Over the last 15-years Amazon and Alphabet have grown revenue by 26x and 15x. Costco and Walmart by nearly 3.6x and 1.7x. I know where I’m shopping today.

In tech, almost all the value is in the terminal value. The next 5 years matter. The 20 after that matter more. Recent volatility is just the market repricing long-duration expectations. Look at the market-cap leaders by decade — the stack rotates fast. Very few companies stay on top for long. AI will destroy weak business models. It will also create insurmountable leads for companies that stay paranoid and reinvest aggressively. Who will be on the 2030 stack?

Clio closes US$1-billion acquisition backed by new financing as it seeks to become ‘everything app’ for lawyers theglobeandmail.com/business…

Mark Machin-led Intrepid Growth Partners leads first Canadian deal, backing fast-growing Newfoundland AI startup CoLab theglobeandmail.com/business…

We need to be doing everything we can to turn Canada into the best place for entrepreneurs to build 🇨🇦 What's proposed in the federal budget will do the complete opposite. Innovators and entrepreneurs will suffer and their success will be penalized -- this is not a wealth tax, it's a tax on innovation and risk taking. Our policy failures are America's gains. At a time when our country is facing critically low productivity and business investment our political leaders are failing our country's entrepreneurs. Please start listening to the people in the arena.