Big Un fallout: There is a 'segment of trash' on the ASX, say VC funds
Updated
Large venture capital funds have hit out at the Australian Stock Exchange's relationship with technology companies in the wake of revelations about Big Un Limited and GetSwift.
Daniel Petre, one the country's best-known tech investors via his fund AirTree Ventures, said cases like Big Un, which has now been suspended from trading on the ASX, threaten to sully the achievements made by country's burgeoning tech sector.
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Alice Uribe writes on Financial Services and Insurance
Jonathan Shapiro writes about banking and finance, specialising in hedge funds, corporate debt, private equity and investment banking. He is based in Sydney. Connect with Jonathan on Twitter. Email Jonathan at jonathan.shapiro@afr.com
Brad Thompson writes across business and politics from Western Australia for The Australian Financial Review. Brad is based in our Perth bureau. Connect with Brad on Twitter. Email Brad at brad.thompson@afr.com
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