Clickbait, vapid article.

Canada will "begin to have a moment" when a $20bn exit spawns a legion of millionaires happy to become VCs.

Except they probably wouldn't want to become VCs since they don't see many successful VCs around them, there aren't many big exits, and there isn't a huge startup ecosystem.

Chicken and egg problem.

Montreal is really hot in AI/data science. U Montreal is arguably the top research university in deep learning at the moment, and McGill and Concordia also have good CS departments.

The IVADO (a cross university data science institute in montreal) recently got a $93M investment for research and promotion of data science in Montreal.

Well at least the "X is the next Silicon Valley" angle is original.

Yeah, using a pretty tired and trite phrase like that doesn't bode well. To be fair though, the titles are often not written by the writers themselves.

Eventually tech will find a way out of the money black hole of CA. You can be weary of these stories but eventually there will be snowball that rolls far enough to become big enough to be worth caring about.