Yes. In 2016 Mike Cannon-Brookes mentioned that he was personally aware that many of the tech stocks listed on the ASX because they were rejected by venture capital. Which is amazing because VC back then were funding any old rubbish that had a decent sales pitch.
If the Hadrian was as good as most on here seem to think it is it would have been well and truly taken out by now. It is coming up the best part of 10 years.
No asx tech stock reverse listed or spun out of a miner has ever made a profit. The asx was trying to ban reverse listing's not long ago.
Ann: FBR General Meeting Presentation, page-11
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