Many in the Australian startup ecosystem have spent years lobbying the Australian Government to work with industry to improve access to the venture asset class. A vibrant angel ecosystem gives startups and founders the opportunity to bring innovation to market. Improving access also improves diversity of investors, resulting in more women founders receiving early stage funding. This would be a disappointing move in the opposite direction. Yes retail investors need protections and we need regulation to stop predatory behaviour in the cap raising market, but a blanket increase to the income/asset rule will have a significant, negative impact on early stage venture in Australia. @techcouncil_aus would love to understand your views on this article