434. Why Australia will NEVER be Silicon Valley with Chris Saad

My guest today is Chris Saad, he’s a seasoned product and startup builder, co-host of The Startup Podcast, and former Head of Product at Uber's Developer Platform.He’s been at the forefront of building companies since graduating high school the turn of the millennium, and has spent considerable time in both Australia’s and the United State’s tech and startup ecosystems, giving him a unique perspective on the differences between the two.We discussed:the apparent catch 22 of Australia’s social safety netthe difference in mindset between American and Australian foundersthe underlying geographic, political, and economic realitieswhy Australia’s investment ecosystem is unsophisticatedChris’ provocative thought son social justice activism amongst startup ecosystemsregulatory and tax landscapesand so much moreResources and LinksThe Startup Podcast: https://tsp.showChris Saad's website: https://www.chrissaad.comConnect with UsFollow me on Twitter: https://www.twitter.com/steveglaveskiFollow me on Instagram: https://instagram.com/thesteveglaveski Subscribe to my newsletter: https://futuresquared.xyzOur SponsorGet your free content strategy: https://sonicboom.vcLeave us a review!Timestamps(03:00) - Contrast between California's wealth and homelessness(05:00) - Adjusting audio settings and reconnecting with Chris Saad(07:00) - Viral LinkedIn post about Australia's startup ecosystem(09:00) - Reactions to the LinkedIn post(12:00) - Comparing entrepreneurial ecosystems of Australia and US(15:00) - Impact of social safety nets on entrepreneurial spirit(17:00) - Differences in urgency and hustle culture(19:00) - Historical and cultural factors in Australian attitudes(20:00) - Statistics on unicorns per capita(23:00) - Characteristics of US vs. Australian entrepreneurs(25:00) - Scarcity vs. abundance mindset(27:00) - Challenges in the Australian startup ecosystem(29:00) - Importance of talent density(31:00) - Changes in Australian startup ecosystem(33:00) - Networking in Silicon Valley vs. Melbourne(35:00) - Value of Silicon Valley-based clients(37:00) - Impact of regulation on startups(39:00) - Tax and regulation differences between US and Australia(41:00) - Regulatory capture and its impact on startups(43:00) - Differences in divorce law between US and Australia(45:00) - Challenges in promoting fintech startups in Australia(47:00) - Sophistication of Australian investors(49:00) - Investor mindset and startup economics(51:00) - Rational exuberance in US investments(53:00) - Importance of early-stage startup enthusiasm(55:00) - Misunderstanding of startup risk in Australia(57:00) - Universal truths in startup success(59:00) - Social justice and its impact on startups(1:01:00) - Finding balance in social justice efforts(1:03:00) - Conclusion and where to find more of Chris Saad Hosted on Acast. See acast.com/privacy for more information.