Tech wreck forces entrepreneurs to wash their own face
Australia’s best tech start-ups and founders know they will survive tougher market conditions, and don’t mind if some of the frothier companies fall by the wayside.
There’s a phrase software billionaire Richard White uses a lot when pressed to talk about the changing global funding conditions facing entrepreneurs: “You’ve got to be able to wash your own face.”
He was talking about his experiences building a $27 billion company from scratch, and repeated the maxim three times in a 25-minute appearance, landing it so expertly that Rory San Miguel, the co-founder and chief executive of drone data analytics software start-up Propeller Aero picked it up in a later session when White left the stage.
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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
