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FEATURED ESSAY · 12 April 2026 · 9 min read

The next generation of Aussie unicorns won't look like the last.

For fifteen years, the ANZ unicorn playbook was copy-a-US-category-and-go-global. That's not what's happening anymore. The next ten are being built here because the AI shift resets the starting line – and talent, compute, and distribution finally run west-to-east.

By Paul Naphtali · Managing Partner
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