Seasoned technology investors and founders have warned entrepreneurs they are “delusional” after a new study found most were confident of raising fresh capital this year at a higher valuation, despite market data suggesting otherwise.
The study from law firm Herbert Smith Freehills, which claims to advise on more venture capital transactions for more clients than any other Australian law firm, is the second annual poll it has taken of founders, and found them optimistic, despite fundraising challenges.
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Paul 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
