{"id":45665,"date":"2023-10-20T15:45:26","date_gmt":"2023-10-20T15:45:26","guid":{"rendered":"http:\/\/startupsmart.test\/2023\/10\/20\/techsydney-to-launch-500000-crowdfunding-campaign-how-the-tech-supergroup-has-been-evolving-since-day-one-startupsmart\/"},"modified":"2023-10-20T15:45:26","modified_gmt":"2023-10-20T15:45:26","slug":"techsydney-to-launch-500000-crowdfunding-campaign-how-the-tech-supergroup-has-been-evolving-since-day-one-startupsmart","status":"publish","type":"post","link":"https:\/\/www.startupsmart.com.au\/uncategorized\/techsydney-to-launch-500000-crowdfunding-campaign-how-the-tech-supergroup-has-been-evolving-since-day-one-startupsmart\/","title":{"rendered":"TechSydney to launch $500,000 crowdfunding campaign: How the tech supergroup has been evolving since day one – StartupSmart"},"content":{"rendered":"
Sydney startup supergroup TechSydney is set to launch a $500,000 crowdfunding campaign as it aims to make the city one of the best 10 tech ecosystems in the world.<\/p>\n
After initially announcing plans to raise $2 million, TechSydney co-founder Dean McEvoy says the revised goal will help the independent industry group demonstrate its value to members before embarking on a larger capital raise.<\/p>\n
The crowdfunding campaign will be officially launched next Tuesday, but McEvoy says some money has already been raised from initial members.<\/p>\n
\u201cI still think $2 million is what we need but we\u2019ve broken that down to demonstrate what we can do with $500,000,\u201d McEvoy tells StartupSmart<\/em>.<\/p>\n \u201cIf we can raise that and deliver in 90 days then people will see value in us and we\u2019ll continue to fundraise throughout the year to deliver on the initiatives.\u201d<\/p>\n If the funding is raised, the first 90 days of TechSydney\u2019s operations will focus on fixing two key problems faced by startups, McEvoy says.<\/p>\n \u201cTalent was the number one issue, so we\u2019ve been building some specific initiatives around that to get more people into the industry and make those people able to be hired,\u201d he says.<\/p>\n \u201cThe other one was peer learning. As a founder of a high-growth tech company, how do you get better?<\/p>\n \u201cThose will be the two areas of focus in the first 90 days and they seem to resonate pretty well with people.\u201d<\/p>\n TechSydney was launched in May this year<\/a>, bringing together some of the biggest names in the Australian tech community, including Atlassian, Airtree Ventures and Canva.<\/p>\n