“Most of the mansions owned by the neighbors are offshore billionaires or really old Australian money — mineral money, gold rush money,” said Mr. Jones, the venture capitalist. “It’s been 100 years since most of the families on Sydney Harbor made their money.”Money notwithstanding, running a growing tech company in Australia is a challenge, the founders said. The founders have formed a cohort of friends with big tech companies outside Silicon Valley, including Daniel Ek, the Swedish chief executive of Spotify, and Ryan Smith of Qualtrics, who is based in Utah. It is one of many reasons the two men say they would not leave Australia for Silicon Valley. “I know the U.S. very well, and I know Australia very well,” Mr. Farquhar said.

Source: New York Times February 13, 2019 18:00 UTC