On Mon, Sep 13, 2010 at 9:10 PM, Matthew Griffiths < matthew.griffi...@mail.com> wrote:
> Guys, > > In terms of VC, we can almost count active funds on the fingers of one > hand (a couple of clean tech IIF's, Starfish, etc.). This will almost > double with the new IIF round - investing Q2/Q3 next year. It's still > a very shallow pool. You could go abroad, but the success rate is > extremely low - Atlassian is a clear outlier. If you're looking for > less than $10m, you can basically forget about non Aussie funding > (there are some great exceptions - but keep your expectations > realistic). > Atlassian isn't the only example, Open Kernel Labs raised $7.6million from a combination of Australian and US investors: http://www.ok-labs.com/releases/release/open-kernel-labs-attracts-76-million-in-venture-funding Audinate raised $4m recently (albeit locally): http://www.starfishvc.com/starfishnews.aspx?xcid=523 So it isn't impossible to get funding. Cheers, Ben > On Sep 13, 10:42 am, Renai LeMay <rle...@gmail.com> wrote: > > Innovation Bay is constantly calling for people to come and pitch to > > them, and now this drops out of the 'sky' -- or should that be the > > 'Yuuwa'? ;) > > > > Perth VC pumps $1.5m into agriculture IT startuphttp:// > delimiter.com.au/2010/09/13/perth-vc-pumps-1-5m-into-agricultu... > > > > I am beginning to suspect that the whinging about a lack of VC capital > > in Australia is just that ... whinging. > > > > Thoughts? > > > > Renai > > Publisher, Delimiter > > > > PS I am heading to the next Innovation Bay dinner -- will be > > interesting to see what the sentiment is on the issue there. > > -- > You received this message because you are subscribed to the Silicon Beach > Australia mailing list. > > Guidelines on discussion: http://tr.im/ujKF > > No lurkers! It is expected that you introduce yourself: http://tr.im/ujMm > > To post to this group, send email to > silicon-beach-australia@googlegroups.com > To unsubscribe from this group, send email to > silicon-beach-australia+unsubscr...@googlegroups.com<silicon-beach-australia%2bunsubscr...@googlegroups.com> > For more options, visit this group at > http://groups.google.com/group/silicon-beach-australia?hl=en?hl=en > -- You received this message because you are subscribed to the Silicon Beach Australia mailing list. Guidelines on discussion: http://tr.im/ujKF No lurkers! It is expected that you introduce yourself: http://tr.im/ujMm To post to this group, send email to silicon-beach-australia@googlegroups.com To unsubscribe from this group, send email to silicon-beach-australia+unsubscr...@googlegroups.com For more options, visit this group at http://groups.google.com/group/silicon-beach-australia?hl=en?hl=en
