Hey Jeromy, Here's my 2cents worth (used to be only 2 paisa worth till 3 weeks ago :)
I've been in the startup space for a while, particularly in India for the last 3.5 years (and just came back home to Sydney). Dealt with some VC's there, and all the rage about developing nations, but having a lot of on-the-ground experience over there, i realise, you pay peanuts, but you do indeed get only monkeys! * Sydney/Australia is one the very few "developed" nations that is doing economically well and has *very very good quality people willing to take chances* * Developing nations come with a whole set of challenges, and unless you know *exactly* how to navigate those, being a startup there is nearly impossible! The red tape itself kills you! *Some* people there are fantastic, but you can't be a one man band, context does change everything... Probably won't come as a surprise to people, but the good people there (be they few and far between) in some cases charge so much, that when i got outsourced work from Aus to India, i used it further outsource it to the US :) (especially for iPhone development). On another note, the context in developing nations is so different, that you need totally different solutions... so if someone (from the west) is investing in a startup to come up with solutions to problems that they understand, they must do it "in the west; or so far east that it's in australia :)" - in developing nations, the same issues just don't exist, and them problems will not lend themselves to being solved there. As every apple product says: "designed in california" - the design to solutions, the thinking work, must be in the context of where the problem is... the dogs work can be outsourced... and hence i suspect, the money raised by startups here, some of it will flow to other countries for execution anyway. simran. simran. On Wed, Oct 5, 2011 at 10:15 PM, Jeromy Evans <[email protected]> wrote: > 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 > > -- > You received this message because you are subscribed to the Silicon Beach > Australia mailing list. Vist http://siliconbeachaustralia.org for more > > Forum rules > 1) No lurkers! It is expected that you introduce yourself. > 2) No jobs postings. You can use http://siliconbeachaustralia.org/jobs > > > 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?hl=en > -- You received this message because you are subscribed to the Silicon Beach Australia mailing list. Vist http://siliconbeachaustralia.org for more Forum rules 1) No lurkers! It is expected that you introduce yourself. 2) No jobs postings. You can use http://siliconbeachaustralia.org/jobs 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?hl=en
