Tech start-up investor Steve Baxter is a proud Queenslander, born in the remote town of Cloncurry.
In 1994, at the age of 23, Steve put his life savings of $11,000 on the line to launch his first start-up, the pioneering internet service provider SE Net, from the spare room of his Adelaide home.
Servicing more than 35,000 customers, SE Net was eventually acquired by Ozemail/UUNet under the stewardship of its founding Director and now Prime Minister, Malcolm Turnbull.
In 2001, Steve teamed with a schoolmate to launch his second start-up, PIPE Networks. Eight years later they sold it to the TPG Group for $373 million.
In the past three years he has become a major early-stage investor in Australian start-ups, helping to launch a host of companies which together boast a valuation of more than $100 million.
Three years ago, Steve launched River City Labs in Brisbane, a leading co-working community and startup hub in Queensland. In 2014, Steve underwrote the Startup Catalyst program, a mission to send 20 tech-savvy future entrepreneurs to the Silicon Valley and in November 2015, announced River City Lab’s imminent expansion plans.