In my experience VCs suffer from immensely-inflated senses of self-importance, and think that they possess some unique skill/knowledge to "pick the winners", and so they expect you to come kowtow to them rather than deign to come meet you where you're at. Whether or not that's why there's less VC presence/deal flow in Canada I'm not sure.
Afaik even "come kowtow to them" to get funding isn't enough. A lot of Valley VCs want early stage startups to relocate.