'Sydney-based AirTree Ventures, one of the country’s biggest VC funds, has promoted Elicia McDonald and Jackie Vullinghs to partner, charging them with finding future stars.'
One of Australia’s biggest venture capital firms, AirTree Ventures, has moved to address the increasingly competitive hunt to back the country’s next wave of tech star companies by promoting two of its principal investors to the partner level.
Elicia McDonald and Jackie Vullinghs will take on the title and are charged with leading early-stage investments with a growing team. AirTree has added five new recruits in the past month with at least five more to come before the end of this year.Rhett Wyman “I think this is significant because we represent the first generation trained in venture in Australia coming through the ranks, learning the craft, and leading investments in the next wave of breakout companies,” Ms Vullinghs said of her appointment.
“When I started in VC in Australia, I initially thought it would be a great way to meet talented people in tech to go and start a company with. But then I fell in love with it as a career because I get to chase curiosity every single day in my job ... I know I will enjoy this job forever because the thing that I value most highly, which is curiosity, is so completely built into it.”
The duo said they usually put the most weight on the vision and strength of the founder when deciding what companies to tip their investors’ money into.
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