You knew it had to be a matter of time before a major Canadian VC got jiggy about his new blogging thing-a-jig! BrightSpark, which does as much early-stage investing as any Canadian VC, has launched its own blog (hat tip to Alec Saunders). Among Mark Skapinker's first posts is one on why Canadian software developers are so great. Mark (and BrightSpark partner Tony Davis), if you really focus, you coujld become the North of the Border version of Fred Wilson or Brad Feld! In any event, welcome to the blogosphere. For any Canadian VC already blogging away, my apologies - please let me know where you can be found.
Update: My bad on not pointing out that Rick Segal, a principal with Toronto-based VC J.L. Albright, has been an active blogger. That said, Rick has his own blog as opposed to writing for a J.L. Albright blog.

To blog or not to blog, that is the question...but can you make money doing it? The Wall St. Journal takes a stab at answering the question with a Q&A between Internet entrepreneur Alan Meckler and blogging entreprenuer Jason Calacanis, who sold his Weblogs blog network to AOL for $25-million. The bottom line: if you have a blog (or a blog network) with a lot of traffic and good content, you can make money. As Scott Karp points out this makes blogging no different than any other media  property.

The problem with "Can you making money from blogging?" - is it's the wrong question, albeit one many people have been raising. A more appropriate question is: "Why do you blog?". I suspect making money would be way down the list after things like: the opportunity to create a mini-global brand, the ability to communicate and share new ideas, a enjoyable hobby, etc. For a small handful of people and blog networks, there will be lots of money to be made but if blogging was all about money, there wouldn't be 35.4 million blogs around. Personally, I make about a $1 a day from AdSense but what I make in other ways - personal branding, new contacts, feedback from smart people, etc. - is  invaluable. Hey, that sounds a lot like those Mastercard Priceless ads!
For more insight into blogging for fame and fortune, check out Thomas Hawk, Gaping Void (a.k.a. Huge Macleod, who makes money from selling ultra-funny business cards), Stowe Boyd, Duncan Riley and Stuart MacDonald, who  does a nice jog of articulating the benefits of blogging beyond the dough.
Update: Just thought I'd mention (shameless plug) that the mesh conference will get into the significance and impact of blogging beyond the profit potential.