Why Did Terence Tam Say It Was Hard to Found a Company in Australia?

Terence Tam says starting a company in Australia was hard because the surrounding system was missing. He compares Sydney with Silicon Valley and with New York, which he calls developed markets for startups. Americans he meets in this world are optimistic. They may doubt one company and still be eager about the attempt. Sydney is smaller, and he says people there do not take the same moonshots. The difference he wants heard is the mentality, not a single rejected check. Building Ross & Zane and then Reflow Hub meant doing the work without the energy he was used to hearing about from those American cities.