A recent report in The Ottawa Business Journal regarding VC's exiting Quake technologies in an $80 million dollar deal.

The trouble with the reportage is the OBJ failed to indicate that investors poured about $65 million into the company between 2000 and 2001 resulting in a estimated return of about 22% not bad if it were a yearly return but,  when divided over the last 5 years it amounts to a less than impressive 4.5% per annum.

While 4.5% would make most people happy if it were in a Guaranteed Investment Certificate, Venture Capital is anything but guaranteed. This deal gives insight into the state of Venture Capital in Canada, in that, it is being touted as a success. The reality is technology investors have taken a severe hit and are feeling lucky to get there money out rather than write off the whole thing.