+1 Elias That's the point. Yes they might fail. Who cares. In the process we might get some sort of tech hub going. What was the side effect to ireland ? well lets go back a bit. Before the moves, ireland was poor. quite poor. You did uni, got a green card thanks to clinton and the Kennedy's and went to the US. That was PRE tax breaks. Are they in trouble now - yes - due mainly to a lot of property speculation. Economy grew so fast, they created a huge property bubble. Did they build a tech scene - yeah. Remember they started at zero. Did the companies that got formed in ireland inspire people to see tech as an industry worth investing in - either money or their careers - yes. Best illustrated by the slow down in immigration, and , reverse migration back home. At the end of the day do we care about multinationals - no. Its about trying to build an ecosystem - that takes many parts.
Early stage capital is also big - hard because we have easy a lot of ways to exit for the early stage angles - they traditionally liked to flip to next stage investor. ie. make say 50%+ in a year. (this super angel thing at present changes that a bit). Again, ecosystem may help. Also, don't have a good history of tech IPO's. Makes it hard for VC's - focus is generally on trade sale - usually to overseas companies. Again, ecosystem may help. -- You received this message because you are subscribed to the Silicon Beach Australia mailing list. Guidelines on discussion: http://groups.google.com/group/silicon-beach-australia/msg/351e183e1303508d?hl=en%3Fhl%3Den No lurkers! It is expected that you introduce yourself. 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
