The public telling of the story of AirTree – one of Australia’s premier VC firms – keeps omitting the relationship between the co-founders.
masterclass at the weekend, served up many hundreds of words about the “highs and lows” that have shaped AirTree VC co-founderKitney’s business profiles are quite remarkable. At best, their subjects unburden their deepest fears and motivations. At worst, you find yourself shouting at the screen at all that’s left unsaid.
There’s talk that AirTree is about to start more fundraising, perhaps the desire from the VC firm – also marking its 10th anniversary – was to pump some air into Blair’s tyres.In Kitney’s description, Petre had been a co-founder of the VC firm with a $60 million fund in 2014. Blair praised Petre’s complementary skills. But the story claimed Petre had “not been actively involved in the business for four years”, while Blair had “stayed at the forefront of the management”.
Frosty. See, here’s what the piece left unsaid: Petre and Blair really – and we mean really – dislike each other. It’s AirTree’s dirty laundry that has so far, unbelievably, gone unremarked on the public record, but is an open non-secret in the local tech industry.
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