"By lacking sophistication, I mean a system of alternative capital (VC) that fully recognises Startups as a serious way to generate wealth"
That's definitely changing, e.g Innovation Bay, Startmate, the Sydney Angel Sidecar Fund, and others. VC/Angel investing is not at the same maturity as overseas yet, but it's definitely changing.
That's definitely changing, e.g Innovation Bay, Startmate, the Sydney Angel Sidecar Fund, and others. VC/Angel investing is not at the same maturity as overseas yet, but it's definitely changing.