StyleTread investment another indication of Australian tech boom
Nine Entertainment has invested $4 million into Australian online shoe retailer StyleTread,startupsmart reports. The company is only six months old. We don’t normally report on individual investments at The Next Web, but this news is more evidence that we’re seeing the beginning of a large-scale tech boom in Australia, where some of the world’s great bootstrapped startups have based themselves for years — includingEnvato, task management giantRemember the Milk,SitePointandDesignCrowd. The boom is being driven by foreign investors, and to some extent local investors such as Nine Entertainment, who are beginning to plough money into an industry that has traditionally been wary of venture capitalists and all that funding entails....