Omnidrive is an Australian product which has attracted a lot of attention even though it is still in beta.

Its founder Nik Cubrilovic says it gives every person the ability to have all your files online and available from anywhere.

But at the same time he says "perhaps only companies that intend on remaining local or in the region … will seek local (ie Australian) investment."

He has announced that he intends to get his VC funding in USA.

I can understand the buzz from being in Silicon Valley and Las Vegas but I would be interested to know what attempts he has made to get VC funding in Australia or whether he has had previous bad experiences or received warnings from friends. Are Australian VC’s too conservative? Don’t they "get" Web 2.0?