Mike, 1. I honestly don't think the good ideas are rising to the top. I think Australians entrepreneurs have difficulty with a) talking up their businesses and b) asking for money. Put together with the issue that getting funding is not a highly visible activity in Australia, it tends to force Aussie entrepreneurs to just tend bootstrap and in doing so they aren't going to grow fast enough to keep pace with other start-ups internationally or locally keep up with corporations. 2. I don't think its a culture of success that is the problem either. A lot of great innovation comes out of Australia, it just incubates inside of corporates. We don't have a 'Culture of funding'. I know a lot of people who have ideas, but wouldn't know how to get funding or believe they can get funding to get a venture off the ground. I got made redundant which aside from pissing me enough to swear never to work for the man again, also gave me enough money for 6 months to go out and try get something off the ground while still being able to pay my mortgage.
I don't think we're going to start getting those successes until we start better plugging together entrepreneurs or would-be entrepreneurs with angels or would-be angels. And with the technology available to us today, it should be a no brainer to do that in a way that is more suited to the Australian way of doing business. I don't know if it can work like this, but next Sydney startup camp if it is at all possible for me to be there, I would be very keen to get stuck into a project that would achieve that. On Oct 13, 1:05 pm, "Mike Cannon-Brookes" <[EMAIL PROTECTED]> wrote: > > I've long felt the biggest problem with the Australian start-up > > community is very low visibility of angel investors/VCs. > > Mate - just chiming in. As a part-time angel (who knows a lot of other > Aussie angels and even VCs) - I certainly don't think this is the > _biggest problem_. For me, I wouldn't even put it in the top 3 :) > > m > > PS Before someone asks, I'd say the top 3 are - 1) good quality ideas, > 2) experienced, committed people (both in the startups and in the > community) and 3) a culture of success. --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "Silicon Beach Australia" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [EMAIL PROTECTED] For more options, visit this group at http://groups.google.com/group/silicon-beach-australia?hl=en -~----------~----~----~----~------~----~------~--~---
