Hear Ye! Since 1998.
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Jul 00

The Internet Industry in Australia

Orphans of the Cyberage“. It’s an article in the SMH on why Australia has no really prominent Internet companies (that grew from startups this decade). Primarily it was the result of lack of VC and investor interest, and also a misdirected allocation of resources to multimedia (“Australia’s love affair with multimedia and CD-ROMs probably cost it any chance of catching the first waves of Internet surfing, says TVP’s Aaron.”) Reminds me of a when the CSIRO decided to research weather forecasting in favour of computers midway through last century. It’s a pity, because Australia really has the talent and skills – just not the right business environment.