Victoria Revay of NowPublic explains why Vancouver is kicking ass in startups:
A key reason that was sited for Vancouver’s success as a city that fosters great startups, by people like David Raffa, a predominant VC in Vancouver and Jim Charlton of Growthworks was that investors get a high return on their dollar with a relatively low risk of failure. Raffa says that often companies in British Columbia can be built faster on less and operators can “run a leaner ship, because of tax incentives and lower salary demands.” This allows startups to have a chance of staying in the game longer, which often leads to investors getting a high return on their dollar.