What are the strengths and weaknesses of the Canadian entrepreneurship ecosystem and how can it be improved?
The ecosystem is thriving and alive.
I am very proud of how far along we have come, especially in the past few years.
With success stories like Shopify
and Lightspeed, it is making a lot of entrepreneurs a lot bolder and more risk-taking, and that is helping us a lot.
For strengths and weaknesses, the biggest strength we have here is the Canadian brand itself.
The Canadian brand is perceived as both competent and respected.
When it comes to moral and ethical views, the world respects Canada.
At the same time, people respect the Canadian product as being competent and not subpar,
and that is something really important to highlight as a strength and that helps Canadian entrepreneurs.
One weakness of the Canadian entrepreneurship ecosystem is how low-key Canadian entrepreneurs and founders are.
I used to think that this was a media problem,
but it is not as much a media problem as it is the Canadian modesty of the entrepreneur,
not wanting to be on media and speak up.
It is a compliment to be modest and humble but sometimes being too humble is not ideal because
we need more success stories to be told and shared.
There is a lot of pain and struggle in what you go through to help inspire others to experience the same growth journey to take a company from an idea to being worth 1 billion dollars.
It is good to tell the story more and be less low-key than we are in Canada.