@MoiraWere@joshgarratt It suggests a very blinkered view about how venture capital works. The state focus requirement is usually about "creating jobs in our state". But the economic benefit of more jobs is dwarved by the potential return on investment as a shareholder of a successful 100x startup...
@MoiraWere@joshgarratt ...of course that return doesn't land until long after the term of that state government has ended, so the politicians aren't actually interested in economic return so much as announceables about jobs...
Mar 11, 2021 • 5 tweets • 1 min read
On one hand, in an epically shit week for gender equality in Australia, it's great to see LaunchVic announce a $10M sidecar fund for women-led early-stage startups...
On the other hand, it kills me when a gov fail to grasp that sidecar funds can act to reinforce the impact of existing unconscious biases. You just get more capital going into the rare women-led startup getting VC, you don't get more women-led startups raising.
Jul 5, 2018 • 16 tweets • 6 min read
@QuantumGeology Actually DeLorean was pretty much a ‘70s automotive industry version of an archetypical tech startup founder in many respects. Responsible for some of the most iconic American cars made by GM and for the first ‘muscle car’...
@QuantumGeology He was forced out of GM for not doing what he was told (because what he was told was to stay in his place, obey the company line and not outshine others). He started DeLorean to make the cars GM should have been making...
