Betting before anyone else is ready to gives exponential returns in Ozzie Tech!

Blackbird has netted  $800m payday from its  Canva share sale. 

"If you find yourself in a privileged enough position to take such a risk, the bets that pay off biggest, are the bets you take before anyone else is ready to." Great quote from VC veteran Alan Jones

The transaction, which valued Canva at $US26 billion, allowed staff and early investors to sell their shares, turning some employees into millionaires and generating big returns for superannuation funds that tipped money into the local tech company! 

For Blackbird’s 2012 fund, which participated in Canva’s earliest funding round, the sale represented a return of just more than 2600 times the cost base of its original investment.

Link to AFRs article

3 Australian Cloud Companies in Forbes top 100

Australia celebrates its Entrepreneurs as tjis emerging Asset Class starts to come into its own! 

Canva has been listed as #3 in the best private cloud companies annual Forbes 2021 Cloud 100.

Airwallex  came in at 58 and Culture Amp  at 99.

Stripe, returned to the top of the list, having previously been no. 1 in 2019. It is the highest-valued startup in the US at US$95 billion.

Number two, Databricks, is valued at YS$28 billion.