Howard Lindzon, the founder of WallStrip and a partner at Knightsbridge Capital Partners, made a post today that I think is worth talking about.
Howard spends most of his time in Pheonix, is an adviser to startups at TechStars and has done a lot of his own investing in US based startups. He thinks that things are just starting to heat up in Canada and that while there may be all sorts of problems in the US, things are stable here.
As you all know, I am very long Canada and have spent the summer getting a better feel for the landscape. I think that Toronto is the most undervalued (real estate) of the big, global cities and that combined with Fred?s thoughts above and having RIMM so close to town and the Canadian Dollar so close to par, that the Canadian web scene will thrive for the foreseeable future.
Is Canada’s web startup scene on the brink of something great? Some days it feels like startups are getting started, investors are waking up and the whole world is at our door. Other days it feels like we have the most thankless job imaginable.
I don’t know the answer, but what I do know is that the tide is turning and that it is starting to make more sense than ever to start something great here. We may not be tripping over VCs when we go for a walk, but we are tripping over talented, eager and creative folks who want to build things, find markets and make money, and that is worth more than anything.
I don’t think it is just the real-estate that is undervalued here, I think it is you.