{"id":38694,"date":"2023-10-20T14:58:20","date_gmt":"2023-10-20T14:58:20","guid":{"rendered":"http:\/\/startupsmart.test\/2023\/10\/20\/startup-that-ranks-startups-coming-to-australia-startupsmart\/"},"modified":"2023-10-20T14:58:20","modified_gmt":"2023-10-20T14:58:20","slug":"startup-that-ranks-startups-coming-to-australia-startupsmart","status":"publish","type":"post","link":"https:\/\/www.startupsmart.com.au\/uncategorized\/startup-that-ranks-startups-coming-to-australia-startupsmart\/","title":{"rendered":"Startup that ranks startups coming to Australia – StartupSmart"},"content":{"rendered":"
\"\"<\/div>\n

Oddup is a startup about startups.<\/p>\n

Founded by Australian James Giancotti, the Hong Kong-based company ranks startups so potential investors have a better idea what business to back.<\/p>\n

Oddup launched in Asia earlier this year and after securing $US1 million in seed funding, they\u2019re preparing to start operations in Australia too.<\/p>\n

Over 50,000 customers are already using the platform to access analysis of startups\u2019 recent activity and future valuation, and Giancotti says there\u2019s a hunger for the product in Australia\u2019s startup ecosystem.<\/p>\n

\u201cIf I look at Sydney, there\u2019s a lot of traditional investment bankers who work full-time but are very interested in the startup space,\u201d he says.<\/p>\n

\u201cBut they just don\u2019t know what they don\u2019t know.
\u201cWe\u2019re providing you due diligence on a company when you know you don\u2019t have the bandwidth to do it yourself.\u201d<\/p>\n

The good, the bad and the ugly<\/b><\/p>\n

The platforms looks at a startup\u2019s product growth, location, team, industry and competitors to determine its score, which means it can then be ranked against similar companies locally or overseas.<\/p>\n

Giancotti says those that rank poorly should take it as productive criticism.<\/p>\n

\u201cIf we\u2019re telling you that your company is not doing the best, then look at our analysis and see why we think that,\u201d he says.<\/p>\n

\u201cMaybe you haven\u2019t got your target market, or there are 15000 of the same thing you\u2019re doing, or it has got no traction.\u201d<\/p>\n

For Giancotti, the best CEOs are the ones who focus on negative criticism, not positive feedback, and use it to improve their business.<\/p>\n

Odds in Australia\u2019s favour<\/b><\/p>\n

But he doesn\u2019t have many bad things to say about the Australian startup scene, calling the local ecosystem \u201cvery, very strong\u201d.<\/p>\n

Giancotti says one of the company\u2019s goals when it moves into Australia is to attract more investment, something he\u2019s seen start to occur more often Down Under.<\/p>\n

\u201cFor many, many years, there was a sense of \u2018you need to be in Silicon Valley\u2019,\u201d he says.<\/p>\n

\u201cBut what we\u2019re seeing the last three or four years is you probably need to be in China, or India and Australia, because that\u2019s where the world is turning.<\/p>\n

\u201cThey are actually better than the companies you see in the Valley because they have to be self-sufficient.\u201d<\/p>\n

A proud Melburnian, Giancotti is even hoping new city-by-city progress reports launched next month will spawn interstate rivalry between Victoria and New South Wales, all with the goal of encouraging new investment.<\/p>\n

\u201cAs a previous investor, one of my goals is to actually get investors who are on the fence to be part of it,\u201d he says.<\/p>\n

\u201cIf there\u2019s a lot more investors in the world, we\u2019d be over the moon.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

Oddup is a startup about startups. Founded by Australian James Giancotti, the Hong Kong-based company ranks startups so potential investors<\/p>\n","protected":false},"author":2,"featured_media":61565,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/posts\/38694"}],"collection":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/comments?post=38694"}],"version-history":[{"count":0,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/posts\/38694\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/media\/61565"}],"wp:attachment":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/media?parent=38694"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/categories?post=38694"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/tags?post=38694"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}