Startup growth needs tax breaks says US VC manager

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Tax breaks important for start-up growth in Australia says US investor Jonathan Teo.

The Managing Director of US VC firm General Catalyst believes that policies that encourage innovation and entrepreneurship are required to encourage the growth of this ecosystem and create a ‘smarter nation’.

In an interview with BRW, Teo also stated that Australia needs to determine where it’s competitive advantage lies, as a country and economy, and help start-ups in these areas. The investor says that Silicon Valley has tech, New York has finance, but asks ‘What does Australia have?’. By playing to its strengths and own differentiators, Australia can help produce companies that are more successful and attractive on a global scale.

Source: BRW

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Oct 30, 2013.