, they are just dense parts of the network. But towns and cities tend to have dense network of roads. The network is represented as square grids, so it resembles a city where roads are organized into blocks - like many US cities.
what sort of business are you talking about? You can start a software company within few minutes in Canada.