Peter DavisonInvestor, mentor, PhD student, Dude

peter@freesettlers.org

Kevin Hartz

Peter Thiel

So what’s all this startup hype about in Sydney?

YCombinator Exit Valuations

Median : $8M

Mode: $2M

22% were over $20M

5% were $50M or under

Only 10% have exited

Acquisitions of Australian companies in the last two years

Exit price Acquired byLiving Social $40M Firemint Electronic ArtsChomp $50M Trunk.ly Delicious.comKidspot $50M Book.ish OverdriveSpreets $40M Topguest ezRez

Grabble Walmart

Just how bad are we at Venture Capital in Australia?

Jayride.com

So is this the birth of a new Silicon Valley?

Tech Hub Formation=

Oversupply of tech development skills +

Local support from very successful startups+

Links to major tech hubs+

Vibrant venture capital scene

So then, what IS all the hype about?

A New Industrial Revolution

Crowdsourcing!

So how can you get involved?

A Community VC Fund

• People selected on ability, skills, and networking. NOT on ideas

• Crowdsource new ideas• Form startups collaboratively• Focus on what the acquirers are looking

for• Collaborators share in the fund itself

Express your interest at freesettlers.org