This is the reason BlogMatrix is more focused on selling our product than raising capital:

But here is the problem. These two companies [TVG winners Demand Cast and Official Community Corporation] passed the selection committee at the Canadian Venture Forum. They then jumped through the presentation hoops there and were selected as the most worthy companies for venture investment by a community of financial specialists. They have been vetted, turned inside out, inspected, and almost due-dilligenced to death. For what? They are looking for about a million dollars each. Neither has a term sheet yet [i.e. they haven’t been funded – dpj].

Let’s get this straight. Hundreds of companies apply. Some are weeded out. The rest go through an intense two day peer review. Check. Three are selected. RIght. What happens? Apparently, not much. That’s not the fault of the CVF organizers who are doing what I think is a stellar job showcasing Canada’s entrepreneurial community.