Brutal venture capital stats for H1 2007 part 3
A quick thank you to Mark Evans for pursuing the topic of weak VC investing trends in his blog post “Canada’s venture capital crisis“. While the model isn’t perfect, he is right to support the need to permanently extend the ability for the good labour-sponsored funds to raise capital. Our prior stuff is here (“Brutal venture capital stats for H1 2007“, August 1-07, “Brutal venture capital stats for H1 2007 part 2“, August 5-07 and “CVCA confirms weak VC data for first half of 2007“, August 14-07).
I’m looking forward to hearing what Dalton McGuinty and John Tory have to say about the topic during the next 28 days. The MaRS project itself is not innovation; it’s just bricks and mortar. Funding of new firms is down dramatically in Ontario but not elsewhere in Canada; why isn’t that resonating with our politicians during an election campaign?