
Montreal has emerged as one of the world’s premier AI hubs, rivaling Toronto, London, and San Francisco in academic depth and innovation energy. With its deep research ecosystem, strong cultural identity, and global perspective, the city stands as a key pillar of Canada’s startup landscape. Yet, as with so many ecosystems I have studied globally, Montreal’s founders face a similar dilemma: too much emphasis on raising venture capital too soon — and not enough focus on bootstrapping to customer success first.
>>>Sramana Mitra: What are you seeing in India? The first wave of Indian e-commerce or consumer brands served the higher end. Now the middle class is much more tuned into e-commerce. Everyone uses 10-minute services like Blinkit. What trends are you seeing in going down-market in e-commerce?
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Toronto is the beating heart of Canada’s startup ecosystem. It’s where finance, technology, and academia intersect most densely — a city that has matured into one of North America’s most vibrant innovation hubs. With a strong base in FinTech, SaaS, and AI, Toronto has given rise to several of Canada’s most globally recognized tech companies. Yet, despite its achievements, Toronto also embodies the structural contradictions of the modern startup landscape — an overemphasis on fundraising at the expense of sustainable business building.
>>>Sramana Mitra: Unfortunately, the media has framed entrepreneurship as financing. Entrepreneurship is customers, revenues, and profits. Financing is optional. Exit is optional. The media has completely confused entrepreneurs with this financing-centric narrative.
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Entrepreneurs are invited to the 709th FREE online 1Mby1M Mentoring Roundtable on Thursday, November 20, 2025, at 8 a.m. PST / 11 a.m. EST / 5 p.m. CET / 9:30 p.m. India IST.
If you are a serious entrepreneur, register to Pitch and sell your business idea. You’ll receive straightforward feedback, advice on next steps, and answers to any of your questions. Others can register to Attend to watch, learn, and interact through the online chat.
You can learn more here and REGISTER TO PITCH OR ATTEND HERE. Register and you will receive the recording by email, even if you are unable to attend. Please share with any entrepreneurs in your circle who may be Interested.
Yanev Suissa, Managing Partner and Founder at SineWave Ventures, discusses changes in Venture Capital and his firm’s investment thesis.
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During this week’s roundtable, we had Yanev Suissa, Managing Partner and Founder at SineWave Ventures, discuss changes in Venture Capital and his firm’s investment thesis.
Synch Cycle
As for our entrepreneur pitches, first we had Ravikumar K. from Atlanta, Georgia, pitch SynchCycle, a FemTech idea.
Lumiera
Next, we had Maryam Lopes from Ithaca, New York, pitch Lumiera, also a FemTech business.
Difinity.ai
Then we had Atiq Khan from Sydney, Australia, pitch Difinity.ai, a compliance SaaS product.
You can listen to the recording here: