September 6, 2010
For years it’s been an open secret – young entrepreneurs and tech-savvy folks who work for the big Silicon Valley conglomerates have been living in San Francisco while commuting to Silicon Valley. After all, does anyone really relocate to northern California to live in Mountain View?
Now it appears that many of these people also did not move to the Bay Area to commute. They’ve started companies in San Francisco proper – not 30 or 40 miles south on the 101 freeway in Palo Alto or San Jose, traditional epicenters of what’s typically considered Silicon Valley.
According to the San Francisco Sunday Examiner, San Francisco has been “beating out South Bay cities for venture capital, boosting key sectors and creating a hotbed of growing firms.” Software companies, social media, gaming, green tech and biotech are leading the pack of industry sectors attracting the VC dollars.
Good news for the entire innovative tech industry in the Bay Area (which includes Silicon Valley and San Francisco): “investors poured nearly $3 billion into Bay Area companies in the past three months – a 100 percent increase from the first quarter.” More than $283 million went to companies located in San Francisco. (Read more)
August 17, 2010
The Advance Lounge Chair Series in Los Angeles last week featured a panel of Australians with experience on building a brand in the US. Some great first-hand tips for Australian entrepreneurs considering the US market.
For more videos from Advance, please click here.
August 15, 2010
Tech23 is a celebration of innovation, bringing together innovative Australian ICT companies with industry leaders, media and 400+ attendees to support ICT growth and discover what innovations are just around the corner!
This second annual event will be held in Sydney, Thursday, 19 August at The Auditorium, 37 Reservoir Street, Surry Hills, NSW. The event will feature 23 of Australia’s hottest companies across multiple tech platforms, including: robotics, mobile, digital, green, software and enterprise technologies.
Companies will present to panels of experts including Roger Allen; Scott Farquhar, co-founder & CEO, Atlassian who just received over $60million from US VC; Martin Hosking, Chairman of Aconex and one of the founders of Looksmart; Ryan Junee who sold his company Omnisio to Google; Deepak Natarajan, Managing Director, Intel Capital and many more.
The event runs from 9-5.30pm and is followed by an Awards Presentation Event – 5.45-7.30pm.
Register here: www.tech23.com.au
ANZA Tech Members can attend for $150 (+gst) for both the Tech23 2010 event and the Awards Presentation Event. Register here.
August 10, 2010
Guest post by Elias Bizannes, chairman of the DataPortability Project and a promoter of Australian technology through Silicon Beach
Last year I took a position with Vast.com in San Francisco. As a passionate supporter of Australian technology and its place on the global stage, I’ve also come to the realization that we can’t begin to conquer the world from Australia. We need to take advantage of the open door policy Silicon Valley affords Australian entrepreneurs. Why? Let’s start with the talent concentration. Two examples to illustrate:
1) Language: In Silicon Valley people operate on a different level. It is the technology capital of the world and the people here live and breathe tech – 24/7. They talk about run rates and burn in a way that demonstrates the way they innately know the industry average, like how people know the weather during different times of the year.
2) It’s a magnet: The Valley draws from around the world a certain personality type. The Aussies who come here are no exception. The Bay Area has one of the highest concentrations of university graduates in America, and the world. The people are smart here, they are competitive and they are hungry. Immersing yourself in this culture, simply through osmosis you start evolving your own abilities. Within a short time, you find yourself talking about how to start a business to talking about building a billion dollar business.
A year later, I’m more convinced than ever that the best way we are going to move Australia forward into having its own Silicon Valley-like ecosystem is by having our best brightest people move here for a few years. After a generation, we’ll have the talent concentration we talk about in Australia. And the Americans won’t mind how much we’ve borrowed from them.
August 5, 2010
We’re excited to be bringing the Guidewire Group’s exclusive startup assessment tool – the G/Score – to Australia for the first time this month as part of ANZA’s Gateway to the US introductory workshops in Australian capital cities, 23 August – 1 September.
Developed by leading global startup advisory firm, Guidewire Group, the G/Score assesses a startup’s progress in seven critical business activities. The G/Score has been used in Europe, Asia and the US – but not Australia. The ANZA workshops mark the G/Score’s debut Down Under, and Guidewire Group CEO Chris Shipley will personally score each workshop participating company. Space in the workshops is limited to just 80 Australian companies ready to explore US business opportunities as part of the ANZA Gateway to the US program.
The G/Score combines the expertise of Shipley and her Guidewire Group team, who have assessed over 20,000 startups worldwide in the last 20 years. Companies deliver a 5-minute presentation, and the G/Score is applied to rate the company on commercial viability, execution, team and business model.
“The G/Score benefits startups because it’s a transparent analysis that focuses on achievement and execution and prescribes a path forward to business performance. Partners and investors trust the unbiased methodology to shorten the upfront analysis and decision-making and accelerate time to engagement. Most importantly, it provides startups with actionable, unbiased feedback about their strengths and opportunities,” said Shipley. (Read more)
August 3, 2010
USA Today business reporter Rhonda Abrams watched last week’s season 4 premiere of “Mad Men” with a group of Silicon Valley entrepreneurs. And why not? Season 4 of this hit TV show about life at a Madison Avenue advertising agency in the swinging ’60s kicks off with a startup launch of its own. What did the new firm Sterling Cooper Draper Pryce do right?
• Balance team strengths.
• Think “out of the box.”
• Move fast.
• Stay flexible.
And what did they do wrong?
• Rent expensive offices.
• Overdependence on one or two customers.
• Lack of staff diversity.
• Partner with people you don’t trust.
• Single tasking.
Read the full article, “Mad Men offers good business lessons” here. Hat tip to the Dateline Media blog for capturing this first.
August 1, 2010
The 2010 ANZA Gateway to the US program kicked off with a series of free webinars in July. Each of our three 60-minute webinars addressed specific concerns Australian entrepreneurs have about commercialization options in the US market, based on a recent survey of ANZA TechNet members. More than 600 Australian entrepreneurs and CEOs took part – which speaks volumes to the number of innovators out there getting ready to bring Australian technology to the world.
The webinars addressed the “myths and realities” surrounding establishing a presence in the US market, the “facts and fears” of doing business in the US and the funding options and opportunities available to Aussie businesses looking to expand overseas. The webinars are available to view on-demand at this link (brief registration required).
ANZA TechNet again extends our thanks to our network members who donated their time and expertise to share valuable information and insight on these webinars – David Evans, CEO Starplayit; Susan Hailey, Partner, CTPartners; Dr. Larry Marshall, Managing Director, Southern Cross Venture Partners; Sidney Minassian, Co-Founder and Chief Liaison, Liaise, Inc.; Doron Ben-Meir, CEO, Commercialisation Australia; Max Shapiro, angel investor, Keiretsu Forum; and Jennifer Zanich, General Manager, Xumii Services. It is the contribution of our network members throughout the year and across the platforms of our programs that is the underlying value and core strength of the ANZA Technology Network. It is why we are the leading independent organization connecting the Australian and American innovative tech sectors.
Our membership is free and you can sign up here to join today.
We’ve also got a great early bird discount of 25% off for our Gateway to the US Introductory Workshops in Australia later this month with Guidewire Group’s Chris Shipley. Chris will be bringing her exclusive G/Score assessment tool for startups Down Under for the first and only time in 2010 as part of these workshops. We encourage any entrepreneur or CEO serious about the US market to sign up for the Gateway workshops today. Spaces are limited and already filling up fast.