$600m from 3 Ozzie funds
Square Peg, Balcjbird Ventures and Brandin Capital have each announced a $200m fund going into 2016! What does this mean for Innovation.
Assume the following:-
– a 5 x return over 5 years –
– and on average would end up with a 30pc stake in their investments.
Resulting in increased value in innovation of $10b over 5 years from 3 funds.
What will he the tipping point to encourage more money to flow into the innovation space!
Turnbull is on the money!
What do you think?