Financing a business



Satoshi’s living room, no more: ATO bitcoin guidance forces startup to shelve operations

10:19PM | Thursday, 16 October 2014 | Kye White

Brisbane-based bitcoin BPAY startup Living Room of Satoshi has suspended operations, after the Australian Tax Office’s decision to treat bitcoin as property made its business model impractical.

Financing a business  | Venture Capital

Employee share scheme changes: a good start but still a long way to go

10:01PM | Wednesday, 15 October 2014 | Reuben Bramanathan

Australian startups and small businesses will generally be pleased with the proposed changes to the taxation of employee share schemes announced yesterday, but there are still a number of issues to be resolved before companies can start implementing new share and option incentives.

 | Tax

Google Australia gives non-profits a handy cash boost

10:28PM | Wednesday, 15 October 2014 | StartupSmart

Google Australia has awarded $3.5 million to 10 non-profits as part of the Google Impact challenge.

 | Financing a business

Melbourne startups sit down with Tony Abbott to press case for more support

10:41PM | Wednesday, 15 October 2014 | Kye White

Startup figures got the chance to lobby Prime Minister Tony Abbott to encourage superannuation funds to invest in venture capital, as well as open up equity-based crowdfunding.

 | Financing a business

Four health tech startup competition finalists take home a $10,000 prize, as local sector gains critical mass

10:37PM | Tuesday, 14 October 2014 | Andrew Sadauskas

The four finalists for the inaugural Janssen Health and Technology Challenge (HaTCH) have been named, with one of the judges saying Melbourne, in particular, is close to developing “a critical mass of ideas”.

 | Growth  | Innovation  | Financing a business  | Venture Capital  | Cashflow  | Technology  | IT

Bitcoin Group aims to raise $20 million with ASX listing

10:06PM | Tuesday, 14 October 2014 | Kye White

Bitcoin Group, the entity behind Melbourne-based bitcoin arbitrage fund Bitcoins Reserve, is set to list on the ASX next month.

 | Financing a business  | Venture Capital

Australian VCs unable to provide later stage funding rounds

10:09AM | Thursday, 9 October 2014 | Kye White

There are no venture capitalists in Australia that will fund a capital raising round of more than $20 million, forcing companies at a later stage to go overseas, says Starfish Ventures’ Justin Roberts.

 | Financing a business  | Venture Capital

GST on crowdfunding activities could be a “compliance nightmare” for startups

10:35PM | Tuesday, 7 October 2014 | Kye White

Applying GST to crowdfunding projects could present startups with a “compliance nightmare”, according to Arts ‘n’ Smarts co-founder and former tax lawyer Alan Tsen.

 | Financing a business  | Tax

Startup Catalyst aims to encourage young technical talent

10:54PM | Tuesday, 7 October 2014 | Kye White

The Startup Catalyst program is attacking what its organisers see as one of the Australian startup ecosystem’s biggest problems, a lack of young technical talent.

 | Venture Capital  | Leadership  | Workspace  | How to hire staff

Bitcoin price drop an attempt to manipulate the market or is the hype over?

10:57PM | Monday, 6 October 2014 | Kye White

The drop in bitcoin’s price to a 12-month low overnight was the result of a sell wall on a prominent Western bitcoin exchange – an attempt to manipulate the market, according to Bitcoins Reserve co-founder Sam Lee.

 | Financing a business

National security on the agenda as Senate inquiry into bitcoin announces terms of reference

10:10PM | Friday, 3 October 2014 | Andrew Sadauskas

The Senate Economics References Committee has released its terms of reference for its inquiry into bitcoin, with incorporating “digital currencies into Australia‘s national security framework” on the agenda.

 | Growth  | Financing a business  | Technology  | Government and Regulation

ilab seeks startups in regional Queensland for Germinate accelerator

10:51PM | Friday, 3 October 2014 | Andrew Sadauskas

Indooroopilly-based accelerator ilab is encouraging startups and entrepreneurs in regional Queensland to apply for its Germinate accelerator program.

 | Planning  | Business planning  | Financing a business  | Venture Capital  | Technology

ATO guidance on GST treatment of bitcoin at the top of agenda as Senate inquiry is officially announced

10:22PM | Thursday, 2 October 2014 | Kye White

A Senate committee inquiry into bitcoin must examine the ATO’s guidance requiring Australian bitcoin exchanges to charge GST on the value of the bitcoins they supply, industry figures say.

 | Legal matters  | Financing a business  | Tax  | Government and Regulation

Octopus Deploy gets set to unfurl its tentacles after $2 million investment from Red Gate

10:48PM | Thursday, 2 October 2014 | Kye White

Release management tool startup Octopus Deploy has secured $2 million in investment from database and .NET tooling company Red Gate Software.

 | Financing a business  | Venture Capital

Capital raise puts micro-location startup Localz closer to leaving its mark on legacy technology

10:53PM | Thursday, 2 October 2014 | Kye White

Localz has raised £100,000 ($A187,000) after winning European omni-channel retailer John Lewis’ JLAB incubator program, taking its total seed funding just shy of $1 million.

 | Financing a business  | Venture Capital  | Cashflow  | Business Grants

Recent funding success signals a shift in the availability of VC for Australian startups

10:44PM | Wednesday, 1 October 2014 | Kye White

A number of Australian startups raising significant funding in recent months is a result of the globalisation of venture capital and Australia’s reputation as a startup creator, say investors.

 | Venture Capital

Taxi app Ingogo raises $9.1 million, with $1.2 million through crowd equity

9:59AM | Tuesday, 30 September 2014 | Kye White

Australian transportation network and mobile payments startup Ingogo has raised $9.1 million, as it increases its focus on mobile payments, ahead of a planned ASX listing next year.

 | Financing a business  | Venture Capital  | Cashflow

Tinybeans sprout with a $2 million capital raise

9:00AM | Tuesday, 30 September 2014 | Kye White

Tinybeans, a social network that has amassed 500,000 users in its two years since launch, has raised $2 million.

 | Financing a business  | Venture Capital

Slingshot: NRMA moves into the startup space

9:32PM | Monday, 29 September 2014 | Kye White

Startup accelerator Slingshot, in partnership with the National Roads and Motorists Association, has launched Jumpstart, a new accelerator program that is looking for smart services, connected cars, connected members and member lifestyle startups.

 | Financing a business  | Venture Capital

The top 15 tips in applying for a tech accelerator

9:19PM | Monday, 29 September 2014 | Mick Liubinskas

I've just finished reviewing 180 business pitches for muru-D and will look at another 100+ for Startmate over the next few weeks.

 | Financing a business  | Venture Capital