More than ever before (I think), new angel funds and incubators are
appearing for tech startups in Aus.

This is awesome, but what's the underlying reason for this?  Most
industries are pretty low, consumer sentiment is pretty low and until
recently the Australian dollar was unattractively high. Despite the
high risk of failure, funding several tech startups with smaller
investments must be more attractive than other ways to use that money,
at the moment.

Is this a side effect of The Social Network and the recent high
profile high valuations in the US, or is there something else going on
here? Is there a groundswell?

cheers,
Jeromy Evans

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