Australian-based outsourcing website Freelancer.com is reportedly the subject of a US$400 million takeover offer from Japanese recruitment site Recruit Co.
|Scooped by Tony Pittorino|
This will be a great result when it comes off.
This is not only a great result Freelancer.com and Matt Barrie, but more broadly for the startup scene in Australia.
The success of companies such as Freelancer.com not only validates the importance and the vitality of the technology and online sectors in Australia but it also acts as a beacon for all startups.
On a political note we see that the incoming Liberal Coalition remonstrates their 5 pillar policy - manufacturing, agriculture, education, services and mining.
While important, and clearly the foundation of our great country we need to move on and look to the future.
Australia definitely has global advantage in most of these sectors with possibly the exception of traditional, volume manufacturing. For the future Australia's advantage in manufacturing will more than likely be based on niche and technological sophistication.
And that leads me back to startups and technology.
The 6th pillar has to be the startup economy - technology, internet, online, creative industries, biomedical.
Business that can be scalable and be global (yes, like Freelancer.com).
And on the medical front, and from the past success stories like Cochlear.
With a highly educated workforce and the more we can focus on and transition to the startup economy the more likely we will be able to compete on the world stage.