WATERLOO — Tim Ellis sees it every time a startup packs its bags and leaves the business incubator he runs in Waterloo. The dreaded M-word — moving — keeps him awake at night and messes with his mandate. His job is to remove barriers for young companies. But at the point when they're just starting to take off, moving can be a real momentum-buster, said the chief executive officer of the Accelerator Centre.
Tobias Lutke admits he didn't know much about Waterloo until he went to Silicon Valley a few years ago. The founder and chief executive officer of Shopify, one of the hottest software companies on the Canadian tech scene, had gone to California seeking venture capital funding to expand his company.