In Australia’s start-up tech sector, the divide between the weak and the strong is growing. There is an increasing number of “zombie” companies staggering along, hoping their stronger peers can bring them back to life, or at least survive the tech winter, according to industry insiders.
The previously buoyant tech scene has been buffeted over the past 18 months as venture capital investors’ wallets have snapped shut, US banks have crumbled, and the tally of collapsed companies has started to rack up.
Paul SmithTechnology editorPaul Smith edits the technology coverage and has been a leading writer on the sector for 20 years. He covers big tech, business use of tech, the fast-growing Australian tech industry and start-ups, telecommunications and national innovation policy. Connect with Paul on Twitter. Email Paul at psmith@afr.com
