Australia is fast becoming a hot place to do startups

rogerkermode.com

5 pointsbootload4 comments

Short list of successful exits

Retailmenot.com sold for USD 90 Million It took four years and they claim to of only spend $10 on the site.

tjoos.com exit unknown but guesses put it in the USD 10-15 million range after 18 months

spreets.com.au sold 3 weeks ago for AUD 40 million (USD 40.4 million)

Timeframe about 1 year

There is a real buzz with Silicon Beach Australia and many other people helping to create an interesting place to do start-ups.

Any examples of successful startups in Australia?

Campaign Monitor seem to be based in Sydney. http://www.campaignmonitor.com/our-story/

Atlassian is probably the most successful in the past decade.