Companies

Apr 10, 2014

Australia’s newest billionaire: Scott Farquhar on making a fortune in tech

You can still make a fortune in tech if you play your cards right, says our newest billionaire.

Atlassian’s US$150 million share sale announced yesterday has rocketed co-founders Scott Farquhar and Mike Cannon-Brookes into Australia’s billionaire rankings. Farquhar talked to Crikey sister publication SmartCompany from Los Angeles last night as news broke of the deal, which values Atlassian at US$3.3 billion.

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  1. The Old Bill

    This article says it all. Aussie company relocates because of the same old chestnuts.
    Not enough Hi Tech graduates or low tech graduates with talent because of a dumbing down of the IT education and other education sectors.
    We now have a Liberal government who are apparently open for business, but not in any sector that needs forward planning or lateral thinking. Atlassian to the UK, solar companies to China, soon we really will just be a big hole in the ground with no future.
    If we targeted a larger and more diverse intake of immigrants, and spent some money on our kid’s future, we might just get the skills we need here to keep us rednecks employed after the mining boom.

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