Australian startups lag far behind the US and China in funding raised despite the country’s historical effectiveness at creating unicorns.Since 2000, Australia has produced 1.22 unicorns for every $1 billion invested — the highest ratio globally and almost twice the number in the US, according to a study by Side Stage Ventures, Dealroom.co and Amazon Web Services. China — which has struggled with a private sector crackdown since 2020 — doesn’t even appear on the list....