Depressing: Sydney doesn't even make the top 50 list of cities when it comes to venture capital investment. Better off in Austin, Vancouver or Montreal startupsusa.org/global-startup
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Australia has never had a "Startup culture" and never will.
It's not in the Aussie national DNA, and our location means that anyone thus inclined will move overseas by necessity
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What? the New Zealand idea, that was designed in Australia, and commercialised overseas?
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I left off the /s
But in seriousness, why does location matter so much? Proximity to venture capital or existing networks?
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* Proximity to markets
* Timezone issues
* Proximity to "networks" of people
* local incentives and support (Aussie govts are all talk and VERY risk averse)
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* High cost / low quality local telcoms infrastructure
* High cost of things like data centre space
Just a whole heap of factors.
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Hasn't been fixed in the last 200 years, and some of it CAN'T be fixed, it's just a function of where we are located in the world.