Having invested $900 million into venture capital so far, Hostplus CIO Sam Sicilia believes the fund is helping to build a prosperous future for Australia.
Venture capital investment into Australian startups grew 1.4 percent in 2017 to hit US$555.63 million ($698 million), though the number of deals fell from 185 in 2016 to 135.
We regularly read or get told stories of how start-up and emerging growth technology companies have found it difficult to deal with their lawyers. We hear how lawyers are un-commercial, hard to understand, just lining their own pockets or treating them as though they were a Fortune 500 company and charging accordingly.
With more start-ups coming to market quicker in Australia and many emerging growth tech companies flourishing, one of the big challenges for our technology entrepreneurs is to increase the conversion of local companies that close a VC Series A funding round.