Growth Strategy



Chasing the ‘pink dollar’

11:31PM | Thursday, 22 November 2012 | Matty Soccio

There are big dollars to be had in the burgeoning ‘pink dollar’ market. However, companies need to get the basics right first. BY MATTY SOCCIO.

US start-ups raise five times more capital than Aussies: Report

11:20AM | Thursday, 22 November 2012 | Michelle Hammond

US-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.

Start-ups often underestimate fundraising process: Starfish Ventures boss

11:30PM | Tuesday, 20 November 2012 | Michelle Hammond

Start-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 Hammond

The 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.

Uber prepares for Sydney launch: Five top tips from the US venture’s GM

11:19PM | Tuesday, 20 November 2012 | Michelle Hammond

The Australian general manager of US-based car service Uber has offered start-ups some advice after spending five years in Silicon Valley, as the business gears up for its Australian launch.

Five key reasons why start-ups fail

11:25PM | Tuesday, 20 November 2012 | Oliver Milman

In a recent speech, Malcolm Turnbull lamented that too many start-ups fail in their early stages. Here are five common reasons why businesses fail. BY OLIVER MILMAN.

Foundry makes two start-up investments, looks to morph into VC fund

11:00AM | Tuesday, 20 November 2012 | Oliver Milman

Sydney incubator Foundry has revealed investments in two further start-up ventures, announcing that it is looking to raise up to $20 million to turn itself into a fully-fledged venture capital fund next year.

Do some small business window shopping

11:56PM | Monday, 19 November 2012 | Taskmaster

A record number of private businesses were up for sale in the September quarter, creating a unique opportunity to gather intelligence about your industry.

Australian entrepreneurs need to embrace ‘creative destruction’, claims Turnbull

11:04PM | Friday, 16 November 2012 | Oliver Milman

Malcolm Turnbull, the Opposition communications spokesman, says Australia needs to start celebrating the “creative destruction” of industries in order to foster innovation.

Set your “Flying Kanga” rules

11:14PM | Friday, 16 November 2012 | Taskmaster

Earlier today, I got a call from one of our sales reps, who was returning from an interstate business trip. It was time to lay down the law!

Sydney start-up Tapestry pockets $600,000 investment

11:00AM | Friday, 16 November 2012 | Michelle Hammond

Sydney-based tech start-up Tapestry, which has created a social media platform suitable for older people, has snagged $600,000 in a funding round led by Sydney Angels, having already won two grants from Commercialisation Australia and a national iAward.

Government gives game developers $20 million to play with

11:08PM | Thursday, 15 November 2012 | Michelle Hammond

Game developers will benefit from a $20 million fund unveiled by the Federal Government, on the back of research showing consumers spent $1.5 billion on interactive games last year.

New Gold Coast co-working space opens its doors

11:02PM | Thursday, 15 November 2012 | Michelle Hammond

A new co-working space has opened on the Gold Coast after partnering with existing venue Gold Coast TechSpace, adding to the list of co-working spaces and incubators in the Sunshine State.

Spotify set to snag $100 million in $3 billion valuation

11:56PM | Thursday, 15 November 2012 | Michelle Hammond

Music streaming service Spotify is set to close a $100 million funding round that would value the company at $3 billion.

Naked Wines Australia raises $1 million via “angel” network

11:00AM | Thursday, 15 November 2012 | Michelle Hammond

Wine retailer Naked Wines has recruited more than 2,000 “angels”, who have raised $1 million to fund wine made by up-and-coming independent winemakers.

New Adelaide fund to raise $50 million for medical, defence and tech devices

11:08PM | Wednesday, 14 November 2012 | Michelle Hammond

A new investment fund is aiming to raise an initial $50 million from private and institutional investors both here and overseas in order to finance medical, defence and technology devices.

Home-grown brands dominate as NZ franchising sector grows to $20 billion

11:28PM | Tuesday, 13 November 2012 | Michelle Hammond

A new report reveals franchises contribute around $20 billion to the New Zealand economy, suggesting the market is ripe with opportunity, but 88% of those franchises are home-grown.

Travel start-ups set for a Perfect Trip with $150 million fund

11:54PM | Tuesday, 13 November 2012 | Michelle Hammond

The company that acquired trip planning app TripIt has launched a $150 million fund, which will be used to invest in start-ups focused on innovations in the travel and expense space.

NY coding start-up partners with Melbourne college

11:11PM | Monday, 12 November 2012 | Michelle Hammond

Richard Branson-backed start-up Codecademy has partnered with an elite college in Melbourne’s east thanks to Australian Rhodes Scholar Leng Lee, the start-up’s first employee.

Group buying consumer spending revised down to $530 million

11:23PM | Monday, 12 November 2012 | Michelle Hammond

Group buying niche players have been warned of tough times ahead following predictions that consumer spending in the sector will drop to $530 million this year, revised down from more than $600 million.