Australian Start-Ups Lure Silicon Valley Money


Rich Wong, a partner with the venture capital firm Accel, met with the co-founders of Atlassian after the firm heard its portfolio companies were using Atlassian’s software.CreditThor Swift for The New York Times

SYDNEY, Australia — In November 2013, John Locke and Nate Niparko, two members of the investment team at the American venture capital firm Accel Partners, got off a plane here and jumped in a taxi.

They told the driver to take them to Erina, a sleepy coastal town 57 miles north. Erina was an unlikely home of one of the world’s most popular invoicing apps for small businesses, Invoice2go, created by Chris Strode, a 40-year old programmer with a passion for surfing.

“I guess John and Nate wondered what they had wandered into when they arrived in Erina,” Mr. Strode recalled. “But they told me they are always on the lookout for companies getting traction organically.”…

Australian Start-Ups Lure Silicon Valley Money

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