A Cloud Guru founder Sam Kroonenburg believes CGT changes will make it harder for founders to stay and build in Australia
Summary
Sam Kroonenburg argues that Australia’s proposed capital gains tax changes could make it harder for founders to stay and build companies in the country. He says the policy could double effective tax bills on successful exits and reduce capital available for reinvestment into startups, venture funds, and angel investing. The piece ties his concern to his own path as founder of A Cloud Guru, which he sold to Pluralsight for $2 billion, and to his ongoing work backing new Australian startups. It also highlights the broader risk that ambitious founders may relocate to markets like the US, Singapore, or the UAE if the rules change.
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applications
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SaaS
EdTech Software
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Linked Companies
Pluralsight
$100M to $250M
Canva Pty. Ltd.
$1B+