Santa Monica, Meet Melbourne: The Montgomery Summit Goes Down Under

• The summit expects to attract 200 attendees with financial backers wielding $1 trillion in capital
• Venture investment in Australian startups grew from about $600 million in 2016 to $1.4 billion in 2018
• The Takeaway: The country is primed for growth, boasting world's No. 2 median wealth per adult, 13th-largest GDP, and hasn't been in a recession for nearly three decades.

Jamie Montgomery has never been against taking risks.

He's the longtime Santa Monica investment banker turned venture capitalist who once put up a faux road sign on a San Francisco freeway warning commuters that Silicon Valley was closed. Next to it was another billboard urging drivers to make a 380 mile U-turn to Santa Monica where he hosts an annual tech conference bearing his name.

The cheeky advertising ploy got plenty of buzz on social media. But, right now, Montgomery is focused on what's happening 8,000 miles away from California. Another gamble: The founder and managing director of March Capital Partners is returning to Australia for a second year to host a sort of mini Montgomery Summit Wednesday. Montgomery is expecting up to 200 attendees, four times as many as last year.

Jamie Montgomery, founder and managing director of March Capital Partners.

Courtesy March Capital Partners

It is not a coincidence that the event coincides with the Australian Open tennis tournament, which is in its second week.

"You have this built in audience of investors and executives," Montgomery said. "It attracts an incredible number of interesting people who have nothing to do during the day when the tennis is at night."

The summit is also coinciding with a series of massive bushfires that have devastated the country, mostly in the southeast, where Melbourne is located. Montgomery said he considered cancelling the conference a few weeks ago, but ultimately decided to proceed.

"We made a donation to fire relief," Montgomery said. "And we'll do some more stuff when we're down there."

The program will open with Montgomery interviewing John Chambers, former executive chairman and CEO of Cisco Systems and now founder and CEO at JC2 ventures, about how to build an innovation economy. There are also panels on maintaining high paying jobs in the age of AI and how companies can protect themselves against foreign adversaries.

Montgomery is not sure yet whether he will make the Australia conference an annual event.

"It's going to be great, but it's a lot of work" he said.