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back to index backAMERItalk September,  2016


Toronto is poised to become the next great producer of tech startups

I’ve spent more and more time in Toronto over the past few years and learned there’s more to this city than Drake calling it home and the recent successes of their professional sports teams. We made one investment there in 2015 and the experience — with the company specifically and the city generally — has been overwhelmingly positive.

It’s been so positive, in fact, that we’re actively looking for more high-caliber Toronto founders to fund. The city has all the markings of a world-class hub for technology startups and reminds me a lot of how New York City felt in the early 2000s when I moved back from the Bay Area — simmering with entrepreneurial talent, opportunity and a strong foundation to support it. I think Toronto is poised to contend as one of the biggest North American hubs for technology startup activity over the next five-10 years.

On a recent visit, a native Toronto entrepreneur explained why she thought I may be picking up on these undertones: Toronto always had the talent, but it was historically recruited away. Today, the city is recapturing more of those people who left to work in the Valley or elsewhere, and they’re coming back to build businesses back home.”

Here are few reasons why Toronto is well positioned to make this transition.

Creative engineering-focused talent pool in a Top 5 North American city
Most people don’t realize Toronto is the fourth-largest city in North America (only New York, Los Angeles and Chicago are larger) and produces the most engineering-focused university graduates each year. There are 150,000 full-time students enrolled in universities throughout the Greater Toronto Area, all within 90 minutes of the city center.

To read entire article, please click here.

Source: TechCrunch - GAI






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