PRINT THIS PAGE O Canada - US start-ups look north for funding.28/02/2002. Source: Red Herring. Lawrence Aragon
While US venture capitalists have been scaling back their investments, VCs from a little further north have been assessing the opportunities. Less exposed to needy technology companies, Canadian venture capitalists are finding some bargains south of the border that have been ignored by their US counterparts, says Lawrence Aragon of Red Herring.
The US saw investments by VC firms in new deals drop by 73 per cent between the fourth quarter of 2000 and the end of the third quarter of 2001. Meanwhile, Canadian VCs invested just 14 per cent less than the previous year. The amount of money invested in the US by Canadian VCs has more than doubled in the same time period covering virtually all technology sectors.
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