A study in contrasts

I’m up to my eyeballs in content for a special report we’re producing for the Fin on Tuesday (make sure you go buy a copy!).

Anyway, I just came across this article in Red Herring It’s from back in April, but it does a great job of articulating where we are as a country and technology industry in comparison to our friends over the other side of the Pacific Ocean.

Australia’s economy is booming, its IPO market is surging, and there has never been more money available for private equity. Things look good—unless you’re in early-stage IT or biotech.

While the United States is shaking off its post-boom wounds and carefully heading back to early-stage investment, Australia is a case study in caution, clinging to latter-stage investments and corporate buyouts. Yet new Silicon Valley friends may help to convince early-stage investors to enter the market.