IMHO the more angels / incubators/ VC's the better. there needs to be more capital here and people willing to take a punt.
I believe the funding of larger startups like Atlassian, 99 Designs, OzForex and newer startups like Bugherd have drawn more attention to the Australian startup scene. We need more success stories like this for the Australian startup ecosystem to flourish and the freeflow of capital and people. VC's, angels and incubators need to also further extend their global reach, spread their bets and find the next big thing. Cheers, Matt Ho @inspiredworlds On Oct 5, 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
