Business
Why the big investment funds don’t support startup companies – The New Daily
Big super funds and investment houses have trillions of dollars to invest on behalf of Australians, but the money is not going to small startups.
Big superannuation funds and investment houses have trillions of dollars to invest on behalf of Australians, but the money is not going to startups.
That means Australia lacks innovative companies like Apple, Amazon and Google, which drive the US sharemarket and create jobs for a new generation of workers in the industries of tomorrow.
Getting the venture capital thing right is really important.
The chart below tells the story of companies that have come into existence through venture capital funding…
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