Power law in ASX tech + Valuing SEEK's VC Investments

Three companies dominate the index | SEEK's has done well

The power law is on show on the ASX.

Some companies grow 100x bigger than others.

There are 151 tech companies listed on the ASX with $108bn market cap. The power law is just as real here as it is in Silicon Valley.

💠 WiseTech, Xero, and NEXTDC = $57bn

💠 47x other B2B software companies = $24bn

💠 Some big telcos and data companies = $10bn

💠 Then a long tail of up and comers = $17bn

Shout out to Mopoke founder Andy Crebar for contributing this one.

SEEK’s Venture Investments

There has been some discussion about SEEK’s venture fund “taking a hit” so we decided to dig into this.

Overall SEEK is killing it in VC.

The power law strikes again. A few of their early investments have seen massive gains in valuation.