>But maybe more usefully, here is a question we really should be asking, and which this forum used to answer. What’s lacking in the Australian tech industry these days?
Apart from all the standard whinges about clueless moneymen and myoptic gov, I'd say that too many capable people are working in industry (stable career path) so have no time to do interesting side projects which could morph into new businesses. Given current tax policies and exit outcomes, they'd rather stay in their nice comfy day job than take the plunge. I refer to San Diego whose defense sector got downsided after the US won Cold War and then pivoted to biotech. whilst at other end, the capacity (spare time, energy, etc) has been overly concentrated on Y-combo style accelerators which are incredibly raw in terms of intake ... ignorance can be fixed but stupidity is forever in asking Australians to follow a US model without a) appropriate capital formation b) shortage of high quality mentors and c) more tech follower adoption/adaption rather than originating/disruptive leader (in terms of technical risk .... asking for prototypes and traction before looksee). Let's compare with China, JackMa & AliBaba started off in a few apartments in Hangzhou, DJE was a kid (relatively speaking) that took the plunge to visit Shenzhen, Xiaomei started off doing shanzai manufacturing of short-run phones. They played to their strengths whereas IMHO australia emerging tech is not. The very fact of relative lack of capital means that they are customer & cashflow focused and due to cost structure wins the marathon race acquiring western tech along the way. -- -- 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 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 --- You received this message because you are subscribed to the Google Groups "Silicon Beach Australia" group. To unsubscribe from this group and stop receiving emails from it, send an email to silicon-beach-australia+unsubscr...@googlegroups.com. To view this discussion on the web visit https://groups.google.com/d/msgid/silicon-beach-australia/1be2c981-a8cd-411c-bf40-b2297eb37343%40googlegroups.com.
