Financing a business



Twitter investor joins in $20 million funding round for Bigcommerce

9:28PM | Thursday, 6 September 2012 | Michelle Hammond

Early Twitter investor Mike Maples has joined US venture capital firm General Catalyst Partners in backing Sydney-based tech start-up Bigcommerce, which has secured $20 million in funding.

Growth  | Financing a business  | Venture Capital  | How I did it

Cashback deals site founded by Adir Shiffman scores early investment from Aura Capital

9:58PM | Wednesday, 5 September 2012 | Patrick Stafford

Private equity group Aura Capital has backed cashback deals site StartHere.

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TiECON Sydney to dole out $50,000 through start-up pitch contest

9:00AM | Wednesday, 5 September 2012 | Michelle Hammond

Start-ups have been given an 'open door' chance at the TiECON Sydney event to land $50,000 from angel investors, with organisers claiming that the initiative is an opportunity for new ventures to hone their pitches.

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Interest rates left on hold for third straight month

9:42PM | Tuesday, 4 September 2012 | Michelle Hammond

Interest rates have remained on hold for the third consecutive month, with the Reserve Bank board attributing the decision to “quite firm” consumption growth and low unemployment.

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Access to finance the biggest sore point for small firms: Study

9:00PM | Tuesday, 4 September 2012 | Michelle Hammond

Access to finance remains one of the biggest problems faced by start-ups, according to an academic study, which finds small firms are also struggling to keep up with the growth of technology.

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Veteran fashion retailer Ojay collapses

9:33PM | Tuesday, 4 September 2012 | Cara Waters

Another fashion retailer bites the dust, this time it's women's apparel chain Ojay.

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Top 10 lies investors tell entrepreneurs

9:05PM | Tuesday, 4 September 2012 | David Brown

Last week, StartupSmart examined some of the lies entrepreneurs tell investors. However, as these 10 common examples show, investors aren’t above stretching the truth either. BY DAVID BROWN.

 | Financing a business

Aussie no-go remains as UK plots state-backed small business bank

9:00AM | Tuesday, 4 September 2012 | Michelle Hammond

UK Chancellor George Osborne has unveiled a plan to set up a state-backed small business bank, although both sides of Australia’s political divide remain opposed to introducing a similar model here.

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Retailers counting on Christmas to boost sales: Report

9:49PM | Monday, 3 September 2012 | Michelle Hammond

Retailers are counting on Christmas to boost their sales, with the latest Dun & Bradstreet report showing sales expectations for the December quarter are 26 points above the 10-year average.

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Small group buying sites told to “hold on and sit tight”

9:46PM | Monday, 3 September 2012 | Michelle Hammond

Small players in the Australian group buying market need to “hold on and sit tight”, an expert says, after a report revealed consumer spending has fallen for the third consecutive quarter.

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Eastern states' start-up numbers leap as WA lags: Report

9:00AM | Monday, 3 September 2012 | Michelle Hammond

Almost 6% of all Australian businesses launched during the past 12 months, with the eastern states outshining boom state Western Australia in terms of new enterprises, according to data intelligence company Veda.

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Consumers aged 30-50 dominating online spending: Report

8:18PM | Friday, 31 August 2012 | Michelle Hammond

Consumers in their 30s and 40s continue to be the strongest age group for online sales, according to NAB’s latest Online Retail Sales Index, which also shows a surge in regional spending.

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Start-ups tipped to suffer as government flags grants freeze

8:25PM | Thursday, 30 August 2012 | Michelle Hammond

There are fears that the Federal Government is to axe grants used to support Australian start-up innovation as the Treasury searches for billions of dollars in budgetary savings.

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Troubled Ghermez Cupcakes will battle on, founder insists

8:20PM | Thursday, 30 August 2012 | Michelle Hammond

The founder of four-year-old cupcake chain Ghermez Cupcakes insists the business has not collapsed and will continue to trade, following the appointment of liquidators and the closure of one of its stores.

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$50 million investment a major boon for Delivery Hero Australia

8:47PM | Wednesday, 29 August 2012 | Michelle Hammond

The parent company of Delivery Hero Australia has raised $50 million in an investment round led by Kite Ventures, less than a year after the global food delivery service launched locally.

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Start-ups warned over staff equity tax drawback

8:16PM | Wednesday, 29 August 2012 | Michelle Hammond

An expert has issued some advice to start-ups who plan to offer stock options to employees, after players in the technology industry highlighted the drawbacks of Employee Share Option Plans.

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Part-time businesses hit record high as uncertainty takes its toll

8:00AM | Wednesday, 29 August 2012 | Joanne Koh

Economic uncertainty has seen a sharp spike in businesses started on the side, with part-time enterprise numbers hitting a decade-long high and full-time ventures taking a dip, according to a new report.

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Start-up accelerator Innovyz set to hit the road

8:45PM | Tuesday, 28 August 2012 | Oliver Milman

Adelaide-based start-up accelerator ANZ Innovyz START will hit the road in November by holding a series of intensive three-day workshops for early-stage ventures in each of Australia’s major capital cities.

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SAP Startup Forum launches locally amid $155 million funding pool

8:52PM | Tuesday, 28 August 2012 | Michelle Hammond

Local software start-ups are being encouraged to register for Australia’s first-ever SAP Startup Forum, linked to venture capital arm SAP Ventures, which recently announced US$155 million in new funding.

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