21–30 of 92 posts
I often get asked why I chose to incorporate in the U.S and take investor money from U.S based investors and not from Australians. This is article explains why.
There is a lot of talk in Australia but very little action - a lot of people calling themselves Angels, VC's, incubators etc. without actually funding any companies, or any decent companies.
Earlier quoted context omitted.
I really hope that sanity will prevail there when they get in (but by Abbot and Turnbul's comments, it may not be likely)... I mean, a big part of their plan is to not do anything in areas that have HFC currently, even though that cable is so over-subscribed that you don't get decent speeds in peak hour, and many apartment blocks just don't have access to it. So under the Coalition's plan, most people won't get even…
Could you please explain how NBN will pay for itself? Not to mention, NBN Corp. will not be any different monopoly from Telstra Wholesale. And regarding speeds, how is NBN going to solve that? Australia doesn't even have enough international throughput in the current network. NBN will make speeds even worst as the demand will only increase. The bottleneck here is not copper, it is international capacity. What's the p…
The copper situation is ok in inner city areas (except some buildings where the wiring is corroded, or the two wires split to different lines which increases noise/slows the connection), but ADSL speeds also depend on distance. Many areas can't even get into an exchange because they're full, and when you do if you're too far away from it your speeds will be quite horrible.
Not to mention upload speeds, NBN would make it possible to send virtual images, giant movie files, HD video and other big chunks of data person to person, rather than this many to one subscriber download model we kind of have at the moment.
Earlier quoted context omitted.
I really hope that sanity will prevail there when they get in (but by Abbot and Turnbul's comments, it may not be likely)... I mean, a big part of their plan is to not do anything in areas that have HFC currently, even though that cable is so over-subscribed that you don't get decent speeds in peak hour, and many apartment blocks just don't have access to it. So under the Coalition's plan, most people won't get even…
Could you please explain how NBN will pay for itself? Not to mention, NBN Corp. will not be any different monopoly from Telstra Wholesale. And regarding speeds, how is NBN going to solve that? Australia doesn't even have enough international throughput in the current network. NBN will make speeds even worst as the demand will only increase. The bottleneck here is not copper, it is international capacity. What's the p…
NBNCo gets a cut of the customer's payment to the ISPs for their Voice & Data Service.
> Not to mention, NBN Corp. will not be any different monopoly from Telstra Wholesale.
I believe NBNCo aren't allowed to sell services directly to the consumer.
> And regarding speeds, how is NBN going to solve that? Australia doesn't even have enough international throughput in the current network. NBN will make speeds even worst as the demand will only increase. The bottleneck here is not copper, it is international capacity. What's the point of replacing copper if the weakest link of the network remains.
There is plenty of competition in this area (http://en.wikipedia.org/wiki/Telecommunications_in_Australia...). Capacity has increased, reducing international traffic costs for local ISPs (and hence, the consumer).
Earlier quoted context omitted.
I really hope that sanity will prevail there when they get in (but by Abbot and Turnbul's comments, it may not be likely)... I mean, a big part of their plan is to not do anything in areas that have HFC currently, even though that cable is so over-subscribed that you don't get decent speeds in peak hour, and many apartment blocks just don't have access to it. So under the Coalition's plan, most people won't get even…
Could you please explain how NBN will pay for itself? Not to mention, NBN Corp. will not be any different monopoly from Telstra Wholesale. And regarding speeds, how is NBN going to solve that? Australia doesn't even have enough international throughput in the current network. NBN will make speeds even worst as the demand will only increase. The bottleneck here is not copper, it is international capacity. What's the p…
Yes, it is still a monopoly, but what would you rather have - a fast network that reaches the whole population with open access to providers, or the Coalition granting Telstra and Optus some more money to upgrade parts of the network that they don't want to let other carriers access because they are competing with them in the retail space?
I think we do need to put in more overseas cables, but that's no reason to delay upgrading our local network. Anyone who can't see that bandwidth requirements are rapidly increasing to the point where we'll inevitably need a fibre network is delusional (or doesn't know much about technology). It just seems such a waste to spend billions to put in another system that is not sufficient in the long term, and nowhere near as upgradable as fibre, that will have to be ripped up...
This article is absolutely spot on. I often get asked why I chose to incorporate in the U.S and take investor money from U.S based investors and not from Australians. This is article explains why. There is a lot of talk in Australia but very little action - a lot of people calling themselves Angels, VC's, incubators etc. without actually funding any companies, or any decent companies.
The problem is that we lack a lot in both areas. Chicken/Egg.
Earlier quoted context omitted.
Could you please explain how NBN will pay for itself? Not to mention, NBN Corp. will not be any different monopoly from Telstra Wholesale. And regarding speeds, how is NBN going to solve that? Australia doesn't even have enough international throughput in the current network. NBN will make speeds even worst as the demand will only increase. The bottleneck here is not copper, it is international capacity. What's the p…
NBN Corp would become a monopoly like Telstra wholesale (and I hope they don't sell it, just outsource the operation), but at least it would split Telstra wholesale and retail. There was some seriously strange things going on there, like when the retail price goes below the wholesale price and the fine is nothing compared to the dollars lost by competitors. The copper situation is ok in inner city areas (except some…
Exchanges in some areas are full because nobody wants to invest into building new capacity since government has volunteered $50bn to make it all redundant. The problem has been created by government by announcing NBN in the first place.
I'm still not convinced. How is ability of users being able to send each other high-resolution images, HD video etc. going to be worth $50bn+ to economy?
The reason why upstream is so slow is because there is hardly any demand for it. Some ISPs will double your upstream on ADSL2 by reducing your downstream speeds. Hardly anyone is interested.
This article is absolutely spot on. I often get asked why I chose to incorporate in the U.S and take investor money from U.S based investors and not from Australians. This is article explains why. There is a lot of talk in Australia but very little action - a lot of people calling themselves Angels, VC's, incubators etc. without actually funding any companies, or any decent companies.
You need money in the system to fund quality startups. But you need quality startups to get money in the first place. The problem is that we lack a lot in both areas. Chicken/Egg.
Lack of enrollment in IT and entrepreneurship is a symptom of the culture, really. You've got tall poppy syndrome combined with protectionism that makes shooting for the easy low-risk stuff desirable... trades pay insanely well due to strong unions and tight immigration policy, for example.
Lack of enrollment in IT and entrepreneurship is a symptom of the culture, really. You've got tall poppy syndrome combined with protectionism that makes shooting for the easy low-risk stuff desirable... trades pay insanely well due to strong unions and tight immigration policy, for example.
Are you saying trades paying well is a bad thing? I'd argue that's a great thing for entrepreneurs who are willing to take risks because then you have strong, cash-rich people who can stimulate demand in the economy.
The USA is a bit overboard on under paying. Minimum wage needs to go up + tied to cpi + fix health care to find a happier medium and build out a strong middle class. This might be our personal style though, but I think its gotten out of hand. I don't want to be Australia.
I think Australia has gone a bit far and the USA not far enough. Somewhere in between is a sweet zone.