Finance

Finance

Finance ideas, advice, news and tips from Australia's best business start-up mentors and journalists. StartupSmart's finance section features information and advice for business start-ups and people looking to start a business.

News Evernote valuation soars above $US1 billion during financing round

US-based cloud note and storage app Evernote is raising up to $US100 million at a valuation that tops $US1 billion.

News Small business sales up but economic growth still patchy

Small business sales increased by 2.5% year-on-year in March, according to ANZ’s latest Small Business Sales Trends report, but other research shows economic activity remains below trend.

News Employers to be offered $1,000 bonus for hiring older workers

Start-ups are being urged to consider older workers as a viable talent pool, after the Federal Government announced it will offer a $1,000 bonus to employers who hire a worker aged 50 or over.

News $15 million investment in biotech start-up wins global award

A $15 million investment in an Australian biotechnology start-up has been judged the Best Venture Capital Investment at the 2012 Vaccine Industry Excellence Awards in Washington.

News Software specialist takes 30% stake in Sydney start-up Connect2Field

Australian software specialist Reckon has taken a 30% stake in Sydney start-up Connect2Field for $660,000, with Connect2Field describing Reckon as an ideal partner for its future ambitions.

News Start-up expert calls for $100 million fund for budding local VCs

An Australian start-up expert has called on the Federal Government to set up a $100 million fund for budding venture capitalists.

News French government takes ownership stake in homegrown start-up

A fund run by the French government has invested 10 million euros in Paris-based online network Viadeo in a bid to nurture homegrown technology start-ups.

Start-up TV What is crowdfunding?

Entrepreneur Dana Mauriello, president of ProFounder, explains crowdfunding and how recent reforms by the Obama Administration will make capital more readily available for US-based start-ups.

Mentors My potential investor wants a 90% stake in my start-up

Your current potential investor is clearly either trying to take advantage of your requirements for capital or has little idea about the issues surrounding founder motivation.

News COSBOA calls for system to measure impact of regulation

Small business lobbyists have used an inaugural business forum to call for regulatory reform, including measuring the impact of regulation on small business.

News Go Sushi extends its manage-to-own program

Sushi chain Go Sushi has followed in the footsteps of Bakers Delight, extending its Manage to Own program, which allows more than 75% of start-up costs to be paid over three to five years.

News Female entrepreneurs fail to contribute to their super: Survey

Self-employed women are being urged to prioritise superannuation payments, after a survey revealed more than 50% of Australian female business owners are not contributing to super.

News Consumer sentiment hits record low amid calls for rate cut

Consumer sentiment is at its lowest level since August last year, according to the Westpac-Melbourne Institute of Consumer Sentiment, which recorded a 1.6% fall in consumer sentiment in April to 94.5 index points.

News Revealed: The top 10 suburbs for bankruptcies in your state

South-eastern Victoria and the Mt Druitt area of Sydney have emerged as some of the country’s worst areas for bankruptcies, according to the latest data released by the Federal Insolvency and Trustee Service.

News VC funding falls 35% in the US but local outlook still positive

Venture capital fundraising in the United States fell 35% in the first quarter of 2012, according to the National Venture Capital Association, but an expert insists investment is as strong as ever.

News First four local start-ups selected for Startup House

The NSW Government has announced the first four tech start-ups that will gain subsidised access to Startup House in San Francisco, as part of a program designed to help start-ups crack the US market.

News Latest recipients revealed for $250,000 technology voucher program

A mobile X-ray machine and a HIV diagnostic test are among the latest recipients of the Small Technologies Industry Uptake Program, which includes up to $250,000 in goods and services.

News Roomorama.com raises $2.1 million after merging with Lofty.com

Online travel start-up Roomorama.com has merged with short-term rental site Lofty.com in a bid to scale up, and has secured US $2.1 million in seed funding to accelerate its growth.

News Company insolvencies hit record high – here are five ways to avoid becoming a statistic

Corporate insolvencies have reached a record high with 1,532 companies being declared insolvent during February, according to the latest official figures.

News Interest rates unchanged despite calls for cut

The Reserve Bank of Australia (RBA) has kept the official interest rate unchanged at 4.25%, despite calls for it to be cut, saying the decision was appropriate in light of growth, inflation and lending rates.

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