Brendan Lewis


Trading places: Investors pitch to entrepreneurs at reverse pitch event

1:27PM | Monday, 13 January

A Melbourne club for entrepreneurs is hosting its first “reverse pitching” night, where six start-up investors will pitch to a room of entrepreneurs.   Scale Investments chief executive Laura McKenzie, Square Peg Capital partner Gavin Appel, Rampersand managing director Paul Naphtali, Melbourne Angels president Jordan Green, Starfish Ventures investment director Tony Glenning and IFM Investors Investment director Gareth Adams will be presenting on the night.   Each investor will speak for three to five minutes, followed by an hour-long question and answer session.   Churchill Club chairman Brendan Lewis told StartupSmart the event was designed so start-ups know exactly what investors are looking for.   “We’ve run events for VCs before and one of the things that pisses me off is when you ask them what they’re looking for, they’re vague, but also very quick to say no,” Lewis says.   In their pitch, the investors will outline what exactly a good team looks like, a good business opportunity looks like, what level of validation they want to see, what kind of pitch they want to hear and when they want to hear from start-ups in their development.   “All of them, every single investor I know in the tech space has suggested there is a dearth of good deals. There are lots of deals, but no great ones. So I reckon the onus is on them now to be specific about what you want and what a good deal is,” Lewis says.   They’ll also explain what they prefer to see their funds spend on, and why start-ups should take their money.   Lewis adds he was delighted that every investor they approached said yes after mulling the idea over.   “We want people to recognise everyone else is being specific, maybe they’ll all be a bit more honest and direct,” he says.   He adds this will be increasingly important for local funds as international funds look to Australian start-ups for good deals.   The event is on February 20 at the Leveson Hotel in North Melbourne.

LivingSocial swoops for Aussie start-up Jump On It

3:43AM | Monday, 5 March

US group buying giant LivingSocial has acquired Australian start-up Jump On It, one year after taking a 31% stake in the company, in a deal believed to be worth around $40 million.

11:19PM | Monday, 28 November is an online service designed to help businesses answer the age-old question: what price should I charge for my product or service?

Top 10 start-up meet-ups in Australia

5:29AM | Wednesday, 2 May

The demise of start-up networking group The Hive after nearly four years of facilitating socialising and guest speakers across Australia shouldn’t be concerning for budding entrepreneurs looking to meet like-minded souls.

Australia’s best LinkedIn networkers revealed in survey

6:25AM | Friday, 24 June

Employees at RailCorp, Queensland Health, Flight Centre and Origin Energy are some of the best networking professionals in the country, according to a new study conducted by executive social network LinkedIn.

Plugging into the network

4:53AM | Friday, 27 April

Following the high-octane process of quitting your job and working every waking hour to get your start-up off the ground, the prospect of stilted conversation with a faceless middle manager at a dull conference is unappealing.