Allen Lau 🇨🇦

Super excited to announce TSF’s Fund III today! With $41 million (US$30 million) to invest in the next frontier of computing and its applications, covering everything from deep-tech AI to protocols to semiconductors. With a bigger fund, we will lead, co-lead, and participate in rounds, i.e., anything with the word ‘seed’ in it. In other words, from company inception to the round before Series A. Our investment team members are all engineers, entrepreneurs, and operators, including a successful CEO-turned-investor—that’s me! :-) Our track record includes extensive experience in semiconductors, creating groundbreaking AI products, and founding and scaling massively successful global tech companies. Needless to say, we are uniquely qualified. We will help your startup achieve extraordinary success, just like we did in the past. Please reach out to us if you are a seed-stage startup focusing on the next frontier of computing. We want to hear from you as long as you live on planet Earth! betakit.com/two-small-fish-v…

8/8 Canada needs more ambitious builders, capital to back them and successful founders willing to do it again. This budget helps align those incentives. The opportunity: more world-class companies built here. budget.canada.ca/2026/report…

7/8 A world-class invention is a starting point. Building a world-class company requires proving customer value, navigating deployment and creating a repeatable business. Policy that recognizes more of that journey is clearly moving in the right direction.

6/8 The Productivity Mega Deduction strengthens incentives to invest in productive assets. The government estimates it would lower the marginal effective tax rate on new business investment from 13% to 6.4%. That is not the corporate income tax rate.

5/8 The budget also proposes expanding SR&ED to include certain commercialization expenses and confirms the $675M Later and Growth Stage Investment Stream. Both matter for turning technical capability into products customers buy—and companies that scale.

4/8 When successful founders and investors back the next generation, they bring experience, relationships and judgment alongside their money. That is how an ecosystem compounds.

3/8 The proposed enhanced small business rollover would make it easier for eligible investors to reinvest proceeds into another Canadian small business while deferring capital gains tax. That makes recycling capital a more attractive decision.

2/8 It is Canada’s answer to the U.S. Qualified Small Business Stock (QSBS) incentive. The rules differ, but both reward building and investing in qualifying companies. Founders, early employees and investors take risks years before the outcome is visible.

1/8 Canada’s Budget 2026 proposes a meaningful step for company builders: the Canada Growth Incentive, including a capital gains exemption of up to $15M per eligible individual, per qualifying business.

Congratulations to @mimurchison, @davidhariri and the entire @ada_cx team on the news of Ada's combination with Dialpad! Here's a behind-the-scenes story about how it all started at Wattpad. 🧵

Surround yourself with extraordinary people. Keep raising the bar. Build a culture that makes them want to stay. And when things go wrong (they will), be the phoenix. Keep rising. Keep flying.

Building a startup is a team sport of both IQ and EQ. Brilliant technology alone won't build a great company. As CEO, your job is to set direction, bring extraordinary people together, and create the conditions for them to succeed.

A breakthrough technology is not a company. Deep tech founders must master three things: technology, product, and commercialization. And keep reinventing themselves as the company grows. The founder you are today shouldn't be the founder you are two years from now.