Oz Startup News – Thursday, 12 July 2018

The Sydney-Melbourne rivalry could stunt Australia’s startup growth, says StartupAus chief Alex McCauley     If Australia is going to become an internationally-recognised startup hub, Sydney and Melbourne will have to set aside their sibling rivalry and agree to share the spoils, according to Alex McCauley, chief executive of StartupAus. McCauley goes on to put forward a scenario in which an …

Oz Startup News – Wednesday, 11 July 2018

Bump in the road as bike share operators Reddy Go, ofo quit Sydney     Sydney cyclists will have one less bike share operator to choose from after Australia-owned company Reddy Go blamed red tape on its decision to quit the city. Reddy Go told users it was “restructuring” its business model due to “regulatory requirements” and members could collect …

Oz Startup News – Tuesday, 10 July 2018

Raiz (Previously Acorns) Has Tanked Almost 50% In 3 Weeks   Raiz Invest (previously Acorns Australia) has seen its share price slump almost 50% less than four weeks after listing on the Australian Stock Exchange. Unfortunately for investors in the company there has been little to celebrate since their IPO on 21 June. On Monday, Raiz Invest closed below $1 for the …

Oz Startup News – Monday, 9 July 2018

Zoox, Aussie led self-driving startup, closes in on $US3b valuation A secretive autonomous vehicle company, led by an Aussie, is in the process of restocking its war chest with hundreds of millions of dollars in fresh funding. And the nation’s most prominent tech entrepeneur is firmly behind it. Zoox, a California based autonomous vehicle company co-founded by a Melbourne designer, Tim Kentley-Klay, …

Oz Startup News – This Weeks Top Startup Posts

‘That sounds like bulls**t’: Shark Tank judges slam entrepreneur who got ‘ludicrous’ financial advice A BUDDING entrepreneur has been torn apart over a “bulls**t” valuation of her business by the Shark Tank judges, who warned she had been taken for a ride by her accountant. Darwin saleswoman Heidi Loy entered Tuesday night’s episode seeking a $260,000 investment for 10 per cent of …

Oz Startup News – Friday, 6 July 2018

Startup Muster opens collection period for 2018 survey Startup Muster has launched its 2018 survey and is calling for current and future startup founders, investors, and others in the community to take part. Now in its fifth year, survey participants in the survey will be able to see and connect with each other through Startup Muster’s Connection feature, which first launched …

Oz Startup News – Thursday, 5 July 2018

Why Data Is Critical In Assessing Your Startups Progress Stepping into the driver’s seat as a Startup Founder is already a challenging enough job. Why then would you make it harder and blindfold yourself at the same time? But, that’s essentially what you do if you fail to prioritise the collection and analysis of data generated by your users. Here’s …

Oz Startup News – Wednesday, 4 July 2018

The Ethos Behind Startup Soda And My Plan To Provide More Coverage To Aussie Startups   Paul Towers from Startup Soda writes: “When I started the Startup Soda newsletter two years ago I wanted to use it as an avenue to highlight first hand accounts, lessons and insight from Aussie startup founders, early stage employees and VC’s.”  But “I still find the amount …

Oz Startup News – Tuesday, 3 July 2018

Tech startup Unlockd gets a non-binding takeover offer   As administrators McGrathNicol works through the possibilities presented by the sudden liquidation of former tech startup high flyer Unlockd, Street Talk understands it has received the first of what it hopes will be much acquisition approaches. Invigor Group, the ASX-listed investment vehicle, run by former iSOFT executive chairman Gary Cohen, is …

Oz Startup News – Monday, 2 July 2018

How Kim Jackson is carving her own path beyond ‘Atlassian co-founder’s wife’   In the six short months since starting investment company Skip Capital, Kim Jackson has quickly become one of the most influential investors in the country. The trained engineer and former investment banker has made significant investments in seven start-ups with a focus on female-led and founded businesses. …