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How Afterpay and Whispir led tech out of the wilderness
Australian tech companies have had a breakout year despite, or perhaps because of, the toughest economic conditions in decades. Adapting to the in disruption is key.
Paul Bassat says the tech sector has come a long way in eight years. Wayne Taylor
C
apital raisings totalling more than $500 million during the pandemic, the share prices of companies like Afterpay and Whispir soaring 170 per cent and the growth of a second cycle of investment, with tech entrepreneurs investing their wealth into new start-ups, tell the story of how Australia's technology sector transformed what had been written off by many industry sectors as an annus horribilis into a stellar one.
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