Canada is the best place for a startup to knuckle down and work on a product that they believe in, as long as complacency doesn’t set in, Shopify’s Tobias Lütke says at Montreal’s StartupFest.
After reading a book about WWII codebreakers called Cryptonomicon, Julie Haché “decided to play around with her laptop and I managed to recompile my first kernel. That was the moment that I got hooked. I knew I needed to learn more about this whole world.”
After the implosion of Nortel and the missteps of Blackberry, Canada wasn’t exactly a symbol of tech success. Ottawa-based Shopify’s IPO offered a chance to restore some faith in the country’s innovation capability. A free-fall in the price of oil, which was about wipe out tens of thousands of jobs in the energy sector, raised the stakes even higher.