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Y Combinator forecasts tough funding prospects in wake of Facebook IPO
6:00AM | Thursday, 7 June 2012 | Michelle HammondThe founder of Y Combinator says start-ups should lower their expectations when raising funds, warning Facebook’s disastrous IPO performance could hurt their funding prospects.
Posse raises $1.2 million and performs a pivot
6:00AM | Wednesday, 6 June 2012 | Oliver MilmanSydney start-up Posse has completely overhauled its offering, relaunching as a retail-focused app, after raising a further $1.2 million from a host of US and Australian investors.
Kayweb Angels invests in Aussie start-up busEasy
6:16PM | Tuesday, 5 June 2012 | Michelle HammondAustralian-run angel fund Kayweb Angels has added two new investments to its growing portfolio, one of which is an Australian start-up, while the other was founded by an 11-year-old.
One in four Australian small businesses use mortgages for finance: Survey
6:00AM | Tuesday, 5 June 2012 | Oliver MilmanSmall business owners will be among the more nervous observers of today’s interest rate decision, with new research showing that more than a quarter of Australian SMEs use their mortgage to finance their business.
Online bra-fitting business True & Co scores $US2 million in funding
5:06PM | Thursday, 31 May 2012 | Michelle HammondA US-based online bra-fitting service has secured $US2 million in funding from a raft of high-profile investors.
10 Aussie start-ups gunning for Silicon Valley
5:28PM | Thursday, 31 May 2012 | Oliver MilmanThis week, Flightfox joined a growing legion of Aussie businesses invading Silicon Valley. Here are 10 Aussie tech start-ups seeking success in the US. BY OLIVER MILMAN.
Flightfox accepted into Y Combinator after snagging $800,000
5:00AM | Thursday, 31 May 2012 | Michelle HammondAustralian travel start-up Flightfox has been accepted into US-based incubator Y Combinator and raised $800,000 in capital, just months after joining Startmate, the Sydney accelerator.
Victorian start-up secures $3.5 million for breakthrough Parkinson’s technology
5:35PM | Wednesday, 30 May 2012 | Michelle HammondA Victoria-based company plans to commercialise breakthrough technology for patients with Parkinson’s disease, after securing $3.5 million in equity funding and government grants.
Sydney trumps Melbourne as most supportive city for start-ups: Study
5:00AM | Wednesday, 30 May 2012 | Michelle HammondSydney has narrowly beaten Melbourne as the most supportive city to start a business in, according to new data that illustrates Australia’s start-up ecosystem.
UK launches StartUp Loans scheme – here’s how local schemes measure up
5:10PM | Tuesday, 29 May 2012 | Michelle HammondA loan scheme worth more than £80 million ($127 million) has been launched in the United Kingdom by Prime Minister David Cameron, designed to give young entrepreneurs a much-needed leg-up.
Business Enterprise Centres grapple with a shifting SME landscape
5:51PM | Tuesday, 29 May 2012 | Oliver MilmanEntrepreneurs have long relied on Business Enterprise Centres for face-to-face help. However, faced with government funding cutbacks and advice available online, are they still relevant? BY OLIVER MILMAN.
ANZ Innovyz START names inaugural start-ups for accelerator program
5:00AM | Tuesday, 29 May 2012 | Michelle HammondA marketplace for pre-loved baby items and a farm business management software provider are among the 10 companies selected to take part in the first three-month ANZ Innovyz START program.
What is a start-up incubator?
5:13PM | Friday, 25 May 2012 | Andrew SadauskasIf you're new to the start-up scene, you may have heard about a start-up incubator but not know what the term means. Here's Jay to shed some light on the topic.
Five top Australian start-up pitching events
5:14PM | Thursday, 24 May 2012 | Oliver MilmanFinding funding is a perennial challenge for entrepreneurs. If you’re looking for a real life Dragon’s Den, here are five events you can't afford to miss. BY OLIVER MILMAN.
Government urged to bolster biotech start-up investment
5:35PM | Wednesday, 23 May 2012 | Michelle HammondThe Federal Government should introduce more incentives to boost investment in biotechnology, a major industry player has argued, despite some recent high-profile deals in the high-risk sector.
NSW Government uses CeBIT to flag $1 million for mobile technology projects
5:26PM | Wednesday, 23 May 2012 | Michelle HammondThe NSW Government will pour almost $1 million into seven mobile technology projects, it announced at CeBIT Australia 2012, in its latest bid to position the state as a technology hotspot.
We put Small Business Minister Brendan O’Connor under the start-up spotlight
5:14PM | Tuesday, 22 May 2012 | Oliver MilmanDuring a recent visit to Melbourne, Federal Small Business Minister Brendan O’Connor agreed to a chat with StartupSmart. This is what he had to say about the big issues facing your business. BY OLIVER MILMAN.
Tiger Pistol plans Asian rollout following $1.15 million angel round
5:00AM | Tuesday, 22 May 2012 | Michelle HammondMelbourne-based start-up Tiger Pistol has launched a social marketing platform specifically for SMEs, after raising $1.15 million in an angel round led by Australian investor David Solomon.
Facebook’s cashed-up backers turn their sights to start-ups
5:00AM | Monday, 21 May 2012 | Michelle HammondFacebook’s much-hyped float saw its shares gain just 0.97% to end at $US38.37, but the IPO looks set to be a boon for start-ups, as the company’s cashed-up founders and early investors look to sink funds into ventures such as Quora and Crowdmob.
Pinterest valued at $US1.5 billion following $100 million investment
5:23PM | Friday, 18 May 2012 | Michelle HammondUS-based social networking start-up Pinterest has raised $100 million in finance, valuing the company at around $US1.5 billion.
