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Aussie startups luring Silicon Valley money

US venture capital firms are attracted by the legal and regulatory environment in Australia

New York

IN November 2013, John Locke and Nate Niparko, two members of the investment team at the US venture capital firm Accel Partners, got off a plane here and jumped in a taxi.

They told the driver to take them to Erina, a sleepy coastal town about 92 kilometres north. Erina