I knew many Silicon Valley entrepreneurs on the spec list and in business in the late 1990s. To a man, they all refused to invest in other Silicon Valley companies claiming that they knew everyone in the industry, and they were all phonies, and finaglers, not to be trusted. The kind that hyped their stock, sold out and repeated in some other field with the glow of unjustified success on their backs.

I have met many who fit this description since. However, I did not generalize the situation to Canada, but apparently I should have as the iconic Canadian company's insider trading of the last several years, and announcements before sales shortfalls (they were big on "shipments" rather than sales shows. The big product presentations as Disney should have been a signal.


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