Venture technology agency BlueChilli says it is on track to invest in 100 start-ups by 2016, after announcing it has joined forces with Deloitte Private\u2019s Entrepreneur Connect program.<\/p>\n
<\/span><\/p>\n <\/p>\n BlueChilli, led by Sebastien Eckersley-Maslin, combines software development, marketing, branding and business development skills with investments in online start-ups.<\/p>\n <\/p>\n Using this strategy, dubbed \u201cventure technology\u201d, BlueChilli has made 24 investments to date and is on track to invest in 100 start-ups by 2016.<\/p>\n <\/p>\n A key part of this plan is a new partnership with Deloitte Private\u2019s Entrepreneur Connect program, which encapsulates compliance, business coaching and connectivity.<\/p>\n <\/p>\n Under the agreement, this program will be offered to BlueChilli start-ups, which will have all of their bookkeeping and accounting services looked after by Deloitte Private.<\/p>\n <\/p>\n Deloitte Private will also tap into its broad network and client base to assist BlueChilli companies.<\/p>\n <\/p>\n \u201cJosh [Tanchel] from Deloitte actually approached us,\u201d Eckersley-Maslin told StartupSmart<\/i>.<\/p>\n <\/p>\n \u201cJosh is quite involved in the start-up space\u2026 We\u2019d met a few times and he pitched the concept to us, and we decided to explore it further.<\/p>\n <\/p>\n \u201cWe already have a couple of start-ups getting their books transferred across [to Deloitte] as we speak. They\u2019re pretty excited actually.<\/p>\n <\/p>\n \u201cDeloitte is able to do all their financial services for a few hundred [dollars] a month, so the cash outlay is quite low.\u201d<\/p>\n <\/p>\n Eckersley-Maslin says start-ups can already see the benefits of having Deloitte on board.<\/p>\n <\/p>\n \u201cThe advantage of having Deloitte as your bookkeeper and accountant has not gone unnoticed on them,\u201d he says.<\/p>\n <\/p>\n \u201cAll of our start-ups will do an angel round. The confidence it gives them and investors [is significant] because they\u2019re being looked after by a reputable organisation.\u201d<\/p>\n <\/p>\n According to Eckersley-Maslin, the partnership also enables entrepreneurs to focus on building their businesses, rather than worrying about compliance.<\/p>\n <\/p>\n \u201cIt is a boring thing for business founders and most founders don\u2019t like doing it,\u201d he says.<\/p>\n <\/p>\n \u201cThis is a program that has been developed to work with BlueChilli\u2019s process and it means that it will grow as our start-ups grow.\u201d<\/p>\n <\/p>\n Tanchel said in a statement the partnership with BlueChilli has enabled Deloitte Private to develop an \u201cinnovative gateway\u201d to its accounting, tax and business advisory services.<\/p>\n <\/p>\n \u201cThe business coaching support is particularly valuable, allowing start-up and early growth companies to access support and advice that goes beyond their statutory obligations,\u201d he said.<\/p>\n <\/p>\n \u201cThey will now have access to a wealth of experience and knowledge from across Deloitte Private\u2019s business advisors.<\/p>\n <\/p>\n \u201cWe\u2019re also looking forward to listening to the members of BlueChilli\u2019s start-up community to find out how else we can adapt our services and approach to better support their growth.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":" Venture technology agency BlueChilli says it is on track to invest in 100 start-ups by 2016, after announcing it has<\/p>\n","protected":false},"author":2,"featured_media":60182,"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\/42708"}],"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=42708"}],"version-history":[{"count":0,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/posts\/42708\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/media\/60182"}],"wp:attachment":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/media?parent=42708"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/categories?post=42708"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/tags?post=42708"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}