[greendestiny]

I'm also from Adelaide, and I agree it's not likely to be a startup hub anytime soon. I think a large part of the problem is a lack of startup culture - as an example I was involved in a startup company after finishing my undergrad degree, and the founder was absolutely against giving up any control and his idea of giving equity to the first employees was a %0.0001 profit sharing arrangement. He was offered something like $50k to get a prototype together but wouldnt relinquish any equity.

I think the history of News Corp is a little more complicated, the Advertiser was just the first paper Rupert was given control over, hence its importance to him.

[pm]

I can relate to the lack of startup culture, specifically founders who, as you've experienced, refuse to give up any equity in return for committed co-founders. Brash independence is an Australian cultural cornerstone, often to a fault. I've encountered it more often than I care to remember, and been guilty of it just as much.

A lack of resources is a major concern, but it's the lack of co-operation which really holds us back. I hold hope that a couple of successful and generous founders will arise, sell out and establish a YC-like venture to foster the kind of thinking and giving that's needed.

(According to Wikipedia, Sir Keith Murdoch left his son Rupert the Adelaide News, from which he started News Corporation).