Matt here. I have no problem with TAFE at all, it's a valuable part of our educational ecosystem and the country is in a skills crisis.
I have a problem with an organisation like ACS being so awfully backward and outdated yet responsible so many important things. It's a protectionist racket to charge $400 for someone with an Bachelor's Degree from an Australian University to get it "accredited" so you can apply for a skilled visa, for example.
Also I see nothing wrong with executive education. Singularity University is not a tertiary education provider, it's a graduate/executive program. It does not compete with TAFE in any way shape or form. I can't see how you can connect the two, quite frankly.
The problem is this is the professional body that determines what we teach in universities, that promotes the technology industry as a whole and who decides who we let into the country on a skilled visa.
These record labels should realise that this does nothing to stop piracy and serves as a fantastic multimillion dollar advertising campaign for Pirate Bay.
This is a pretty naive post. Of course the grants drop when the company is massively de-risked after closing its first round. I think you'd find "on average" most startups don't get funding at all, so "on average" the drop is not "greater" than the decrease in risk- in fact to the contrary.