Gut Wrenching

A newly released plan by StartupAUS (no idea who these guys are) contains eight suggested actions for our federal government designed to ensure that our startup entrepreneurs don’t have to make the “gut wrenching” (sic) decision to take their energy and skills to Silicon Valley…(poor dears)

>> my interpretation added after each proposal

1. Create a national innovation agency
>> hire some mates as bureaucrats and the rest of us can be board members or advisers

2. Increase the number of entrepreneurs
>> by starting a degree in oxymoronic entrepreneurship at your local former TAFE, now Uni

3. Improve the quality and quantity of entrepreneurship education
>> hire some mates as lecturers to point 2 above and the rest of us can be board members or advisers

4. Increase the number of people with ICT skills
>> that will happen anyway

5. Improve access to startup expertise
>> hire some mates as bureaucrats to point 1 above and the rest of us can be board member and advisers

6. Increase availability of early stage capital to startups
>> forget the past failures and give some of our mates 10 year’s worth of management fees and a micro investment fund to piss up against the wall

7. Address legal and regulatory impediments
>> don’t tax capital gains on investments in start-ups and allow all losses to be written off against other income.

8. Increase collaboration and international connectedness
>>  hire some mates as bureaucrats and lecturers and the rest of us can be board members and advisers, and give us all a travel budget

>> This effort seems as well informed as Kev’s 2020 future summit. Maybe they had Cate as their Chairperson too? My advice to government is to stay right out of it. You can’t but mess it up no matter how well intentioned you are. And beware the white shoe brigade seeking white collar welfare.