One of the problems is the public demands a lower risk investment. A single Theranos would knee cap the entire VC industry in Canada. "How could this be allowed to happen?!" The stories of LPs losing their $50k investments would lead the newspapers for months.
In Silicon Valley its a, 'Oh that sucks, but the smart money stayed away, that should have been a tell for the other investors".
In Silicon Valley its a, 'Oh that sucks, but the smart money stayed away, that should have been a tell for the other investors".