From a childhood that was “pretty tough” in parts, Dom Pym founded 22 companies including neobank Up, which he sold for $116 million. Now he wants to elevate Australia’s venture ecosystem.
Dom Pym has founded more than 22 companies, but you probably only know him as the guy who built neobank Up. Nicole Reed
Ask any money manager what they think of Dom Pym’s 80 per cent asset allocation to risky start-ups and venture capital, and they’d tell you he’s crazy.
The founder of neobank Up and 22 other businesses knows this, but he’s on a mission to nurture a “start-up movement that’s going to build the future of Australia” – albeit with a big potential payday.
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Original URL: https://www.afr.com/wealth/people/why-this-founder-is-investing-70m-in-start-ups-20240808-p5k0q9