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A comment on Could VC be a Casualty of the Recession?.

Re:Could VC be a Casualty of the Recession? by electric on Saturday December 06, 2008 @09:49AM (#388111)
"Imagine what it would do to the VC business if the next hot company didn't take VC at all."

No need to imagine. Just look North -- this is reality.

Neither RIM (makers of the blackberry) nor Cognos (now IBM) took VC funding.

VC has imploded in Canada and startups are surviving as they have always.

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Re:Could VC be a Casualty of the Recession? by gruseom on Saturday December 06, 2008 @04:05PM (#388345)
RIM started in 1984 and Cognos in 1969 [!], so I'm not sure what conclusion you can draw from their early histories.

Also, RIM "was financed by Canadian institutional and venture capital investors in 1995" (http://en.wikipedia.org/wiki/Research_in_Motion).

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