“It felt more like therapy than a panel.”

That comment, offered by one of the panelists, drew laughter and knowing nods from around the room. The mood at Vancouver Tech Journal’s Web Summit Post-Mortem was, indeed, cathartic. Dozens of leaders from across the tech and innovation ecosystem came together not just to reflect on the global conference’s first showing in the city—but to air frustrations, share lessons, and chart a path forward.

Held at Northeastern University’s Vancouver campus and co-hosted by Global Public Affairs, the event brought together founders, investors, government officials, economic development professionals, and accelerators for a standing-room-only discussion about what worked—and what didn’t—at Web Summit Vancouver.

Over the course of nearly two hours, a clear picture emerged. While the event offered a boost in global profile and some meaningful opportunities, many local leaders walked away feeling like it fell short of its potential. The question is whether next year can deliver more—and whether Vancouver is ready to meet the moment.

The stakes for Web Summit Vancouver were high. Billed as one of the world’s premier tech gatherings, the event marked the first time the Portugal-based conference had come to BC. Local leaders hoped it would shine a spotlight on Vancouver’s innovation economy, attract investors and talent, and help forge stronger international ties.

On some fronts, it delivered. Many attendees said they met people they wouldn’t have otherwise, reconnected with old contacts, and benefited from the sheer energy of having thousands of global guests on their home turf.

“The exposure from Web Summit was big,” a founder said. “At another event in the Bay Area the next week, people recognized our badge and already knew our name. That never would have happened without it.”

Others noted the validation that came from being featured on a major stage.

“We were lucky,” one founder said. “Being on the main stage is what led to media paying attention. Otherwise, I don’t think they would have noticed us.”

But beneath the buzz, cracks appeared.