Financing a business



Melbourne-based bitcoin fund lost $70,000 in a cyber-attack caused by US Marshals Service

7:15PM | Tuesday, 1 July 2014 | Kye White

A mistake by the US Marshals Service has led to Melbourne-based bitcoin arbitrage fund Bitcoins Reserve losing 100 bitcoins, valued at around $70,000, in a cyber-attack, according to co-founder Sam Lee.

Financing a business

Australia, an expensive home for startups

7:53PM | Tuesday, 1 July 2014 | Kye White

Both Sydney and Melbourne are almost as expensive as San Francisco for startups and their founders, according to the Expatisan Cost Of Living Index.

 | Financing a business  | Cashflow

The good news about bad debts

7:46PM | Tuesday, 1 July 2014 | Chris Ridd

There’s nothing worse than not getting paid for your hard work. But while it is disappointing, there is some consolation for small business owners: you can claim the bad debt as a tax deduction.

 | Financing a business  | Venture Capital

StartupAUS and AVCAL call government to task for funding shortfall

6:32PM | Monday, 30 June 2014 | Kye White

StartupAUS and the Australian Private Equity and Venture Capital Association (AVCAL) have called on the federal government to ensure adequate funding is provided to the Commercialising Ideas stream of the Entrepreneurs’ Infrastructure Program.

 | Planning  | Financing a business  | Venture Capital  | Government and Regulation

Canberra-based accelerator program announces 2014 program participants

6:46AM | Monday, 30 June 2014 | StartupSmart

Five Canberra-based businesses have been accepted into the inaugural 2014 GRIFFIN Accelerator program.

 | Venture Capital

Nimble closes $10 million funding round, with big institutional investors on board

6:44PM | Wednesday, 25 June 2014 | Kye White

Short-term loan provider Nimble has closed a $10 million funding round which will be used for loan funding, improving its technology platform and customer experience, and marketing.

 | Growth  | Financing a business  | Venture Capital

Australian banks need to get serious about bitcoin before it’s too late

6:23PM | Tuesday, 24 June 2014 | Kye White

The Australian banking and financial sector need to take Bitcoin seriously if they don’t want to be left behind, according to Coinjar co-founder and chief executive officer Asher Tan.

 | Financing a business  | Technology

LIFX closes Series A funding round - $12m

6:09AM | Tuesday, 24 June 2014 | StartupSmart

LIFX, the innovations company behind the award-winning Wi-Fi enabled, multi-color LED light bulbs, today announced that it has partnered with Sequoia and raised $12m in Series A funding.

 | Venture Capital

Four alternative ways you can fund your startup

6:33PM | Monday, 23 June 2014 | Nina Hendy

From growth hacking to moving overseas, there is more than one way to raise money for your fledgling startup. Here are four ways to do it.

 | Growth  | Financing a business  | Sole trader

Zippy app raises funds to grow market awareness and develop beacon technology

6:02PM | Monday, 23 June 2014 | Kye White

Brisbane startup has raised $500,000 in angel investment to increase market awareness and uptake of the company’s Zippy app and accelerate the development of its Bluetooth Low Energy beacon technology.

 | Growth  | Growth Strategy  | Financing a business  | Venture Capital

Big banks can innovate too

6:06PM | Thursday, 19 June 2014 | Kye White

The big banks are becoming more and more interested in the innovation that startups can offer, according to MOGO founder and chief executive officer Andrew Clouston.

 | Financing a business

Show me the money! Four Australian disruptive financial services startups to watch

6:43PM | Wednesday, 18 June 2014 | Bronwen Clune

According to SEEK co-founder and Square Peg chief executive Paul Bassat, payments are the “holy grail of innovation”.

 | Growth  | Financing a business

The secret backdoor to ASX listings

6:45PM | Tuesday, 17 June 2014 | Andrew Sabo

For start-ups with genuinely disruptive ideas, robust business models and proven profits, there is the potential to list on the Australian Stock Exchange through a ‘reverse take-over’. Here are some examples.

 | Financing a business

Google partners with Fishburners to roll out its entrepreneurs program

6:52AM | Tuesday, 17 June 2014 | Bronwen Clune

Google has partnered with incubator Fishburners, in a six figure deal, to implement its startup outreach program Google for Entrepreneurs to help facilitate the growth of the startup community.

 | Venture Capital  | Workspace

Bitcoin miners will self-regulate – and that’s a good thing

6:17PM | Monday, 16 June 2014 | Kye White

Bitcoin miners will self-regulate to ensure no single entity will control more than half of the computational power required to mine new digital coins, according to Sam Lee, co-founder and chief executive officer of the world’s first arbitrage investment fund, Bitcoins Reserve.

 | Financing a business  | Venture Capital

Big Pitch or big stitch? It remains to be seen tomorrow night

6:57PM | Monday, 16 June 2014 | Kye White

It’s been billed as one of the startup events of the year, but on Tuesday night it will become apparent whether or not Oxygen Ventures’ $5 million Big Pitch event is as lucrative as advertised, or a funding equivalent of vaporware.

 | Financing a business  | Venture Capital

Tax tips to help tackle the ATO hit list

6:00AM | Monday, 16 June 2014 | Adrian Raftery

With the ATO announcing their hit list for 2013-14, it is time to do some urgent tax planning.

 | Tax  | Sole trader

OPINION: Dear Google, here are some ways to put your money where your mouth is

6:17AM | Friday, 13 June 2014 | Alan Jones

I feel like poking the rainbow bear today. Google Australia is the big bear of the Australian tech startup industry.

 | Growth  | Tax

Crowdsourced equity funding only part of the startup capital equation, OneVentures partner cautions

6:26PM | Wednesday, 11 June 2014 | Kye White

Caution should be exercised when looking to crowdsourced equity funding (CSEF) to make it easier for startups to raise capital, according to OneVentures partner and managing director Dr Paul Kelly.

 | Growth  | Financing a business

Is the ASX the future of financing Australian startups?

6:12PM | Wednesday, 11 June 2014 | Kye White

The Australian Securities Exchange (ASX) is the future of financing for Australian tech startups, according to Freelancer chief executive Matt Barrie.

 | Growth  | Financing a business