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Presentation by Aussie start-up guru and Fishburners Co-Founder Peter Davison at the 66 Meet-Ups Launch on 6 June 2012 in Darlinghurst, Sydney
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Peter DavisonInvestor, mentor, PhD student, Dude
Kevin Hartz
Peter Thiel
So what’s all this startup hype about in Sydney?
YCombinator Exit Valuations
Median : $8M
Mode: $2M
22% were over $20M
5% were $50M or under
Only 10% have exited
Acquisitions of Australian companies in the last two years
Exit price Acquired byLiving Social $40M Firemint Electronic ArtsChomp $50M Trunk.ly Delicious.comKidspot $50M Book.ish OverdriveSpreets $40M Topguest ezRez
Grabble Walmart
Just how bad are we at Venture Capital in Australia?
Jayride.com
So is this the birth of a new Silicon Valley?
Tech Hub Formation=
Oversupply of tech development skills +
Local support from very successful startups+
Links to major tech hubs+
Vibrant venture capital scene
So then, what IS all the hype about?
A New Industrial Revolution
Crowdsourcing!
So how can you get involved?
A Community VC Fund
• People selected on ability, skills, and networking. NOT on ideas
• Crowdsource new ideas• Form startups collaboratively• Focus on what the acquirers are looking
for• Collaborators share in the fund itself
Express your interest at freesettlers.org