In this episode, we explore the seed phase of the Australian startup ecosystem, tracing its roots to some of the earliest catalysts to what we see today. Australian pioneers started innovating well before anything resembled an ecosystem and before the term "startup" was used. We tell the story of trailblazers like the Nucleus Group in 1964, Fairlight in 1975, Computershare in 1978 and much more.
We look at how the macroeconomic conditions in the late 70s and early 80s encouraged the "first great wave" of Australian startups, only for global capital markets to collapse suddenly in 1987. As the new millennium approached, we highlight how the mainstream adoption of the internet gave rise to some of our most recognisable dot com juggernauts, the likes of Seek, REA and Carsales, leading up to the dot com boom.
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