I think this is the most important/accurate analysis in this comment thread. Vancouver had a large AAA game industry for a decade or so. It was very much drive

I think this is the most important/accurate analysis in this comment thread. Vancouver had a large AAA game industry for a decade or so. It was very much driven by exits -- all the small/medium studios got bought by Microsoft/EA/etc. The fever is over and AAA has all but collapsed in BC (and possibly the world -- I think there's been a big shift to indie games). I wonder if the lack of exits is a Canadian vs US culture thing? Is there data that shows fewer exits per capita? Are we Canadians more likely to settle for less? There's not that many huge Canadian tech companies, and I can think of a couple that failed due to hubris (RIM, Nortel).