Hear Trent Bagnall, the founder of Slingshot explain why building a startup in the regions is not only a fantastic opportunity but is a competitive advantage.
"I started my business out of regional, I think that's the key thing. I think, when you're trying to build a global business, there's no reason you need to be in the city, right? So, if you're trying to attack global markets, it doesn't really matter where you are. The good thing about the regions is resources are easy to get, so that's cheap rents, better people, less competition in terms of just marketing and PR and all the things, and the oxygen, I think, that startups need. You get better mentors as well because there's a lot of great people in the regions, that want to help regional founders as well, so if you go to Silicon Valley you're probably one of 300 companies doing exactly the same thing in Silicon Valley on that day. If you're in a regional centre, you're probably the only one, and that does help, and there's no reason why you can't attack those markets from here and get big enough. And sure, go overseas or move to the markets where you need to, but I think the regions are a great place to start, and as we both know, there's some great founders that have built great businesses in the Hunter already, so there's no real reason why anybody else can't do it."
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