Aussie startups luring Silicon Valley money

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

Published Sun, May 31, 2015 · 09:50 PM

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 was an unlikely home of one of the world's most popular invoicing apps for small businesses, Invoice2go, created by Chris Strode, a 40-year-old programmer with a passion for surfing.