<story><title>Canada’s vanishing tech sector</title><url>http://www.theglobeandmail.com/technology/canadas-vanishing-tech-sector/article4396596/?page=all</url></story><parent_chain></parent_chain><comment><author>JumpCrisscross</author><text>»&quot;&lt;i&gt;Many Bay Street investment dealers have lost all interest in the sector, content with the flow of deals in mining and oil and gas.&lt;/i&gt;&quot;&lt;p&gt;This is indicative of Dutch disease, the process by which a country&apos;s natural sources drain investment from its human capital, producing a structural competitive disadvantage in the latter.&lt;p&gt;It usually manifests through resources firms pushing the exchange rate too high for manufacturing et al to compete. In a country with restricted and/or irregularly risk-averse capital supply, however, it could also arise as such, i.e. with limited capital seeking low-risk resources assets. This would imply regulatory constraints on Canada&apos;s capital markets.</text></comment>
<story><title>Canada’s vanishing tech sector</title><url>http://www.theglobeandmail.com/technology/canadas-vanishing-tech-sector/article4396596/?page=all</url></story><parent_chain></parent_chain><comment><author>trevoro</author><text>As one of those &quot;early tech exit&quot; Canadian entrepreneurs, this article really hits home for me. When I first started out I talked to several successful entrepreneurs who were living in Vancouver at the time and got some rather interesting advice. Paraphrasing: Move to the valley. There are too many reasons to be there. Don&apos;t be a patriot - and don&apos;t be a martyr.&lt;p&gt;Lack of critical mass in any of these &quot;tech hubs&quot;, overall aversion to risk, lower paying jobs, and ease of moving to the valley are all cards stacked against you before you even start.&lt;p&gt;Many smart people realize that and they leave - critical mass is incredibly difficult to achieve when you&apos;re still bleeding all that talent. This is why having anchor tenants - large companies that draw talent in is so important. We can just never seem to have more than one at at time, and then they&apos;re mis-managed into oblivion.</text></comment>