Australia’s tech unicorns are defying the global odds
Australia remains one of the most capital-efficient producers of ‘unicorns.’ As the tech world continues to struggle, we have the emergence of a ‘post correction’ herd.
The technology industry has been under intense scrutiny for the past 18 months since historically low interest rates came to an end.
The NASDAQ Composite fell 36 per cent to a bottom of 10,213 in October last year, and if you took out the so-called “Big 7” tech companies, the results for the rest of the industry looked much worse.
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John Henderson is a partner at AirTree Ventures, where he runs its web3 fund among other investments. Connect with John on Twitter.
