Monday 6 June 2011
Is the VC Market dying? "Start Up Smart"
A few years ago, the funding scenario for an innovative start-up was simple. Get a bank loan to get yourself started before turning to a grateful Australian-based VC who will help propel your business into the big time, in return for a juicy equity cut, of course.
However, this tried-and-tested formula is undergoing a radical shift. Declining VC activity in Australia, strong interest from US investors and the plummeting cost of setting up and establishing a business are bringing great opportunities, as well as uncertainties, to Aussie start-ups.
“Venture capital is broken in this country at the moment,” states Rowan Gilmore, CEO of the Australian Institute for Commercialisation.
View the full article at: Start Up Smart
