[jariel]

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.