You're right on the money. Bay St likes resources, not startups. The company I'm currently working for was started by a couple of fresh UVic grads in 2005 and

You're right on the money. Bay St likes resources, not startups. The company I'm currently working for was started by a couple of fresh UVic grads in 2005 and they went through 60 VCs before they found one who both had a worthwhile network, and seemed legitimately interested in funding a startup that had positive cashflow from day 1 and partnerships with tech titans.