A great Insight from Niki Skevak from Blackbird Ventures
Afterpay, Xero and Pushpay all went public super early at super silly valuations and created awesome business worth billions of dollars each
In 2016, Afterpay went public on a $500k annualised revenue run rate and raised $25M on a $165M post-money valuation. It's now a $7B company 3 years later with a $214M annualised revenue run rate.
(oops $6b now)
Maybe make it easy for startups in Australia to list on the asx and enable public investors to get in at a stage that’s often reserved for VC/private capital markets?
They can have a strategy to invest in startups where 1 in 10 will work!
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