May I just add to what was said? I absolutely agree with the state of the industry as described by Richard. I mean, we have a terrible string of poor results by the companies, thus poor results for the funds, and thus a lack of ability to raise new funds. Then we go into a pretty vicious cycle.
The one thing happening that I think is positive, and that is probably the only positive light on the horizon, quite candidly, is the fact that the funds will now be much larger. Venture capital is still a relatively young industry in Canada compared to the U.S. One of the things we've learned through this is that starting a great number of small funds was not the right way to go, because you didn't have the financial clout to invest big ticket items into one company and you couldn't afford the right expertise, so we spread a lot of the money around to a lot of small funds.
I think what everyone is saying today is, yes, let's raise more money, but let's do it in much larger funds and much more capable funds. I think that is going to be a plus for the industry.