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The money came from Desjardins etc. because of the 'strategic' and 'nationalist' aspect of the investment. No VC - even American one's were going to invest in
by jariel 6y ago
The money came from Desjardins etc. because of the 'strategic' and 'nationalist' aspect of the investment.
No VC - even American one's were going to invest in that kind of boondoggle up front at those valuations.
So you're right when you say 'there isn't enough money' - at the same time, that's not the problem specifically here, and, frankly, good companies will get the money.
There are big funds in Canada.