Financing a business



Snowball on the hunt for audacious local startups that want a shot at moving to the US

4:33PM | Wednesday, 2 April 2014 | Bronwen Clune

The local funding versus overseas funding issue is not going away any time soon, but while venture capitalist Mark Carnegie is hosting a funding event aiming to find local capital for startups, Melbourne-based Snowball group is looking for startups that want access to overseas investors.

Financing a business

30,000 extra businesses could benefit from private equity and VC with a few changes to the system

4:55AM | Wednesday, 2 April 2014 | Rose Powell

Australia needs to reform the venture capital system to enable more companies to access local private equity, according to a submission by capital peak body Australian Venture Capital Association Limited (AVCAL).

 | Venture Capital

Teen thinks he can save the US government $400m: A simple cost cutting strategy for startups

4:26PM | Tuesday, 1 April 2014 | Yolanda Redrup

Having a cash flow crisis or just looking to save a few dollars? One 14-year-old thinks he can show you how.

 | Financing a business  | Cashflow

Getting infrastructure right: How can startups build a scalable operational model?

3:52PM | Friday, 28 March 2014 | Paul Migliorini

Growth can be a mixed blessing for startups. It’s great to have new customers knocking at the door, but only if your cost base and cash flow are up to the task of serving them.

 | Cashflow  | Mentor  | Paul Migliorini

Stripe looks at accepting bitcoin, but Australians will have to wait

3:41PM | Friday, 28 March 2014 | Bronwen Clune

Online payments company Stripe is running a trial with US customers that allows them to accept bitcoin payments, but there is no definite date as to when this will be available in Australia.

 | Financing a business  | Cashflow

Box: A capital raising journey

3:15PM | Friday, 28 March 2014 | Niki Scevak

Box, the online storage company, filed to go public. More than most startups, Box reveals the awe inspiring Silicon Valley capital machine at work.

 | Growth  | Financing a business

Late stage startup mobile payments company raises $11.75 million

3:06PM | Thursday, 27 March 2014 | Rose Powell

Mobile payments and marketing company Mobile Embrace Limited has raised $11.75 million from local and international institutional investors.

 | Financing a business

Griffin Accelerator program launched in Canberra at ANU

3:31PM | Thursday, 27 March 2014 | Rose Powell

A new accelerator program focused on efficiency solutions for government departments has been launched at the Australian National University by ACT Chief Minister Katy Gallagher.

 | Financing a business  | Workspace  | Business advice and education

OneVentures announces second fund, citing increased venture capital appetite

3:22PM | Wednesday, 26 March 2014 | Rose Powell

Venture capital group OneVentures has today announced they’re raising $100 million for a second innovation and growth fund.

 | Financing a business

Sydney’s IconPark announces winner of food and drink-based crowdfunding competition

3:00AM | Wednesday, 26 March 2014 | Bronwen Clune

The world’s first online crowdfunding platform dedicated to bars and restaurants has announced the winner of its first round of applications, with Stanley St Merchants raising a six-figure sum to open its doors.

 | Financing a business

Vend’s founder reveals how he scored $22 million from Valar Ventures and Square Peg Capital

3:00AM | Wednesday, 26 March 2014 | Cara Waters

Point-of-sale software provider Vend today announced an additional $22 million in capital funding led by PayPal co-founder and the first outside investor in Facebook, Peter Thiel of Valar Ventures, and Square Peg Capital.

 | Growth  | Financing a business

Not so super for startups

3:35PM | Tuesday, 25 March 2014 | Rick Baker

Yet another well-meaning government initiative is going to have negative side effects for the Aussie startup and venture capital community. I want to make sure the right people in the government know about it.

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

How can you save money in Australia’s airline wars?

3:13PM | Tuesday, 25 March 2014 | Nina Hendy

Travelling for business can cost a pretty penny over the course of a year – here’re a few ways to cut back on domestic flight expenses.

 | Cashflow  | Leadership  | Management  | Sole trader

Meet the startup finishing their Series A round with a crowdsourced equity campaign

3:00AM | Tuesday, 25 March 2014 | Rose Powell

Three year old Lime&Tonic is midway through their Series A fundraising, using a European crowdsourced equity platform to raise some of the funds and generate a lot of word of mouth marketing.

 | Financing a business

Leading angel investing research group to launch Australian report

3:03PM | Monday, 24 March 2014 | Rose Powell

A North American investment research group has announced plans to partner with an Australian angel investor network to create targeted reports on Australian private investment activity.

 | Financing a business

“Don’t leave us”: Mark Carnegie launches second pitching comp to keep Australian startups here

3:00AM | Monday, 24 March 2014 | Rose Powell

Venture capitalist Mark Carnegie will host a second live pitching event for 10 startups and a host of investors in early May in a bid to connect local startup talent to the capital they need to stay in the country.

 | Financing a business  | Venture Capital

Blackbird Ventures turns one and closes first $25 million fundraising

3:11PM | Friday, 21 March 2014 | Rose Powell

Blackbird Ventures has finished raising its first $25 million, which it will use to back early stage technology start-ups with up to $500,000 each.

 | Financing a business  | Venture Capital

Why we skipped Kickstarter to run a crowdfunding campaign on our own site

3:02PM | Friday, 21 March 2014 | Rose Powell

Hello Code is currently running what they’re calling a “backers campaign” to source the funds needed to keep running their private beta round for their quantified self app Exist.

 | Financing a business  | Cashflow

Turnbull calls business owner out for relying on the NBN to run her business from home

3:35PM | Friday, 21 March 2014 | Rose Powell

Malcolm Turnbull was hailed a hero of the startup community this week after wading into the discussions around the shortage of available venture capital for startups.

 | Financing a business  | Sole trader  | Government and Regulation

Financial system inquiry head calls for more dynamic VC market

3:49PM | Thursday, 20 March 2014 | Bronwen Clune

The head of the Abbott government’s financial system inquiry, David Murray, has called for a more dynamic venture capital market.

 | Financing a business  | Venture Capital