How I did it
The average age of companies that the owners sell at more than $1 billion is seven years, according to US venture capitalist Jacob Mullins, who has revealed the common characteristics of $1 billion consumer tech companies.
Everyday annoyances can be great places to find inspiration for a new business. Here are five great examples of start-ups that are cashing in by solving common problems. BY OLIVER MILMAN.
Serial entrepreneur Ruwan Weerasooriya has highlighted the challenges of adopting a lean start-up model in his latest start-up Rewardle, after selling another start-up to oOh!media last year.
PayPal co-founder Max Levchin is launching a new mobile payments start-up called Affirm, the first project to come out of Levchin’s San Francisco tech incubator.
A South Australian manufacturer of ultrasound devices has announced a global distribution partnership with a Japanese company, two years after receiving a $1.9 million government grant.
Australian car-cleaning franchise Nanotek is expanding into the Czech Republic, Slovakia and Austria, with founder Jim Cornish attributing the move to the region’s “entrepreneurial spirit”.
The co-founder of Facebook-owned photo-sharing platform Instagram has outlined key reasons for the company’s success, after hitting 100 million users since its launch in October 2010.
Gourmet biscuit producer Byron Bay Cookies intends to go global with its franchising model, after establishing six Australian stores, and is looking for franchisees to fuel its expansion.
Australian start-ups 7Write and Revirda will be put through their paces when they arrive in Amsterdam this week, after being chosen as two of 15 finalists for Startupbootcamp Amsterdam.
The US-founded Startup Grind event series continues to grow in Australia, with the Sydney and Melbourne chapters set to host the founders of Atlassian and Zendesk respectively.
Young entrepreneurs are being encouraged to enter a Subway competition in which they build, operate and promote a virtual restaurant for the chance to win an all-expenses paid trip to the US.
A number of new start-ups have likened themselves to US-based company Airbnb, the leader in travel rentals, which has booked more than 10 million nights of accommodation worldwide.
Online beauty retailer Lust Have It has outlined three distinct models of subscription commerce after revealing its subscriptions have grown more than 1000% over the past year.
The country director of US-based eCommerce website Etsy has offered some insight into the company, and has outlined some key tips for online start-ups, as part of her Australian visit.
Australian musician Clare Bowditch will accelerate the development of her side project Big Hearted Business after smashing her $26,450 target on local crowdfunding platform Pozible.
Forbes Asia’s annual list of the richest Australians is littered with mining magnates, including Gina Rinehart in the top spot, but it also features a strong contingent of entrepreneurs who have made their fortunes in other fields.
Expectations are high for Melbourne start-up and eBay preferred shipping supplier Ship2Anywhere, which won two titles at the 2012 StartupSmart Awards. BY MICHELLE HAMMOND.
Australian start-up 7write.com is scrambling to find a third co-founder after being selected as a finalist for Startupbootcamp Amsterdam, which has a preference for teams with three founders.
With the 2013 StartupSmart Awards coming up, we’re taking a look back at last year’s winners. In our first profile, StartupSmart speaks to augmented reality pioneers Explore Engage. BY MICHELLE HAMMOND.
Do you want to be a millionaire? Still looking for inspiration? Here are five great ideas that grew up into successful businesses. BY OLIVER MILMAN.