News & Analysis

Telstra’s investment boss is worried startup funding valuations are the top of the market as VC competition pushes them too high

- July 29, 2019 < 1 MIN READ

Record amounts of capital are flowing into the Australian startup sector, but competition between venture capital (VC) firms keen to back a winner are pushing valuations beyond potential returns at an exit, the boss of Telstra Ventures believes. Matthew Koertge, co-managing director of the $735 million fund, told the AFR Telstra Ventures had walked away… Read more »