Oz Startup News – Wednesday, 16 May 2018


Daily Digest

What ‘pisses off’ Shark Tank stars

The Shark Tank judges have revealed the big mistakes contestants make when they pitch their ideas on the popular show.
Three of the “sharks” – internet investor Steve Baxter, Greencross founder Glen Richards and human resources pioneer Andrew Banks – took news.com.au behind the scenes ahead of tonight’s season premiere to explain what would-be entrepreneurs did to ruin their chances of making big bucks.
With Richards starting by saying he was still “really pissed off” by the number of contestants who didn’t know their numbers.
By News.com.au

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Your Mates Brewing Co, From Shark Tank To Equity Crowdfunding

Season 4 of Shark Tank Australia returned to TV screens last night and one company making their case for investment was Your Mates Brewing Co.
Stepping into the Shark Tank the Christen and Matt were looking to raise $750,000 for a 25% stake in their company at a $3 million valuation. And while none of the Sharks took a bite they are now turning their attention to Equity Crowdfunding!
By Startup Soda News

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A blockchain match made in Havven: Why intimate’s new partnership just made sense

Partnering with a fellow Melbourne startup is just one way of making the most of Australia’s buzzing blockchain space, according to Reuben Coppa, chief executive and co-founder of intimate, the cryptocurrency platform serving the adult industry.

Coppa tells StartupSmart that adult online entertainment was an industry ripe for the arrival of blockchain technology and cryptocurrency, which offers both anonymity and security. Back in February, intimate raised $4.5 million in a token pre-sale, ahead of its full initial coin offering (ICO), which kicked off in March.

By Smart Company

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How To Validate An Idea & Ensure You Solve An Actual Pain Point

Entrepreneur Abdo Raini writes “I’ve seen the rise and fall of over 50 startups first hand. If I had to choose one reason behind the success or failure of those startups it, would be market need. But here’s the deal with market need, it’s tricky.

A need for a solution in the marketplace doesn’t always mean opportunity because most problems are bearable.”
In this post, he looks at what you need to do to validate your idea before you launch!
By Abdo Raini in Startup Soda News

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Afterpay shares surge on US launch

Investors have cheered the arrival of Afterpay in the United States’ massive consumer market, where it is launching this week in partnership with lifestyle giant Urban Outfitters.
The company’s shares jumped as high as $7.68 before closing up 7 percent to $7.44.

By Clancy Yeates in the Sydney Morning Herald

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Quick Interviews With Founders & VC’s

Holly Stephens from Triangles has launched a Youtube Channel where she features quick interviews with the “who’s who” of the Startup Scene.

In her first few interviews, she speaks with Steve Baxter, Tim Draper, and Tashi Dorjee
By Holly Stephens Via Youtube

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Mike Cannon-Brookes taught me to code the same way he teaches his 7-year-old son — here’s what I learned

Atlassian put on a coding class at the CeBIT tech fair in Sydney the other day.
Co-founder and Co-CEO Mike Cannon-Brookes led the event and spoke with reporters afterward where he said “We would love to see a digital technology curriculum [in Australian schools]. Estonia, the UK has been doing this for years. We are well behind.”
Cannon-Brookes argues views also need to shift to the concept of life-long education rather thank thinking uni gradation is the end.


By Sarah Kimmorley from Business Insider

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Now to Launch receives VicLaunch grant to help refugees enter the food industry

A NORTHCOTE not-for-profit company is helping scores of refugees and asylum seekers get into the food industry.

Now to Launch currently has 12 entrepreneurs from nine countries developing business plans and after receiving a LaunchVic grant for almost $250,000, Mr. Bolotin said they would be looking to hire more support staff and use the money for seed funding for more business plans.
By Herald Sun

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Gold Coast entrepreneurs create their own super-fast broadband network

The founders of AFT Communications Adam Hargraves, Fernando Piozzi, and Trevor Coleman have already helped hundreds of residents and struggling local businesses. They’ve connected them with high-speed internet with download speeds of up to 1Gbps, up to 10 times faster than the NBN’s retail offering.


By Business News Australia

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