{"id":44854,"date":"2023-10-20T15:39:09","date_gmt":"2023-10-20T15:39:09","guid":{"rendered":"http:\/\/startupsmart.test\/2023\/10\/20\/angelcube-co-founder-adrian-stone-says-move-to-melbourne-and-get-10000-for-2-equity-startupsmart\/"},"modified":"2023-10-20T15:39:09","modified_gmt":"2023-10-20T15:39:09","slug":"angelcube-co-founder-adrian-stone-says-move-to-melbourne-and-get-10000-for-2-equity-startupsmart","status":"publish","type":"post","link":"https:\/\/www.startupsmart.com.au\/uncategorized\/angelcube-co-founder-adrian-stone-says-move-to-melbourne-and-get-10000-for-2-equity-startupsmart\/","title":{"rendered":"AngelCube co-founder Adrian Stone says move to Melbourne and get $10,000 for 2% equity – StartupSmart"},"content":{"rendered":"
\"\"<\/div>\n

The co-founder of AngelCube, Adrian Stone, is challenging 10 startups to relocate to Melbourne, and he\u2019ll give them $10,000 for 2% equity to do it.<\/p>\n

It might have begun as a tongue-in-cheek conversation with venture capitalist Mark Carnegie on Twitter regarding the Sydney or Melbourne startup capital debate, but angel investor Stone says the offer is on the table for any startup that\u2019s interested.<\/p>\n

\u201cAs soon as I put an offer on paper (or in this case on Twitter), I\u2019m serious. I don\u2019t muck around,\u201d he says with a laugh.<\/p>\n

\u201cAnd look, it\u2019s a great deal for me too because I get to pick and choose from the best startups in Australia. They get to have me on board as an advisor and they get $10k to help with relocation costs, and maybe explore some ideas before they go further.\u201d <\/p>\n

The offer isn\u2019t about Melbourne being better than Sydney. Stone says it\u2019s just his way of supporting the Melbourne startup ecosystem and more broadly Australia\u2019s. Interested startups should Tweet Stone (@smalltimevc) with a link to their AngelList profile. <\/p>\n

Carnegie was of the opinion that Australia doesn\u2019t need a \u2018startup capital\u2019 but will end up with one. But Stone disagrees, pointing to Israel\u2019s reputation as a startup nation, as opposed to the reputations of individual Israeli cities.<\/p>\n

\u201cStartups will gravitate to wherever it\u2019s best to do as a startup. I don\u2019t think there will ever be one place,\u201d he says.<\/p>\n

\u201cLook at Israel, we don\u2019t talk about Haifa, or Jerusalem, or Tel-Aviv, which are in their own rights are all amazing startup hubs. In the United States, of course the focus is on Silicon Valley, but we don\u2019t talk about New York as an amazing startup hub. And we don\u2019t talk about Boulder, Colorado, an amazing startup hub.<\/p>\n

\u201cSo there might be one we talk about more but who cares. In the long term it\u2019s about Australia competing, moving from the resource-based economy to a smart economy.<\/p>\n

\u201cWe should be taking our lead from places like Israel and Singapore, other small countries that punch well above their weight and produce jobs, and revenue and GDP in their startup space.\u201d<\/p>\n

Do you know more on this story or have a tip of your own? Raising capital or launching a startup?<\/i> . Follow StartupSmart on<\/i> Facebook<\/i>,<\/i> Twitter<\/i>, and<\/i> LinkedIn<\/i>.<\/i><\/p>\n","protected":false},"excerpt":{"rendered":"

The co-founder of AngelCube, Adrian Stone, is challenging 10 startups to relocate to Melbourne, and he\u2019ll give them $10,000 for<\/p>\n","protected":false},"author":2,"featured_media":59054,"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\/44854"}],"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=44854"}],"version-history":[{"count":0,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/posts\/44854\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/media\/59054"}],"wp:attachment":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/media?parent=44854"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/categories?post=44854"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/tags?post=44854"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}