what does it actually mean?
Australia ranked 61/63 countries for entrepreneurship
31–40 of 85 posts
Re: Australia ranked 61/63 countries for entrepreneurship
#32A short education about what matters in Australia, for those who don't live here
* me
* my money
* my house must keep going up in value
* selling mineral resources to other countries
* selling energy resources to other countries
* selling residential real estate to other countries
* selling agricultural land and farms to other countries
* other stuff
Things that matter, but not much, or not at all:
* environment
* other people's financial position
* Australian sovereignty (huh... what's that mean?)
* the countries around us
* Our defence
Things that governments really don't think are serious at all, but they will pretend to think they are important:
* Technology
* Broadband
* Startups
* Entrepreneurship
Re: Australia ranked 61/63 countries for entrepreneurship
#33Australians: Do you think it’s cultural, economic, or policy?
Australia is very much what I imagine the US was like when there was a strong "middle class". Middle class living is fairly attainable here and it's REALLY comfortable. The train/rail/bus system gets you to beaches and national parks. Even with fairly low grant-funded salaries we can afford to dine out, even though it's fairly expensive, bc we don't have car and other expenses we had in the US. It's a lot like Canadi…
> The train/rail/bus system gets you to beaches and national parks.
This is very much a capital-city-centric view, and maybe a few larger cities adjacent to the capitals.
Live much outside of the cities, and your ability to get anywhere with PT drops off rapidly.
Re: Australia ranked 61/63 countries for entrepreneurship
#34A short education about what matters in Australia, for those who don't live here * me * my money * my house must keep going up in value * selling mineral resources to other countries * selling energy resources to other countries * selling residential real estate to other countries * selling agricultural land and farms to other countries * other stuff Things that matter, but not much, or not at all: * environment * ot…
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Re: Australia ranked 61/63 countries for entrepreneurship
#35Recently having moved to Sydney from the US to do startup stuff (working on a clinical trial here), it's definitely got a "home town" feel compared to the US. I really like the feel though — everyone in the VC world here seems to know and support each other; haven't seen that much politics and infighting yet. However, the science / grant world here is pretty crazy, as one professor put it "In Australia everyone loves…
> everyone in the VC world here seems to know and support each other; haven't seen that much politics and infighting yet
You can follow them all on Twitter so it's pretty easy to see that they do know and support each other. Not that surprising when majority of VCs are based in Sydney/Melbourne and the likelihood of co-investing is high.
The problem with that is you end up with a hive-mind, consensus-driven, conservative attitude towards investment. So even at the seed stage you end up needing solid traction, high quality team and some incredible metrics compared to investors in other countries.
And worst of all they love nothing more than startups who copy US ideas e.g. 15 min food delivery and try to apply it here. So you do see profitable startups but often are uninspiring and insipid.
Re: Australia ranked 61/63 countries for entrepreneurship
#36Earlier quoted context omitted.
Almost 95% of Sydney has fiber thanks to the NBN? (FTTN or better)
I wouldn’t describe FTTN (or FTTC) as providing fibre services to customers FTTP services are increasing but still limited
The names literally describe what they do. They are providing fibre to the node or to the curb.
For most people this is a massive reduction in the amount of faulty, old, poorly maintained copper that is being replaced:
https://delimiter.com.au/2012/05/01/worst-of-the-worst-photo...
Re: Australia ranked 61/63 countries for entrepreneurship
#37Australians: Do you think it’s cultural, economic, or policy?
Australians are insanely housing obsessed. It was the only way people made money for a long long time. Even worse, if you missed out on buying a property then you're considered to be doomed to poverty as rents get ever more crippling. What little entrepreneurship is left is actually funded by property winfalls. With rate rises it'll all go to hell. I don't think Australians know what they're in for.
Re: Australia ranked 61/63 countries for entrepreneurship
#38Earlier quoted context omitted.
Australia is very much what I imagine the US was like when there was a strong "middle class". Middle class living is fairly attainable here and it's REALLY comfortable. The train/rail/bus system gets you to beaches and national parks. Even with fairly low grant-funded salaries we can afford to dine out, even though it's fairly expensive, bc we don't have car and other expenses we had in the US. It's a lot like Canadi…
> Middle class living is fairly attainable here and it's REALLY comfortable. That is not going to last very long. High interest rates will pop the Japanese style property bubble.
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Re: Australia ranked 61/63 countries for entrepreneurship
#39Australians: Do you think it’s cultural, economic, or policy?
Personally a big factor has been cost of living. Housing prices are out of control in Australia, especially eastern capital cities, and servicing mortgage/rent without a stable salary requires a lot of planning without a grant. The result is that unless you are able to acquire funding, you result to trying to getting something built outside of your job, which is much more difficult to pull off successfully with the l…
Australia's population has always been concentrated around the capital cities with good services and reasonable facilities. Rural centres have been growing, but due to reduced services, remoteness and in some cases climatic issues have not been attractive as homes for businesses that are not based on the surrounding industry.
In the capitals the cost of housing in inner suburbs (say 1 hour commute) have increased by an order of magnitude or more over the last 20 years with the ability to develop new outer suburbs reaching the limits of geographical constraints and commute distance.
With the growth in remote work and working from home, I think we're starting to see a housing boom in the more remote centres as people sell up in the big cities and go bush... Unfortunately this is then leaving the remote locals being unable to afford accommodation. The entire housing market is ripe for disruption, especially if we don't want to see a lot of younger people living out of the back of cars or vans.
Re: Australia ranked 61/63 countries for entrepreneurship
#40There are various issues but as others have mentioned tall poppy syndrome is a big factor in Australia that prevents people from trying. Outside of a very small group of tech/VC people, friends/family/associates will be lining up to watch you fail. Unlike the US, failure is not a commendable outcome so there is increased social risk. This also translates to lower job prospects if you try to get back into the market after a startup failure.