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APR 28, 2013 - Business Insider

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Fear Of Failure Is Keeping Australia's Startup Scene From Exploding

ABOUT four years ago Michael Fox and two former law-school friends sniffed around for an unfilled market niche. Shoes of Prey was the result. Old-fashioned shoemakers in shops are disappearing in Australia. Internet shoesellers are replacing them. Mr Fox’s firm goes one step further: it allows customers to design and order their own bespoke shoes online. It wastes no time wooing men. “We figured women are more passionate about shoes,” says Mr Fox. Investors from America offered funds, some on condition that Shoes of Prey shift its base from Sydney to Silicon Valley. But Mr ... Read More

Tags: Fear Of Failure Is Keeping Australia's Startup Scene From Exploding,  Communications Latest News