Tech & Gadgets

Clio CEO Jack Newton says Canadian VCs need to give companies a "home-field advantage"

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Clio CEO Jack Newton is advocating for Canadian venture capitalists to offer higher valuations to Canadian startups, moving away from the historical practice of seeking "hometown discounts." This shift is crucial for fostering a more self-sustaining Canadian tech ecosystem and potentially enabling the emergence of companies comparable to Shopify or Clio. Ultimately, Newton suggests updated tax policies and increased velocity in dealmaking are needed to incentivize Canadian founders and investors.

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