They weren't minor investments, either.
Many entrepreneurs believe VCs are in for a quick buck and significant control.
The average VC holds an investment for three to eight years. Labour-sponsored funds are a relatively new breed of venture capitalists. These cash-laden funds, fueled by special RRSP benefits, have an appetite for all types of businesses. They have been sharply criticized in previous years for holding large reserves and being too cautious, but in recent years they have begun investing heavily. Canadian companies also have a great reputation abroad and there's no reason why a small business can't look across the border for investors.