Picking up my personal blog 🚀
The technology scene on the ASX has grown up
I have an incredible job as CEO at Sapling - our mission is to help people build better companies - and I get to work with a great team to deliver software that solve important people problems for some of the world’s best companies like Warby Parker, KPMG and AngelList.
I do this from the US & Canada, where I have had the opportunity to learn from many of the best technology companies and investors in the world. I moved to San Francisco in 2015 when it was the place to be for technology, but today great software companies are everywhere.
No where is this more clear than on the Australian Stock Exchange (ASX).
When I worked at Macquarie Capital a decade ago and watched carsales.com IPO into a nascent public software scene in 2009, few investors understood the business or the defensibility of market leaders in online classifieds.
It was listed at an $800m valuation at 7x revenue, and today trades for $6bn and 14x revenue - investors have wised-up to how dominant technology companies can grow and mature.
The ASX is now home to over 250 software companies and $200bn of market value and I’m excited about its future. There has never been more opportunity for investors to find and invest in great software investments.
Many people I’ve spoken to also want to learn more about the space, and having watched the technology market mature on the ASX and learnt from my software experiences in the US - I wanted to share what I’ve learned (so far).
This newsletter will have monthly content on the ASX technology market and individual company insights. Expect weeds to be jumped into and data to be crunched on things like:
Defining a new index of emerging software leaders on the ASX
Camplify: Why the AirBnb for Caravans has a long way to run 🚐
Enjoy and thanks for subscribing. 🚀