Financing a business



The saga of employee share scheme reforms: six years, three prime ministers, seven small business ministers and it's finally happened

6:07PM | Thursday, 25 June 2015 | Kye White

The startup industry has been calling for reform since 2009 but the federal government has finally passed the employee share scheme reform legislation.


Blue Sky snaps up $15 million for its new venture capital fund

6:18PM | Tuesday, 23 June 2015 | Broede Carmody

Blue Sky Venture Capital has closed its first deal for its new venture capital fund, securing more than $15 million in capital to invest in Australian startups.

 | Venture Capital

Amazon shows Google tax can work, despite arguments against it

6:49PM | Tuesday, 23 June 2015 | Antony Ting

Amazon's announcement that it had started to pay tax on its sales in the UK rather than in Luxembourg is a development not just important for the UK, but also for Australia.

 | Tax

Uber drops prices by 10% in Sydney, Brisbane and the Gold Coast prior to GST crackdown

6:56PM | Wednesday, 17 June 2015 | Broede Carmody

Uber has slashed prices for its UberX service by 10% in a bid to grow its user base prior to drivers having to pay the GST.

 | Growth  | Cashflow  | Technology

Digital technology is now 5% of Australia’s GDP, but IT graduate numbers still falling short

6:06AM | Tuesday, 16 June 2015 | Broede Carmody

Digital technology is one of the fastest growing sectors in the Australian economy but the number of graduates with STEM skills is not keeping up with demand.

 | Tax  | Technology  | IT  | Leadership

Anti-fuel theft startup Scancam gets $500,000 in the tank

6:30PM | Monday, 15 June 2015 | Broede Carmody

Anti-fuel theft startup Scancam has snapped up $500,000 in seed funding in order to roll out its technology across Australia.

 | Growth  | Venture Capital

Tax reform needs to “open up greater access” to venture capital

6:56PM | Tuesday, 2 June 2015 | Broede Carmody

Any reforms to the Australian taxation system need to place entrepreneurship and innovation front and centre, according to the peak body for the venture capital industry.

 | Tax  | Government and Regulation

Snapping up seed funding requires a strong team and track record, according to the founder of Tidy Me

6:04PM | Monday, 1 June 2015 | Broede Carmody

Successfully scaling an on-demand technology startup requires a strong team and taking a lean approach, according to the co-founder of a platform that snapped up $750,000 in seed funding from AirTree Ventures last week.

 | Venture Capital

RiverPitch extends deadline, hopes to see more startups pitch to the likes of Steve Baxter

6:53PM | Monday, 1 June 2015 | Broede Carmody

The opportunity to take part in River City Labs’ River Pitch competition has been extended, with applications for investment-hungry entrepreneurs now closing on Wednesday.

 | Venture Capital

Griffin Accelerator announces 2015 intake as Canberra startup scene blooms

6:50AM | Monday, 1 June 2015 | Andrew Sadauskas

Canberra’s Griffin Accelerator has named the seven teams in its 2015 program, with each startup in this year’s intake receiving $25,000 in funding in exchange for 10% equity.

 | Financing a business

Fintech might be hot right now, but banks are still winning

5:33PM | Wednesday, 27 May 2015 | Amy Auster

The term “fintech” – the marriage of financial services with technology companies – has only recently come into vogue in Australia, with venture capital starting to flow into the sector.

 | Financing a business

Eventbrite co-founder says the key to raising capital is meeting your own expectations

5:27PM | Monday, 25 May 2015 | Broede Carmody

For the co-founder of Silicon Valley-based startup Eventbrite, raising $200 million over six years all comes down to proving to investors that you can meet and exceed expectations.

 | Venture Capital

Why forcing Google and other tax avoiders to have a 'taxable presence' won't work

5:57PM | Thursday, 21 May 2015 | Roman Lanis and Ross McClure

One of the critical provisions in anti-avoidance measures aimed at multinational companies announced in last week’s federal budget will be what constitutes a “taxable presence” in Australia.

 | Tax

Aussie VCs to standardise their legal documents to make it easier and cheaper for startups to access seed capital

5:33PM | Tuesday, 19 May 2015 | Broede Carmody

Several Australian venture capital funds have come together to standardise their legal documents and make them publicly available in order to make it easier for startups to access early-stage funding.

 | Legal matters  | Venture Capital

Global Kinetics Corporation raises $1.5 million in equity crowdfunding to fuel US expansion

5:31PM | Tuesday, 19 May 2015 | Broede Carmody

Australian health tech company Global Kinetics Corporation has raised $1.5 million on equity crowdfunding platform OurCrowd to kick-start its US expansion.

 | Cashflow

Hardware hacks dominate first national Unearthed innovation challenge

5:29PM | Monday, 18 May 2015 | Broede Carmody

More than seventy developers descended on Queensland co-working space River City Labs over the weekend to take part in the Unearthed innovation challenge.

 | Venture Capital

Redflow welcomes Tesla to the battery market, as investors including Graeme Wood and Simon Hackett pour in another $16 million

5:20PM | Friday, 15 May 2015 | Andrew Sadauskas

Redflow has welcomed the entry of US electric car maker Tesla to the large-scale battery market, after investors poured an additional $16.1 million into the zinc-bromide module (ZBM) maker.

 | Growth  | Financing a business  | Venture Capital

Online education startup Edrolo sets sights on expansion following $2.6 million raise

5:53AM | Tuesday, 12 May 2015 | Kye White

Online education startup Edrolo has raised $2.6 million that will be used to expand its content library to cover more subjects and year levels and increase the number of schools using its products.

 | Financing a business  | Venture Capital

A startup named Disrupt on why muru-D’s second wave was a gnarly ride

5:20PM | Friday, 8 May 2015 | Andrew Sadauskas

Customised 3D-printed surfboard and sporting goods startup Disrupt was among 10 graduates to pitch to investors at muru-D’s demo night, marking the end of the Telstra-backed accelerator’s second program.

 | Growth  | Financing a business

‘Punched in the guts’ Moula digs in as OnDeck prepares to enter the Australian SME lending market

5:43PM | Tuesday, 5 May 2015 | Kye White

When Moula co-founder Aris Allegos heard American competitor OnDeck had chosen Australia as one of the targets for its international expansion, he felt like he’d been punched in the stomach.

 | Financing a business