Australian venture capital firms missed opportunities to invest in fast growing software, gaming and ecommerce businesses that have since attracted later-stage investment from US firms, says Sydney-based venture capitalist Rick Baker, a managing director at Blackbird Ventures.
“We’re trying to bring US VC firms earlier than before to the seed capital stage or just after that,” Mr Baker told Data Room in an interview. “These US firms offer advice on how to grow the company and team very quickly as well as processes to manage such growth.”
