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The Globe and Mail: For Canada’s tech to thrive, startups must grow up

For Canada's tech to thrive, startups must grow up

When Microsoft Corp. offered to buy his software startup for more than $10-million (U.S.), Carl Rodrigues agonized about the decision for three days.

It was 2006 and his firm, SOTI Inc., had nine employees and $800,000 in revenue. Friends and family urged him to sell, convinced the giant from Redmond, Wash., would crush him if he said no. Saying yes would have made the Pakistan-born Canadian immigrant a multimillionaire – but he wanted to keep building.