I’m off to Cairns for a few days to schmooze at the Australian Venture Capital Association Annual Conference.
There is an article in the Business Review Weekly talking about early stage VC in Australia titled: Show Me The Money.
It starts with the line “Time is running out for the early stage venture capital sector to prove itself as a credible investment class.”
Funny situation in Australia – perhaps an anachronism, as the early stage sector in the Valley is going gangbusters again …hopefully this lag will improve downunder.
I’ll feed back my take on the situation from Cairns.