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Online genealogy boom continues as MyHeritage raises $25 million
11:26PM | Friday, 30 November 2012 | Michelle HammondIsraeli company MyHeritage has acquired long-term rival Geni.com after raising $25 million in new funding, as the genealogy industry continues to grow both overseas and in Australia.
Parliamentary inquiry again calls for small business banking code
11:20PM | Friday, 30 November 2012 | Cara WatersThe Australian Bankers Association is under pressure to adopt a small business banking code of conduct or face new regulations.
BlueChilli-backed start-up Moneysoft raises $600,000
11:52PM | Thursday, 29 November 2012 | Michelle HammondFinancial services start-up Moneysoft, which has been backed by Sydney incubator BlueChilli, plans to ramp up its presence in the Australian market after closing its third round of funding, bringing the total capital raised to $660,000.
Australia’s wealthiest suburbs revealed: The suburb with an average salary of $132,252
11:21PM | Thursday, 29 November 2012 | Cara WatersResidents of one ritzy Melbourne suburb are Australia’s highest wage earners, taking home an average income of $132,252.
No soup for you? Think again!
11:08PM | Thursday, 29 November 2012 | TaskmasterCustomers don’t care how bad your day has been; what they care about is good service.
Confidence creeps back among Aussie SMEs: Report
11:00AM | Thursday, 29 November 2012 | Oliver MilmanConfidence appears to be slowly seeping back into Australia’s small business sector, with a sunnier outlook on sales and profitability starting to take hold, according to new figures.
Melbourne-based incubator SeedLab hunts start-ups ahead of launch
11:07PM | Wednesday, 28 November 2012 | Oliver MilmanA so-called ‘open source’ Melbourne-based incubator is set to launch in February, aiming its sights at early-stage technology start-ups that are looking to work on undeveloped ideas.
Y Combinator reduces funding amount from $150,000 to $80,000
11:56PM | Tuesday, 27 November 2012 | Michelle HammondUS incubator Y Combinator has reduced its investment amount from $150,000 to $80,000, underlining the plummeting cost of starting a business, especially in the tech sector.
Newly launched Crowd Valley offers DIY crowdfunding platforms
11:45PM | Tuesday, 27 November 2012 | Michelle HammondA new initiative called Crowd Valley says it wants to increase the level of democracy in the crowdfunding market, potentially offering a new path to funding for Australian start-ups.
GE’s low carbon challenge offers access to $10 million fund
11:02AM | Tuesday, 27 November 2012 | Michelle HammondStart-ups have until Friday to enter GE’s ecoimagination Challenge for low carbon solutions, which, in addition to prize money, will see entrants gain access to a $10 million investment fund.
Australia’s start-up scene fuels surge in VC activity: Report
11:00AM | Tuesday, 27 November 2012 | Michelle HammondAustralia’s venture capital industry experienced an increase in both investment value and volume in the 2012 financial year as a result of the growing start-up scene, according to a new survey
Is your university on the money?
11:06PM | Monday, 26 November 2012 | Michelle HammondUniversity start-ups are a big deal in the US. They are now starting to emerge as a force on the Australian start-up scene as well. BY MICHELLE HAMMOND.
Eskimo Joe turns to Pozible for latest album
11:58PM | Friday, 23 November 2012 | Michelle HammondAustralian band Eskimo Joe is using Pozible to fund its next album, with the aim of raising $40,000 via the online crowdfunding platform.
Melbourne entrepreneur Kris Bondin launches new TV program
11:46PM | Friday, 23 November 2012 | Michelle HammondA Melbourne entrepreneur has produced a national television program titled Money and Your Life, which enlists the help of experts to help families and businesses improve their finances.
We’re in the money: Moneytribe raises another $250,000
11:43PM | Friday, 23 November 2012 | Michelle HammondMelbourne-based business Moneytribe has taken its total funding pool to more than half a million dollars after raising a further seed investment of $250,000 from current investors.
Mobile app venture biNu adds $4.3 million to money pool
11:00AM | Friday, 23 November 2012 | Michelle HammondSydney-based start-up biNu has snagged $4.3 million from investors including 500 Startups, having already received funds from Google’s Eric Schmidt and Seek co-founder Paul Bassat.
US start-ups raise five times more capital than Aussies: Report
11:20AM | Thursday, 22 November 2012 | Michelle HammondUS-based companies raise almost five times more capital than Australian companies in the early stages, according to a new report, which also shows that Sydney remains our largest start-up hub.
WA company smashes $20,000 crowdfunding target for folding boat
11:00AM | Wednesday, 21 November 2012 | Michelle HammondWestern Australian company Quickboats has smashed its target on crowdfunding website Indiegogo.com, having already raised more than $1 million this year, as it seeks to go global with its high-tech folding boat.
Start-ups often underestimate fundraising process: Starfish Ventures boss
11:30PM | Tuesday, 20 November 2012 | Michelle HammondStart-ups often underestimate the time required to raise capital, says the co-founder of Starfish Ventures, following a $2 million investment in an email and web communication company.
Ireland looks to lure Aussie start-up with incubator program
11:24PM | Tuesday, 20 November 2012 | Michelle HammondThe Irish Government is offering an Australian start-up the chance to participate in prestigious incubator program LaunchPad, after launching a venture capital fund for offshore companies.
