Live data from Hacker News

Australia ranked 61/63 countries for entrepreneurship

ceda.com.au

41–50 of 85 posts

Re: Australia ranked 61/63 countries for entrepreneurship

#41

A 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…

[deleted]

Re: Australia ranked 61/63 countries for entrepreneurship

#42

A 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…

No post body was provided.

Re: Australia ranked 61/63 countries for entrepreneurship

#43
Australia doesn't have entrepreneurship because historically there has been almost risk free return from real estate investment. Also corporates here have no preference to higher degrees or MBAs, experience trumps education as a general rule. Due to small population and market you can't grow a SaaS business here.

But I don't agree to “Australian companies are far less digitally advanced than their global competitors ". Compared to India where I know the ground reality and what I read for US/Japan/Germany we are well ahead here. I can buy $1m property sitting at home online completely paperless, I can pay tax online, open bank account online.

Australians are digital savvy. Almost 60% of mobile users here have an Apple iPhone. Big corporate bring features in their apps to iPhones first due to the market share but also because iPhone users spends more. We love using digital services, except perhaps the pensioner cohort.

Re: Australia ranked 61/63 countries for entrepreneurship

#44
post #6

Australians: Do you think it’s cultural, economic, or policy?

Something nobody has so far is the resource curse [1]. If you compare life in countries with and without this feature you can really feel the difference; it's like a black hole that distorts the reward curve in innumerable ways. (For example, mining projects are typically huge and need lots of workers at certain skill bands, and present an easy target for government attention, which has flow-on cultural effects, etc)

[1] https://en.wikipedia.org/wiki/Resource_curse

Re: Australia ranked 61/63 countries for entrepreneurship

#45

A 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…

I feel this is a little bit facetious. We literally just had an election which, I think, reaffirmed how much climate matters to the average Australian, and how many people want economic security that doesn't involve digging shit out of the ground and putting it on a boat.

I will agree though that entrepreneurship does not rate highly for most people. Most just want a 9-5 they can forget about when they go home. "Hustle" culture is slowly weaseling it's way in, but it's not entrenched yet.

Re: Australia ranked 61/63 countries for entrepreneurship

#46

A 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…

You forgot "The Boats" from the super important stuff list.

Re: Australia ranked 61/63 countries for entrepreneurship

#47
post #41

A 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…

[deleted]

[deleted]

Re: Australia ranked 61/63 countries for entrepreneurship

#48

A 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…

> other people's financial position

IMO this is pretty much top of the priorities in Sydney. How much money someone is perceived to have is usually intertwined into their description along with where they live and how much money their parents have.

Re: Australia ranked 61/63 countries for entrepreneurship

#49

A 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…

I feel this is a little bit facetious. We literally just had an election which, I think, reaffirmed how much climate matters to the average Australian, and how many people want economic security that doesn't involve digging shit out of the ground and putting it on a boat. I will agree though that entrepreneurship does not rate highly for most people. Most just want a 9-5 they can forget about when they go home. "Hust…

In Australia an election outcome is ultimately binary.

You can't draw a single conclusion about why you ended up with a 0 or 1, based on the hundreds of issues that swirl around at election time.

Unless you want to of course, in which case yes you can read a win or a loss as a clear message on one of the election issues.

Re: Australia ranked 61/63 countries for entrepreneurship

#50
post #6

Australians: Do you think it’s cultural, economic, or policy?

Specifically for tech entrepreneurship, the E-3 visa (to the US) is really easy to get because we never exhaust our quota, US capital markets have been much more willing to hand out cash, and there's a long tradition of any vaguely successful Australian tech startup moving overseas.
Post reply on HN