Australia s SecondQuarter Ventures makes final close of secondaries fund at $51m
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SecondQuarter Ventures closes $51 million for Australia s first secondary fund
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Tech jobs could flee offshore, Aconex founder warns
Feb 22, 2021 – 12.32pm
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The founder of successful local software start-up Aconex, Leigh Jasper, warns that the next wave of tech jobs could flee offshore as COVID-19 accelerates the technology sector but the growing venture capital scene increasingly makes bigger bets overseas.
Mr Jasper, whose company was bought for $1.6 billion by Oracle in 2017, said Australia was falling behind other tech hotspots, despite increasing levels of venture capital heading to the mature end of the tech sector.
“When we started Aconex there was very little of any venture capital in Australia and that has clearly improved, but one of the problems is that the successful VC tend to write bigger cheques as they get bigger. They raise more money and start to look for bigger companies, which pushes them to later-stage investments,” Mr Jasper told