The founder of one of Australia’s most valuable start-ups has called for superannuation funds to be required to invest in the flagging sector, even if it diminishes their returns.
Ben Thompson, the chief executive of $2 billion HR software company Employment Hero, said big superannuation funds should have to dedicate 1 per cent of their cash to start-ups.
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Nick Bonyhady is a technology writer for the Australian Financial Review, based in Sydney. He is a former technology editor, industrial relations and politics reporter at the Sydney Morning Herald and Age. Connect with Nick on Twitter. Email Nick at nick.bonyhady@afr.com
