http://www.economist.com/node/21541826

> So what's going to happen in 2012?
I only thing I can predict with confidence is that it will be
unpredictable. The innovation-entrepreneurial space is undergoing a
lot of change from the oversupply of dumb capital and the shortage of
experienced mentors ... given that the dev pace is so rapid that
time-2-market is a key differentiator, making more than 1 or 2
mistakes is going to be fatal for all but the larger companies.
Australia is holding own due to relatively young population (compared
with Europe) and high mobility (migration) which means there is less
shame in failing. Towards this end I'd point out
http://www.thewordfortoday.com.au/blog-calendar-5767

"You're not defeated until the past takes your focus off the future.
So don't be afraid of failure."

So best of Aussie luck to all technopreneurs in the coming year for
being gung-ho to have another round

Lawrence
http://nz.linkedin.com/in/drllau

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