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

What’s a beer cost in bitcoins? Sydney gathering discusses the future of bitcoin

3:28PM | Thursday, 20 March 2014 | John Haining

PushstartAU founder John Haining was at Australia’s first Bitcoin Barcamp held in Sydney over the weekend. Here’s what he thought.

 | Financing a business

World Cup Tech Challenge seeking startups to come pitch to VCs in Silicon Valley

3:05PM | Thursday, 20 March 2014 | Rose Powell

The World Cup Tech Challenge is seeking 30 startups from around the world to pitch to hundreds of venture capital investors and product experts at their Silicon Valley conference in May.

 | Financing a business  | Venture Capital

Melbourne entrepreneur in Silicon Valley gets $41.8 million cash injection

3:45PM | Thursday, 20 March 2014 | Yolanda Redrup

Big data analytics company Platfora has received one of the largest investments ever for an Australian tech start-up, securing $41.8 million from US investors.

 | Financing a business

Why not spending our $1.3 million investment capital quickly was the best mistake we made

3:05PM | Wednesday, 19 March 2014 | Rose Powell

Bellabox, a mailed monthly beauty samples box, is booming. Co-founder and chief executive Sarah Hamilton shares why they didn’t immediately pursue their extensive growth plans and how it turned out for the best.

 | Cashflow

$24 million fund for job-creating Geelong startups open for applications

3:02PM | Wednesday, 19 March 2014 | Rose Powell

The Geelong Region Innovation and Investment Fund of over $24 million is now open for a second round of applications.

 | Financing a business

Female entrepreneurs pay themselves less: Study

3:14PM | Wednesday, 19 March 2014 | Cara Waters

In the workplace women are paid 17.5% less than men on average, but a recent study by Babson College in the United States has found female entrepreneurs also pay themselves less than male entrepreneurs pay themselves.

 | Financing a business

Mining investors digging for tech gold, says Posse founder

3:00PM | Tuesday, 18 March 2014 | Bronwen Clune

Traditional mining investors are looking to invest in technology, according to entrepreneur Rebekah Campbell, who is raising $1.5 million in new funding to grow her media website Posse.

 | Financing a business

Phone startup rethinking keys off to Brazil for accelerator program

3:25PM | Tuesday, 18 March 2014 | Rose Powell

Dextr, an Australian startup offering an alphabetically-ordered keyboard for mobile phone, has been accepted from over 1400 applications to join an accelerator program in Brazil.

 | Financing a business  | Venture Capital

Will a new $50 million tech investment company fix the Australian capital crunch?

3:56AM | Tuesday, 18 March 2014 | Rose Powell

Daniel Petre and Craig Blair are raising funds for a $50 million fund rumoured to focus on tech investments of between $2-5 million, but the news has failed to impress startup luminaries.

 | Financing a business