Australian super funds manage $4.8 trillion of our retirement savings and invest almost none of it in Australian venture capital. 13 of the 20 largest have no public commitment to it at all. I took a closer look at the numbers.
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We’ve seen hundreds of impressive AI-native pitches over the past few months. But the real question isn’t who ships the best product in three months, it’s who’s still winning in three years.
In March 2026, we did something no fund is supposed to do: we stopped investing. For five months we took the whole process apart and rebuilt it around AI. Here’s why.
No one starts a company knowing what it'll cost them. Some find out and keep going anyway...
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