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by DaniFong 5024 days ago
As a Canadian now living in Silicon Valley I think this is a perilous idea.

The main problem is that Canada doesn't have near enough active VC investors.

Hardly anywhere does, even Silicon Valley.

Having them be the sole gatekeepers will fall far short of what's possible.
2 comments
otoburb 5024 days ago
The government is grasping for straws. It seems they were pretty desperate to close the previous e-visa loophole that was being clearly exploited and come up with a new idea.

Given it's only 2750 visas/yr, I like to think this is the Canadian government's version of an MVP that VCs and Canadian startup communities have lobbied hard for.

Maybe they'll find ways to expand or relax the qualifying restrictions in the future.

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patdryburgh 5024 days ago
>The main problem is that Canada doesn't have near enough active VC investors.

A trend that is certainly changing. Vancouver, for instance, has a growing and vibrant VC community, from which this very bill was initiated.

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