Australian tech millionaire production line gathers pace
Nick Abrahams | Australian tech entrepreneurs used to shoot for a $20 million to $40 million exit and after that, it was Byron Bay time. But the stakes have changed – Australia is growing tech companies to massive valuations in timespans as short as those seen in Silicon Valley.
I spent Saturday night as the odd man out surrounded by the young and beautiful. This was a crowd who would not be out of place at the Ivy or even the Logies. But no, it was The Australian Startup Awards – a group of early-stage technology companies brought to fever pitch by uber-disruptor Ruslan Kogan who gave a rousing speech in favour of the pursuit of profits and success. They are right to be enthusiastic. The opportunity has never been bigger. The first half of this year has delivered great riches to Australian tech entrepreneurs. Here are the hot spots.
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Nick Abrahams is the global co-leader of the digital transformation practice at Norton Rose Fulbright. He also hosts the popular Web3: From Mystery to Mainstreet podcast, about businesses embracing crypto, NFTs and the metaverse.
