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Two of the nation’s most seasoned and respected technology investors have delivered a wake-up call to the local sector, warning that the growing number of firms nurturing start-ups must produce quality companies that generate strong revenues and employment.

Daniel Petre and Craig Blair, who together have built almost 25 technology businesses over the past 15 years, said they were excited by the prospect of more than $1 billion in venture capital being raised this year by funds looking to invest in local and international start-ups.

Image: http://www.theaustralian.com.au