UPDATE: This post from February 21, 2016, is being republished in the light of the announcement…
My biggest complaint with venture capital and the current entrepreneurial landscape is the lack of Big Ideas— the superficiality of the technology sector. “We were promised flying cars and we got 140 characters” –Peter Thiel. We also got corporate greed masquerading as “the sharing economy.” Many other well-known observers of this industry share my complaint. Some argue that these Big Ideas are too big for private investment, and can only be funded by governments with the resources and vision to accomplish such large long term projects. I disagree.
This is a very Big Deal, which increases the likelihood that Big Data will be a very Big Deal.
While the Canadian economy is expected to languish in the doldrums for the foreseeable future, D-Wave, a Vancouver quantum computing company, with e@UBC funding, is making big waves (pun intended). Seemingly out of the blue we now have two Vancouver companies that may be showing Canada the way out of its “natural resource curse:” D-Wave and potentially also Hootsuite.