Pinned straw:
I agree. $3.5bn was invested in Aussie startups over CY2023 - funding levels are returning to the old normal. While many lamented a downturn in funding, the 2023 State of Startup Funding Report found that last year was still the third-highest funding year on record for Aussie startups. It’s a healthy reset to find the balance between too much and not enough capital because both scenarios are detrimental to startups. For angel investors, while cost of living pressures have been holding some back, there’s a sense of cautious optimism for the year ahead. 56% of surveyed angels via AirTree said their investing activity will either increase or remain constant in 2024, with climate tech, space, AI, quantum and healthtech sparking the most interest. With the share price at 4.0c and NTA/share at 8.9c (and rising), there is a healthy margin of safety here.