Oz Startup News – Wednesday, 18 April 2018

Daily Digest State government rejects plans for Google HQ in Sydney The state government has rejected a plan to create a Silicon Valley-style technology hub on the old rail yards near Redfern, leaving tech giant Google once again searching for Australian headquarters. The hub, which would have created as many as 19,000 jobs, would have been Google’s new base but …

Oz Startup News – Tuesday, 17 April 2018

Daily Digest Unlockd pulls IPO plans as Google threatens company’s future with app ban   One of Australia’s hottest technology start-ups, Unlockd, has been forced to pull plans for an imminent ASX IPO after tech giant Google moved to ban its app and cut off one of its main revenue streams. The Google threats set up a digital David versus Goliath battle, …

Oz Startup News – Monday, 16 April 2018

Daily Digest The Aussie Tesla: Start-up plans to build electric cars in Australia   There are currently no Australian-made battery-powered carmakers manufacturing in Australia, but ACE Electric Vehicles plans to change that. The company, which started as GetGreen – an energy management company – before evolving into solar farm development and branching out into electric cars, says it wants to …

Oz Startup News – Week Ending 15 April 2018

This Weeks Top Ten Posts Behind Spaceship’s ASIC fine: drama, tension, and false funding news John McDuling dives deep into Aussie startup Spaceship and makes some remarkable claims about the company, including: “Late last year reports surfaced that Spaceship had raised $50 million from investors including Amplo VC…..the founder of Amplo said the reports were “erroneous” and that “Amplo has …

Oz Startup News – Friday, 13 April 2018

Daily Digest Behind Spaceship’s ASIC fine: drama, tension, and false funding news John McDuling dives deep into Aussie startup Spaceship and makes some remarkable claims about the company, including: “Late last year reports surfaced that Spaceship had raised $50 million from investors including Amplo VC…..the founder of Amplo said the reports were “erroneous” and that “Amplo has no investment in …

Oz Startup News – Thursday, 12 April 2018

Daily Digest Australian venture capital investment hit $130.5 million in the first three months of 2018 Venture capital investment in Australia reached $US130.5 million across 16 transactions in the three months to March, according to the analysis by KPMG. Significant deals included graphic-design website Canva’s $US40 million Series C funding round, which valued the Sydney-based startup at $US1 billion. Other …

Oz Startup News – Tuesday, 10 April 2018

Are our government initiatives enough to help young Australian startups? A healthy startup ecosystem is vital to any economy’s innovation and tech community, with many countries around the world investing vast amounts of money to ensure they are at the forefront of the industry. But with different countries prioritizing start-up and innovation sector growth in different ways, the unique and …

Oz Startup News – Monday, 9 April 2018

Daily Digest Vinomofo says the Glaucus comments on Blue Sky’s investment in the online wine business are inaccurate Digital retailer Vinomofo says research on its business by the short seller Glaucus Research, and referred to in its note on fund manager Blue Sky, is inaccurate. While Glaucus says the wine site will “likely run out of cash without further investment”, …

Oz Startup News – Friday, 6 April 2018

Daily Digest Not just a myth: Unicorns are helping to pour $1.6 billion into the Victorian economy For decades, the myth of the elusive unicorn has plagued popular culture. But the latest report from LaunchVic and EY proves that not only do they exist but that unicorns are part of a community of digital marketplace innovators contributing almost $1.6 billion …

Oz Startup News – Thursday, 5 April 2018

Daily Digest Three start-up myths get set straight Benjamin Chong from Right Click Capital writes that “Start-up founders tend to get bombarded with advice from all directions, be it bloggers, entrepreneurs, corporate veterans or service providers. In the flurry, it can be tough to work out what is useful or not.” In this first part of a two-part series Benjamin looks at: Bootstrapping v …