What is hurting Silicon Valley, is helping tech companies in the Toronto-Waterloo corridor.
Canadians entrepreneurs wrote an open letter this weekend saying the country should take advantage of the uncertainty south of the border, amid concerns over U.S. president Donald Trump's immigration policy.
Mark Organ, founder of Toronto tech company Influitive, is in San Francisco this week recruiting talent and meeting with employees in his Silicon office who have foreign passports.
He says he receives dozens of resumes to his Toronto company each day now, many more than he used to before Trump took office.
"What was a steady trickle, has now become a flood," Organ says. "There's a huge number of people, ten times more people, who are interested in applying."
It's not necessarily people from the seven countries named in Trump's immigration policy, he says the uncertainty is influencing some of the thousands of Canadians in Silicon Valley to want to move back home.
Organ says money goes where the talent goes, and if the talent starts rushing to Toronto-Waterloo, companies like his are going to take advantage of it.
"Flow (to Silicon Valley) could be disrupted now... it can be a turning point."