Yesterday afternoon the company announced it has closed a further follow on round, with Australia’s Blackbird Ventures joining the LIFX family.
To be honest the idea of discarding companies with these structures as not being part of the Australian startup ecosystem makes me a little uncomfortable. When I began thinking about this topic last week, I reached out to our readers and my networks to get some insight on what others thought about the topic.
The result was a mixed bag. There were some fervent ‘no they are not’ responses, a few fence sitters and some adamant ‘yes they are still Aussie startups’ discussions. Some very good points were raised regarding eligibility of entering awards and the tax contributions these growing companies were making to the Australian economy.