Even the world’s best businesspeople make mistakes. As these five entrepreneurs showed, the real measure of success is how well you recover afterwards. BY OLIVER MILMAN.
A new venture capital fund is aiming to take the Australian start-up scene by storm, founded by a self-described “dream team” including Atlassian founders Mike Cannon-Brookes and Scott Farquhar.
State-based small business commissioners have urged the Federal Government to give its new small business commissioner genuine powers to slash red tape.
Melbourne-based investment firm Small Giants has become the first Australian company to be certified as a “B Corporation”, which uses business to solve social and environmental problems.
Sydney-based start-up ImageBrief is in the process of setting up a New York office as it seeks to become the “99designs for photography”, after securing $600,000 from angel investors.
Online retail start-up Tarazz.com.au says it will increase its offering to as many as three million items within the next year, after teaming up with Australia Post in an exclusive deal.
What are your options when a big company comes knocking with a nice set of numbers and a contract to sign? It’s a dream for some and a tricky proposition for others. BY LEON GETTLER.
A Brisbane start-up will develop an energy-efficient shower system using a $795,000 grant, courtesy of Commercialisation Australia, which has unveiled its latest round of recipients.
Australian start-up Incite Systems has signed a deal with a UK firm to take its technology to the British market, after developing software to help businesses understand their eligibility for R&D tax incentives.
A new co-working space is set to open its doors in Adelaide, understood to be the city’s first business-collaboration space, modelled on the likes of Fishburners and the York Butter Factory.
The world’s biggest sporting event will also generate some incredible opportunities for start-ups – if you’re clever. Here are five legal ways to cash in on the Olympics. BY OLIVER MILMAN.
Telecommunications giant Optus is ramping up its involvement in the start-up sector after acquiring Sydney-based food site Eatability for $6 million.
Sydney-based company Cafe2U is the latest franchise to launch in New Zealand, one month after announcing plans to appoint more than 1,000 additional franchisees in the United States.
Sydney-born entrepreneur John van den Nieuwenhuizen has big plans for his Apple-inspired start-up Hidden, which is on the cusp of raising $1 million on crowdfunding website Kickstarter.
Business groups have welcomed the Victorian Government’s $6 million Streetlife program, launched yesterday, which is designed to inject new life into small retail businesses.
Entertainment giant Electronic Arts is merging Melbourne-based games studios Firemint and IronMonkey to form Firemonkeys, one year after EA acquired Firemint for an undisclosed sum.
US-based accommodation website Airbnb has “acqui-hired” Y Combinator start-up DailyBooth for an undisclosed sum, in what is believed to be Airbnb’s first acquisition.
PayPal co-founder and Facebook backer Peter Thiel has made his first investment in an Australian company, leading a $1.2 million round for a stake in Sydney tech start-up ScriptRock.
Sydney-based tech start-up OrionVM is preparing to close a Series A round in the United States, with plans to open an office in San Francisco and a datacentre in Silicon Valley.
Start-ups looking to leverage the growth of the mining industry are being encouraged to act fast, with a report by Deloitte Access Economics insisting the boom will be over in less than two years.