Episode Summary:
As CEO of Freelance Limited, Matt Barrie overseas the management of both http://freelancer.com/, a service through which 54 million freelancers offer every type of service you can possibly imagine, as well as http://escrow.com/, a global payment system that’s done 5 billion US dollars in payment volume. Freelancer Limited opened on the Australian Securities Exchanged at an incredible 1.03 billion US dollars market capitalisation, making it one of the biggest openings ever on the exchange. In this episode Matt tells the story of the growth of the Australian startup ecosystem as he has seen it from his unique vantage point, and why he believes aspiring startup founders would be best to first work for a company they admire for a year or two before starting their own venture.
Chapters:
00:00 Introduction to Day One Podcast
00:29 Meet Matt Barrie
00:56 Early Career and Education
02:40 The Concept of Startups in Australia
04:32 Stanford and the Dot Com Boom
05:15 Return to Australia and the Rise of Startups
06:28 The Tinshed Conference and Startup Excitement
07:49 Challenges for Australian Venture Capital
09:40 The Impact of the Dot Com Crash
10:32 The Resurgence of the Startup Ecosystem
12:15 Importance of a Strong Technology Industry
14:24 Advice for New Founders
35:07 Future of the Australian Startup Ecosystem
48:02 Closing Thoughts and Optimism for the Future