361 Angel Club reposted this
For anyone who saw the recent announcement from Labor suggesting that the sophisticated investor thresholds be increased and wondering what this might mean for Australia. The answer is not good. For one, the early-stage investment landscape would take a huge hit. Second, we would likely see a widening of wealth inequality across the country. Thirdly, this change would undoubtedly have a larger negative impact on women. Considering the work that has been done by many players in the ecosystem (shout outs to AirTree Startmate AGSM @ UNSW Business School Wade Institute of Entrepreneurship) to support the growth of our angel investors, it's terrifying to think how far this decision could put us back. It's important we take a stand on this and make sure our voices are heard on this issue: Startup Daily Rampersand Tech Council of Australia Tech Central Sydney Innovation Bay Cicada Innovations ACS (Australian Computer Society) Please share: Maxine Minter 🌱 Judy Anderson-Firth Lauren Capelin Kate Morris Noga Edelstein Jessy Wu Taryn Pieterse Dominic Pym Chris Quirk Ben Simai #investing #startups PS. What a great photo right? Thanks Simon Thomsen