There is an interesting article in one of Canada's national newspapers that has caused quite a stir among the Canadian VC and startup community.

Also, a rebuttal by Rick Segal, a partner with JLA Ventures: http://ricksegal.typepad.com/pmv/2009/05/never-let-facts-get...

and a response by Andrew Lai, an entrepreneur interviewed in the original article: http://simplyalbert.blogspot.com/2009/05/venture-capital-bre...

I am a Canadian entrepreneur with some pretty fresh and relevant thoughts of my own as we are in the process of raising capital (in CleanTech, not webapps) but before I share my perspective I would like to hear what others think.