Episode Summary:
Mark Pesce is the host of This Week In Startups Australia (TWISTA), a podcast which has charted the growth and maturity of Australia’s startup ecosystem since 2014. Born in the US, Mark first worked for a startup in 1982, and in the years since has worked in a variety of roles, including co-inventing VRML, which became a foundational format for displaying 3d graphics on the internet, founding Ono-Sendai, a first-generation virtual reality startup, and working for Apple as a consulting engineer. In 2003 Pesce relocated to Australia, and became a judge and panelist on the ABC TV program The New Inventors, as well as an Honorary Lecturer at the University of Sydney and a columnist for IEEE Spectrum. In his conversation with Adam, Mark discusses starting the TWISTA podcast, and some of the differences between the US and Australian startup ecosystems.
Chapters:
00:00 Introduction to Day One Podcast
00:22 Meet Mark Pesci
00:36 Mark's Journey into Startups
01:16 The Concept of Startups in 1982
02:12 Moving to Australia in 2003
02:48 Early Startup Ecosystem in Australia
04:06 Catalysts for Startup Growth
05:40 The Evolution of Australian Startup Community
09:11 Cultural Differences Between Australia and the U.S.
09:32 Unpopular Opinions on the Ecosystem
10:05 Current State of the Startup Ecosystem
12:05 Involvement with This Week in Startups Australia
13:31 Advice for New Founders
14:22 Changes in the Investment Landscape
16:22 Closing Thoughts on Diversity in Startups