I'm not so sure. There's still institutional bias against venture investment in Australia.
Superannuation savings are north of AU$1.5 trillion dollars at this point. Supposing that "only" a trillion of that is held by fund managers, then a mere 0.5% shift in portfolio allocations would pump $5 billion dollars into VC.
Given that the total Australian VC is a few hundred million on an outside guesstimate, that'd be pretty noticeable.
Edit: maybe I should be knocking on doors at super funds? Though I guess the local VCs are doing that already.
Superannuation savings are north of AU$1.5 trillion dollars at this point. Supposing that "only" a trillion of that is held by fund managers, then a mere 0.5% shift in portfolio allocations would pump $5 billion dollars into VC.
Given that the total Australian VC is a few hundred million on an outside guesstimate, that'd be pretty noticeable.
Edit: maybe I should be knocking on doors at super funds? Though I guess the local VCs are doing that already.