Episode Summary:
Rachael Neumann is one of the founding partners of Flying Fox Ventures, an early stage venture capital firm backing startups in Australia and New Zealand. Prior to this Rachael has played many roles in the Australian startup ecosystem, including as Partner at Startmate, Head of Startups Australia & New Zealand at Amazon Web Services, board member at LaunchVic and Managing Director of Eventbrite Australia. In her conversation with Adam, Rachael discusses her time in the US startup ecosystem and how it differs from Australia’s, and some effects that the pandemic has had on Australian startups.
Chapters:
00:00 Introduction to Day One Podcast
00:29 Meet Rachael Neumann
00:52 Rachael's Involvement in the Australian Startup Ecosystem
01:59 Transition from San Francisco to Australia
02:18 Early Days of the Australian Startup Scene
04:11 Growth of the Ecosystem Over the Years
05:06 The PayPal Mafia Analogy in Australia
06:24 LaunchVic and Its Origins
09:13 Transitioning to the Investing World
10:20 Rachael's First Investments in Australia
12:22 Investment Philosophy and Strategies
15:16 Challenges Faced by Female Founders
18:01 Immigration Policies and Talent Gaps
20:24 Importance of Early Stage Investors
22:14 Advice for New Investors
23:53 Advice for Founders in Fundraising
25:36 Final Thoughts on the Startup Ecosystem
