Jon Medved, the prominent globetrotting entrepreneur and charismatic founder of OurCrowd, caught up with ABC’s Business Correspondent Ticky Fullerton as part of a segment on new reforms on crowdfunding for small businesses and startups in Australia. Complimenting PM Malcom Turnbull’s deep understanding of tech and innovation finance, Medved discussed Australia’s fertile VC culture and innovation finance are taking off. Medved predicted a “quickly rise to the front ranks of those countries who are innovating and creating really great startups.”
In the interview, Medved also discussed a positive risk acceptance attitude, successful crowdfunding (“get more than a t-shirt!”), sophisticated investors, Australia’s Innovation Statement and the need for informed business community involvement, tax incentives for investors, reliable regulations, fraud and due diligence and OurCrowd’s growth in Australia. The interview can be viewed here.