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by Jack000 1986 days ago
The Canadian startup bureaucracy is real. I find it kind of funny that the main requirement for IRAP funding is that you don't actually need the money.

It's extremely frustrating when you see a punt like Element AI get 20 million from the government, despite not having any product direction or seemingly any idea what to do with that money. It feels like people are rewarded for navigating the bureaucracy rather than actual startup success.

1 comments

Companies like Myant which look so innovative but haven’t produced anything consumer related that I can purchase.

Also startups here (such as ElementAI) tend to screw over their employees with their stock options. I feel like here you get all the bells and whistles working at startups without the potential exit rewards - except for Shopify of course, their employees must all be super happy :)