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.
FashionTech startup Mon Purse is proving itself to be a rising star in the mass customisation market with its platform that allows users to design their own handbags, clutches and totes.
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.
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.
Over the last few weeks, there has been a lot of talk about the Sydney startup ecosystem and why in the three years since the last Global Startup Ecosystem Ranking report was published, the city has dropped four places from 12 to 16.
The founders behind startup Couchelo have now parked that idea and entered the JFDI accelerator with a new venture QLC.io (Quarter Life Crisis), a career and lifestyle discovery portal for the millennial.
One of the most interesting initiatives that Creative HQ has been involved in recently would have to be the accelerator program that it ran for employees of the government.
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.
Although Australia Post are clearly being innovative with new products such as its digital mailbox, the communication and community buy-in surrounding these products are a serious issue. It has created a perception the organisation is perhaps not as innovative or forward thinking as it genuinely is.