California has Silicon Valley. Sydney's got Silicon Beach. Where would you rather live?
Joshua Gliddon has his first page one in today's AFR - go get a copy! He's grabbled hold of the "Silicon Beach" moniker coined by Tilefile's David Bollinger.
I'll tell you why this is a big story. There's truckloads of money available for web startups in Australia if they've got a good business model. But many of the new companies Joshua quotes (such as Atlassian, Tangler, Quotify and the Freshview boys pictured on page 1 with their surf boards) are building companies with real revenues and real customers. That's a good story now, but think about what value they are creating for the future. Any potential M&A activity will be grounded in discussions about real numbers and not just pie-in-the-sky evaluations.
And in case you're wondering, the idea for this yarn surfaced when I met these guys at Stirr Sydney.
Thanks again for passing our details on Mark, just checked out Joshua's article and it looks great. The phone hasn't stopped ringing.
Posted by: Dave Greiner | Tuesday, January 23, 2007 at 02:11 PM
Shh, don't tell anyone Dave... some people still read newspapers... ; )
Posted by: Mark Jones | Tuesday, January 23, 2007 at 02:15 PM
Sorry to spoil the party guys but Wollongong is the *real* Silicon Beach :)
Great article btw.
Posted by: Nik Cubrilovic | Thursday, January 25, 2007 at 06:59 PM
the correct spelling is Bolliger
Posted by: | Saturday, May 26, 2007 at 09:45 AM