Building any venture is challenging. Like new ventures, a conference can only proceed if there is market acceptance and a compelling need from the audience.
In our pursuit of helping founders and investors discover how to to get better, faster, and more returns, we failed to uncover that compelling need – YET!
Many speakers, supporters, and investors we have a relationship with were willing to work with us to find the audience. We are grateful for their continued support.
But, so far, we failed to engage the wider investor ecosystem beyond our first level of influence.
A couple of potential guests mentioned they didn’t know any of the speakers, or that they failed to grasp the reason why we must find better ways to get returns, faster.
What we’ve found interesting, however, about the startup investor ecosystem is the lack of ‘domain knowledge’ around how to create great ventures, replicate that and generate great returns back to investors.
The difficulty in Australia is that there are few Venture Investing groups that have been around longer than two cycles or 10 years.
We recently published an article about this very challenge, in which we said:
“We have been here before. In the boom following the post Dotcom crash, there was a similar fortune of money injected into early-stage ventures between 2004-09. Unfortunately, that dried up to a trickle, when the capital was not only not multiplied, but often barely returned at all.
“Now, the Australian investment pool has grown to more than $2.5 billion – five times more than two years ago – and Melbourne is poised to be the epicenter of Australia’s next Startup boom.
“So, the question is: What will we, as investors, do this time around that is different to the last time?”
For those investing groups which have already charted their course for their next investments, we found it difficult to get cut-through about why we, as an ecosystem, need to improve what we do, and how we do it.
We still believe there is an opportunity to work directly with organisations and individuals who remain convinced we are on the right track to do that.
Again, many thanks to all our grand supporters. We’re looking to meeting each of you in the coming months.
In the meantime, please register with us at the bottom of this page to let us know if you would like to attend this conference, which will now be held in the first quarter of 2019.