Again, I think there need to be better tax incentives to encourage investment, whether it's in VC funding or whether it's in angel funding. I think there need to be better incentives.
I can tell you that I'm well known. I am known because of a television show, and I'm known because I'm an entrepreneur. When I raised my first fund, it was one of the most difficult things I've ever done, because I was a woman.
Raising capital in the VC environment is not easy. I think that every woman who has testified today can tell you that it's difficult to find capital, no matter where you are. If I struggle to raise capital with my experience and background, you can only imagine how hard it is for anyone else in the VC environment. There are so many rules and regulations put around government and public funding that go into the venture capital ecosystem that it becomes very difficult to access and deliver the value that you want to deliver as a venture capitalist.
The VC community is struggling in Canada right now. It's struggling to find private business that will put money into the VC ecosystem. There is far too much reliance on government funding for our VC ecosystem, so, if that's the case, you have to ask yourself how we can encourage private enterprise to invest in VC. That will come only with the right incentives.