ACSGN diagnoses the error of our ways.
The plight of an Aussie cyber security start-up is tough.
Research shows new businesses can’t get a foot in the door of enterprise buyers without a high-profile customer on their books, which they can’t get without an existing high-profile customer… and the vicious cycle continues.
Aussie venture capitalists reportedly don’t understand the security industry, so tend to undervalue local businesses compared to their peers in Silicon Valley. This makes it harder for start-ups to access what investment there is on offer – already 30 times less than in Israel and 10 times less than the US as a proportion of GDP.
Read the full article by Paris Cowan at IT News.