Silicon Valley is superior to any startup ecosystem in Canada, but there’s potential in programs such as the Creative Destruction Lab at the University of Toronto and Velocity at the University of Waterloo
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However, we also saw a glimmer of hope in the ecosystem. We met angel investors who wouldn’t quibble over terms and instead focused on the vision and metrics of a startup. We met venture capitalists who were pushing founders to dream of creating multi-billion-dollar companies, not short-term exit plans. We met entrepreneurs bold enough to persuade talented individuals to move their lives from Silicon Valley to join startups in Waterloo. They are an exciting sub-segment of our startup ecosystem that are leading by example.