Tuesday 15 November
Monday, November 14, 2011/
Australian start-ups seeking funding would be forgiven for casting envious glances over to the US where, despite ongoing economic woes, investors haven’t stopped doling out the cash.
The figures are stark. In the last financial year, Australian venture capitalists invested $120.6 million in 76 companies. By contrast, American VCs forked out $8.4 billion in the third quarter of this year alone.
Of course, the US is the world’s leading start-up market, with a population, funds and legacy that dwarfs Australia.
But is there also a key cultural difference at play too? Do US investors take risks that Aussies shy away from, to the detriment of local start-ups?
Today, we speak to some key industry players to take the temperature of Australia’s VC market, as well as provide some handy tips on how to prise money out of sceptical investors.
Be honest about your situation: How vulnerability helps businesses thrive Sue Parker DARE Group founder
Own it: The 10 things you need to do to manage your personal brand Lisa Stephenson Who Am I Projects founder
Six invaluable lessons: What 20 years in aged care taught me about being an entrepreneur Natasha Chadwick NewDirection Care founder
An entrepreneurial superpower: Eight tips to help develop resilience Adala Bolto ZADI Training co-founder
Going through a lull? Five areas you should invest in when sales drop Tamara Alaveras and Sonia Majkic 3 Phase Marketing co-founders
Stop telling us how busy you are, it's boring and charmless Ian Whitworth Scene Change co-founder
Blandification™ and the state of modern branding Jeffrey Oley The Offices co-founder
Why you should find the right role for the right person — not the other way around Bruce Stronge Outfit founder