Y Combinator has quietly removed Canada from its list of countries where it invests. Canadian startups now need to incorporate in the U.S., Cayman Islands, or Singapore to join the world's most prestigious accelerator. YC president Garry Tan confirmed the change, saying Canadian founders should "just convert to Delaware C Corp" if they want to raise money. But on the same day, Toronto-based Waabi announced what it claims is the largest funding round in Canadian tech history: $750 million USD, with Uber committing up to another $250 million. Two stories, two different answers to the question of whether you need to leave Canada to build something big.
Chapter Markers / Timecodes
00:00 – Intro
00:30 – Y Combinator Drops Canada
03:15 – Waabi Raises $750 Million USD
05:45 – Outro
References
Y Combinator:
Waabi:
Tags
Y Combinator, YC, Garry Tan, Canadian startups, Delaware, incorporation, brain drain, Waabi, Raquel Urtasun, autonomous vehicles, robotaxi, Uber, Series C, physical AI, venture capital
