Three $200 million Aussie funds have launched so far this year. Is this a welcome change in the weather for startups?

by 24 days ago.

The announcement that Blackbird Ventures had raised $200 million for its second fund was big news on September 15. Two days ago, SEEK cofounder Paul Bassat joined the $200 million club with his new venture capital fund. The fund is backed by major investors including James Packer, some super funds, and a plethora of other wealthy individuals also focused on investing in Australia’s startup ecosystem.

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StarNow has 3.5 million registered members and has never raised any capital

by 88 days ago.

Without a doubt, Wellington-based startup StarNow is one of the most well-known global success stories to come out of New Zealand in recent years. The tech company is a casting and talent platform for the entertainment industry that connects aspiring and professional actors, models, musicians and crew with casting agents and production companies.

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Trimantium Capital thinks there are huge gaps in the Australian VC sector that it is beginning to fill

by 91 days ago.

It is no secret that Australia has a venture capital problem. However, it would be remiss to say there aren’t people within the startup ecosystem that are doing their bit to help solve that problem. Five years ago, Australians had no where near the amount of access to seed capital as they do today; and though it is still early days, the access to Series A capital is beginning to improve.

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Australian startup founders need to stop breaking the law when it comes to internships

by 133 days ago.

Over the last few years as our startup ecosystem has grown, it has become common practice for startups facing financial constraints to ‘offer’ unpaid internship opportunities to more often than not younger aged people. A lot of the time these ‘internships’ are built on the hope that it will lead to a paid job in the company, or at the very least give the incumbent ‘free worker’ some really great exposure on what it is really like to work at a startup.

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