A smart, achievable blueprint for Canadian growth 💯
Canada has the third-largest oil reserves on Earth, the largest uranium deposits, massive critical mineral wealth, and an educated population.
We're also the only resource-rich nation without a sovereign wealth fund.
Norway turned oil into a $1.7 trillion fund. Alberta had one and shut it down. We've spent decades letting natural resource revenues disappear into general budgets instead of building long-term capacity.
The path forward is clear: build the most competitive tax regime in the G7, retain our best talent instead of training it for export, own the critical minerals and energy supply chain, and create a sovereign wealth fund from resource revenues.
Canada has every advantage required to be a top-5 global power. We just need to stop squandering them.
This is so common that it's become normal now. @scottastevenson also called this out previously, too. Many founders are just exaggerating — or flat out lying — about their numbers.
➡️ Run rate mislabelled as ARR
➡️ Non-recurring revenue included in ARR
➡️ Labeling leads as paying customers
➡️ GTV claimed as ARR
The list goes on.
I used to think it was limited to younger founders, but I've seen a few older founders do this as well.
You'd think that reputable funds would catch all this during due diligence, but now I'm seeing some investors play the same game, knowing the inflated numbers will lead to a faster, higher markup at the next round.
Wartime investors are the best.
Our earliest ones have stuck with us through thick and thin.
So much nonsense in the VC world. Seed rounds as call options, VCs dissing on their own portfolio CEOs, pro-rata arguments between small and big investors and the founders, VCs investing in competitive companies…
…got me thinking about the investor landscape in a different way. It is not just about being founder friendly or not founder friendly. It is more than that. There are wartime investors and there are peacetime investors. And I believe founders should find their wartime investors early, and keep them close.
open.substack.com/pub/redgla…
This is a must-read for any founder. I still refer new founders back to the original thread, because it works so well.
The best 60-seconds you'll see today.
Go Mason!
NEW: Eleven months ago, Captain Smit Machchhar went on a podcast to talk about flying and said "If you're up there and something happens, who's going to save you?"
Turns out HE was the one who did the saving.
(via @Goodable)
As someone who covered the US drawdown in Afghanistan extensively, there are several parallels here.
For one, nearly every soldier I spoke to was happy to be going home. Some had been through multiple deployments, but by the time the drawdown happened, very few understood why the US still needed such a strong presence in the country — especially after spending billions of dollars to train the Afghan army to defend the country without US support.
Nobody thought that the Afghan Army would be adequately able to defend the country on their own. In hindsight, they were right. The corruption was significant, as were the inflated numbers being given out by the Afghan MOI on how prepared their forces were.
Much of the equipment the US left behind wound up in the hands of bad actors, or sat in un-used military depots. That's because even though equipment like MRaps were left behind, they required maintenance that only US engineers could do. Unbeknownst to many in the US, alot of equipment was auctioned off and sold to US law enforcement agencies back home. It's why you'll see some police units with huge military MRaps.
Iraq is a very different situation, but like Afghanistan, it is still divided along ethnic or sectarian lines. My hope is that peace, stability, and prosperity will prevail.
Goodnight Baghdad: US troops leave Iraq after 23 years
"Had anyone told me while I was dodging IEDs in 2007 that I'd be writing about the final withdrawal at age 48, I would have rightly questioned the entire project"
responsiblestatecraft.org/us…
Remember folks, Toronto signs players for what they've already done, not for what they are going to do.
Okay, sorry for the delay.
I believe the math forced Toronto/Columbus to rework the trade
Still involves Marchenko, Knies & Merzlikins
Word is Marchenko extending in Toronto 5 or 6 years, approx $12.5M AAV
Big respect for founders who choose to build in Canada. It's like Canadian salmon -- you're constantly swimming upstream but when it works, the results are incredible.
Five years ago, as a computer science student at Waterloo, I was told the only way to build world-class products was to move to the US.
I ended up co-founding Float here in Toronto instead, and today we're growing our engineering team by more than 25% to rebuild Canada's financial infrastructure for Canadian businesses.
If you're an engineer who wants to build world-class products on home soil, I'd love to meet you. Our open roles are in the comments.
This is the most invested I've been in an outcome from a random video in a long, long time.
You will be too.
This was such an important part of Canadian culture. Glad SCTV is getting the spotlight it deserves.
This is horrific. No one should ever be targeted because of their faith or for attending a place of worship. People of all faiths should stand against this.
The two officers who risked their life to stop the assailant are heroes.
#BREAKING: Belleville synagogue shooting is hate-motivated crime, police chief says ctvnews.ca/toronto/article/t…
I've been at UNGA all week and there's been a massive shift on how organizations are getting their messages out.
I've participated in multiple UN panels, attended several receptions, dinners, and more. And they all had one thing in common:
There were no journalists invited.
Let me repeat, no journalists were invited.
Everyone focuses on the main UN General Assembly speeches and rightfully so. It's where world leaders state their positions. But the real work — the networking, deal-making, influence peddling, and partnerships take place behind the scenes: At meetings, off-site galas, nightcaps, symposiums, and more.
I just attended one last night organized by two of the biggest companies on the planet.
Previously, there would have been journalists invited.
This time, not a single one.
Instead, they've been replaced almost entirely by creators and influencers. One of the biggest events I attended had dozens of influencers, from all over the world, but no journalists (not including one of the MCs, who is more of a commentator than a journalist). Companies and NGOs are realizing that the new influencer/creator class have more power, more influencer, and more loyal audiences than the legacy media does.
It's a massive shift and I think it's irreversible.
The greatest Canadian athlete of all time isn't a professional sports star.
He's a cancer survivor who ran a marathon everyday, for 143 days, on one leg.
Hero.
Muhammad Lila retweeted
It's go time. Don’t waste it! The world is looking at Canada for the first time in a decade. That window doesn't stay open forever. Stop waiting for someone else to price the first round. Lead it. Back the founder who isn't a safe bet yet. Ottawa can clear the path. Go!! 🇨🇦💪🍁
A reminder that on September 12, 2001, Steve Buscemi put on his old firefighter uniform and went to Ground Zero to volunteer. That's him on the left.
The most important thread you'll read today. It explains why so many Canadians are upset right now.

















