VCs say ‘the stupid is over’ when it comes to backing Australian startups

Quick Summary:

Speaking at the Melbourne Startup Bootcamp at Bay City Labs yesterday, Skalata Ventures cofounder and CEO Rohan Workman called out the ridiculous funding rounds that had given startup founders unrealistic expectations.

Stupid money’ is out and smart investors are looking for opportunities in the Australian startup scene, say leading venture capital partners.

‘Stupid money’ is out and smart investors are looking for opportunities in the Australian startup scene, say leading venture capital partners.

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Article Details

Author / Journalist: Paul Wallbank

Category: StartupsBusiness

Markets: Australia

Topics: Venture Capital Funding Information Age Contributor post

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2023-01-19 @ 05:51:05 (2 months ago)

News Timezone: GMT +10:00

News Source URL: startupdaily.net

Language: English

Article Length: 772 words

Reading Time: 5 minutes read

Sentences: 22 lines

Sentence Length: 36 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Startup Daily

News ID: 4789280

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Official Website: startupdaily.net

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