Starfish Ventures sees room for US funds

The venture capital firm says there are plenty of good Australian entrepreneurs that need capital.

John Dyson, a cofounder of Melbourne-based venture capital firm Starfish Ventures, welcomes the entry of US competitors such as Peter Thiel, Accel Partners and Sequoia Capital to the Australian market, saying it will help support local entrepreneurs who have business plans but need capital.

“There are plenty of opportunities but not enough capital” for Australian startups, Dyson told DataRoom. “The entry of US VC firms is absolutely fantastic and an endorsement of Australian entrepreneurs and the entire market.”

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