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I think the same attitude exists in Australia. Lots of people start small businesses, but the actual startup scene is very small. People who do go out on their
by tjmc 14y ago
I think the same attitude exists in Australia. Lots of people start small businesses, but the actual startup scene is very small. People who do go out on their own tend to stick to established business models. Nothing wrong with that I suppose but it inevitably leads to less innovation. The other factor here is the almost total absence of VC funding. Startup culture needs a critical mass of entrepreneurs and money.
[edit] - the other big issue in Australia is there's less social tolerance for businesses failing.
- demallien 14y agoWell, there's also the minor detail that the Australian market is small, and transport to other markets is expensive... But you're dead right about the social tolerance aspect. My younger brother started a car detailing company - OK, it's not innovative or anything, but he was really looked down upon by the wives of some of his friends...