This is NOT the Olympics. This isn’t about taxation. This isn’t even about subsidies.
How do you think great startups are founded??
Great Startups are started by people who leave successful companies to start their own successful companies.
Heck, they don’t even understand where Amazon makes most of their money!
Amazon.com Inc. is fast becoming a force to reckon with in the world of patents. With 1,662 patents granted in 2016, Amazon was ranked fourteenth in the list of companies with most patents.
Patent Development is the lifeblood of an economy. That’s only going to become more and more prevalent as the Fourth Industrial Revolution sweeps across the globe at singularity-speed.
According to the latest data released by the IFI Claims office, the Seattle company’s patent count rose by 46% [in 2016] and it was the biggest gainer in terms of number of utility patents filed with the U.S. Patent and Trademarks Office (USPTO).
Caroline Fairchild, citing the following statistic, argued that governments should fund startups directly rather than giving billions to Amazon:
…new companies create an average of 3 million jobs a year and have led to nearly all net new job creation in the United States for the past 40 years, according to the Kauffman Foundation’s annual Growth Index of Entrepreneurship. (Fairchild, Linkedin)
What she failed to realize is that Startup Founders, Designers, and Engineers are born in the crucible of Fortune 50 industrial innovation. Besides, it’s not like funding both ends of the spectrum isn’t an option.
Given that Amazon is the #1 at product development, and startup-driven product development is the lifeblood of an economy, this makes Amazon the #1 place for a co-op student.
The disruptive-minded founders, designers, and engineers who graduate from Amazon after 2–3 years will transform themselves Product Development GURUS…replacing the traditional university as a first step after high-school.
I wonder if [City]’s best tech talent will benefit from working at the best tech company in the world? I guess that depends on if the government knows what to do with a renewable source of gold.
Three days ago, Alphabet chose TORONTO for their futuristic mini-city.
There isn’t a city in the US that can hold a candle the combined intellectual capital shared between Toronto + Waterloo + Ottawa + Montreal.
Not convinced? Ask a Fortune 50 Manager where they’ve been getting their best co-op students for the past 20 years.
Toronto + Waterloo + Montreal is in line to become a MEGACITY given that they’re a finalist for Elon Musk’s Hyperloop.
Of course, the fly in the ointment of a Toronto #HQ2 is Ontario’s heavy tax burden.
I wonder how Toronto might, you know, sweeten the pot a little bit…
The guy who staked Steve Jobs $25M when he was kicked out of Apple warned you 25 years ago that this would happen.