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Re:Australia hasn't had a recession for over 25 years by jacques_chester on Friday March 31, 2017 @07:22AM (#14002693)
I think the lack of venture is more complex than that; a mix of culture and regulation.

There are only 23 million odd Australians, but there is well north of $2 trillion AUD in our superannuation accounts.

Assuming they applied 0.5% of that towards VC, you'd be looking at $10bn AUD of available capital. At least one order of magnitude more than is currently present.

Also, last I checked, stock-based comp in Australia is tax-disadvantageous. I can't recall if it was FBT or something else.

Re:Australia hasn't had a recession for over 25 years by daemin on Friday March 31, 2017 @08:47AM (#14003116)
I think the current government was looking into that at some point, but I don't know what happened with that.

I remember when I worked at a startup the choice when I got stock options was - pay the tax up front based on the current strike price value - or pay a higher tax when you exercise them and make a profit. If you take the first choice then you'll need to do a lot of paper work to get that money back should the company fail.

Re:Australia hasn't had a recession for over 25 years by glenngillen on Friday March 31, 2017 @07:47AM (#14002800)
I'd say that from a pure opportunity cost perspective the performance of property & mining alone is justification for the lack of VC in Australia.

If simple well understood businesses (dig up rocks or buy land and build) can return > 10% YoY, why would any intelligent investor poor money into an asset class that has underperformed that in the same period?

Re:Australia hasn't had a recession for over 25 years by jacques_chester on Friday March 31, 2017 @09:40PM (#14009885)
Yet the VC lifecycle is very much like the mining lifecycle.

Exploration, drilling, construction, exploitation. The early stages cost millions and often lead to failure, with the occasional profitable case and rare super-profitable discoveries. Scaling up costs major capital, after which, prices allowing, a mine can be a cash cow.