Rick Baker, Co-Founder at Blackbird Ventures says that there are both good and bad startups listing on the ASX and investors need to be able to distinguish between the two. “The good type is a company that’s got around $10m in revenue (or more), is probably breakeven, profitable or very close to being so. Has really proven out its product/market fit. That’s the main thing. The level of $10m of revenue means that you’ve got a product that people really like.” In this video Baker also outlines the types of companies that he doesn’t think should be listed and what the big red-flags are: