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To the best of my knowledge this is the single most important economic event to happen to NL in our entire history.
I'm not joking.
It is the largest sale of a tech firm in CANADIAN history.
It is the largest injection of wealth into NL, ever.
Thread (1/n) https://twitter.com/Nasdaq/status/1329395739659735042
I'm not joking.
It is the largest sale of a tech firm in CANADIAN history.
It is the largest injection of wealth into NL, ever.
Thread (1/n) https://twitter.com/Nasdaq/status/1329395739659735042
It shows, with GLARING clarity, how technology is truly the single best hope for NL to carve a new path toward economic prosperity.
It will forever make NL be known for something other than fish.
Three young men from NL founded the company in 2003.
2/n
It will forever make NL be known for something other than fish.
Three young men from NL founded the company in 2003.
2/n
They went to MUN. They grew up like any of us. They took an idea and worked on it relentlessly for years and years and years.
This is a story that must be told again and again and again. They hired talent from NL, who went to schools here in NL. They grew and grew.
3/n
This is a story that must be told again and again and again. They hired talent from NL, who went to schools here in NL. They grew and grew.
3/n
Every person in school in NL right now should be thinking about a career in technology.
Every person in a legacy industry should have their transition to technology funded by the government just like the TAGS program from the 90s.
4/n
Every person in a legacy industry should have their transition to technology funded by the government just like the TAGS program from the 90s.
4/n
We've had countless governments pay lip service to the tech sector in the last 20 years. They've invested pittances into its growth.
@_techNL (formerly NATI) has been screaming about the potential of tech in NL for YEARS.
They need not scream any more.
5/n
@_techNL (formerly NATI) has been screaming about the potential of tech in NL for YEARS.
They need not scream any more.
5/n
This needs to be the mold by which we model our ENTIRE ECONOMY.
Imagine our Province with ten more Verafin-like stories.
Gerry Pond sold Radian6 and Q1 for $900bn from New Brunswick and that province's tech sector is BOOMING off that.
6/n
Imagine our Province with ten more Verafin-like stories.
Gerry Pond sold Radian6 and Q1 for $900bn from New Brunswick and that province's tech sector is BOOMING off that.
6/n
This deal likely means there are 50-100 people who are now worth millions.
That capital will be put to work *right here* in NL.
How many more NL based companies are going to strap a rocket ship to their businesses because of this?
7/n
That capital will be put to work *right here* in NL.
How many more NL based companies are going to strap a rocket ship to their businesses because of this?
7/n
Jamie, Ray, and Brendan and their team have created the most important economic milestone in the history of NL.
Our future is forever altered. We will remember our economy Before Verafin and After Verafin.
8/n
Our future is forever altered. We will remember our economy Before Verafin and After Verafin.
8/n
It's time to turn this place into Silicon Valley of the North Atlantic.
Talk to someone at techNL. Talk to the Genesis Center. Find out how you can get involved in the technology sector.
Encourage kids to learn how to code.
Encourage people to become the next Verafin.
9/9
Talk to someone at techNL. Talk to the Genesis Center. Find out how you can get involved in the technology sector.
Encourage kids to learn how to code.
Encourage people to become the next Verafin.
9/9
