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I think that the tech "gold rush" is still in it's early stages. It's still hard to convince investors in Aus that new ideas are worth betting on, so copy-cats
by zemaj 15y ago
I think that the tech "gold rush" is still in it's early stages. It's still hard to convince investors in Aus that new ideas are worth betting on, so copy-cats with proven markets are currently leading the way.
However, on the ground here I don't just see the big guys. There a plenty of smaller bootstrapped companies that are genuinely innovative. I went to a startup expo at one of the uni's here last month and was completely blown away by the innovation of many of the smaller companies. If I had the money there's plenty I would be betting on.
"Just wait" is what I would say.
- asharp 15y agoI'd give you that. Our VC market is very good for farms and for mines and for not much else. It's changing, but slowly. Going to SV makes this so much easier, but it means that you have to basically expand out of Aus, which is harder said then done. Here's to hoping things get better in the future :)