2011 was a good year for the Australian economy. Markets were booming and startups were getting acknowledged for their economic longevity and relevance to the strategic growth of the nation. It was also the year I became an angel investor who funded women in tech startups.
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Then, only 16% of tech entrepreneurs were women. Therefore it came as no surprise that my foray into the male dominated angel investment space was met with scepticism. Without a strong track record of women in tech, much less tech startups, many did not see future value.
It wasn’t just gender that was the issue. The very concept of angel investment, seen as too risky; it was not something everyone got on board with in 2011. In stark contrast, 2015 saw almost every big bank, national business icons like James Packer, and even the super funds start investing in startups.