Yet Canadian venture capitalists have not been flocking to them with financial support.
More limited funds narrows the margin for error.
Mr. Lobo's company hopes to change that trend. As dot-com wannabes multiply, traditional financing models no longer hold. At one time, investors would walk into a company and painstakingly examine its business plan and management practices, observe a product's life cycle and its existing revenue stream. In the end, a fairly accurate valuation would surface. But in today's volatile dot-com climate, the tables are turned.