Paul Bassat and Justin Liberman are trend setters – a perfect example of the marriage of Melbourne’s old money and new. Bassat, along with brother Andrew, created recruitment company Seek, now a $2.4 billion market behemoth, while Liberman is the son of Boris, the patriarch of the famous – and extremely reclusive – second-richest family in the land, with an estimated fortune of $2.2 billion.

Instead of heading down the traditional investment path, Liberman joined Bassat earlier in 2012 and put tens of millions into Square Peg Ventures, a backer of early-stage technology companies.