Want to get a VC’s attention? Start thinking big, says Right Click Capital’s Benjamin Chong

Australia is one of the best places in the world to launch a startup, as long as you’re prepared to think globally, according to Right Click Capital partner Benjamin Chong.

Speaking on a Founder Institute webinar on how to grow the startup ecosystem in Australia, Chong, who is also managing director of the Founder Institute in Sydney, said there are more and more people starting their own businesses in Australia, and there is a lot of capital up for grabs.

Superannuation funds and other large institutional investors are starting to appreciate the value of investing in venture capital funds, he said, and there are plenty of “folks like us who have been entrusted to invest widely”.

At the same time, there’s a “proliferation of organisations … enabling those who have a dream to make it a reality”, Chong said.

According to data on the Australian investing landscape, crowdsourced by AirTree Ventures and publicly available for startups’ use, there are more than 150 VC funds in the country, and more than 90 accelerator programs. There are also industry-specific bodies such as FinTech Australia, and branches of global startup institutions such as the Founder Institute. Read more

Stephanie Palmer-Derrien - Startup Smart - 15 Nov 2018