What is Andre Charoo's thesis?

Andre Charoo's thesis revolves around leveraging the unique potential of Canadian founders in the U.S. tech landscape. Based on his personal experiences with companies like Uber and Hired, he noted that Canadian co-founders often outperformed their American counterparts. He observed that many significant tech companies in the U.S., such as Instacart, DataBricks, and OpenAI, were founded by Canadians, yet lacked Canadian investors at their early stages 1.

This led Andre to establish Maple VC, a fund that supports Canadian founders building in the U.S. His thesis posits that by focusing on this underrepresented network, Maple VC can help these founders tap into the U.S. market while also ensuring that Canada's tech ecosystem reaps the rewards of their success. The fund's goal is to build a bridge for these founders, offering the necessary support and early-stage capital to succeed in Silicon Valley and beyond 1 2.

Andre's belief in this approach is supported by data showing that Canadian-founded companies in the U.S. have outperformed other venture-backed companies, validating his strategy and highlighting the untapped potential of this unique network 1 2.