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Mark Di Stefano

Mike Cannon-Brookes’ super rocket crashes to Earth

Mark Di StefanoColumnist

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Industry protestations aside, most of the press is nothing if not extraordinarily generous to feel-good start-ups and their messianic backers.

How else could you interpret the headlines late last week that Spaceship, the Millennial investor app backed by Mike Cannon-Brookes, had finally pulled off an exit, getting acquired by Europe’s eToro in “an $80 million deal”.

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Mark Di Stefano is Rear Window columnist, based in the Sydney newsroom. He previously worked at BuzzFeed, the Financial Times and The Information before joining the Financial Review as a media and tech correspondent. Connect with Mark on Twitter. Email Mark at mark.distefano@afr.com

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    Original URL: https://www.afr.com/rear-window/mike-cannon-brookes-super-rocket-crashes-to-earth-20240930-p5kemu