Looking back at my journey, there are many things I wish my 31 year old self had known then – many sleepless nights, heated arguments with my cofounder, and wasted energy and resources on things that were not worth it could have been avoided.
Just because the industry is still growing in Australia doesn’t mean that your startup can’t benefit from what creative tech has to offer.
Entrepreneurs in Asia start a company with a global market in mind, whereas in the US, most startups are focused on the domestic market.
Many companies struggle with innovation; a typical strategy for a large corporate that wants to be more innovative is to engage a corporate accelerator for its employees.
They’re our biggest trade customer and have a market economy worth more than AU$10 trillion, but China is no longer just interested in our trade. They’re interested in our startups.
Far too many startups approach their fundraising round in panic mode. They’re not ready, their businesses are not ready, and they don’t know what they need.
Arguably the most important facet of the experience was the collaboration and friendships that were made from working alongside other Aussie founders.
The excitement of a new cabinet or new leadership is waning for the startup ecosystem – we’ve been here before. Folks it’s groundhog day.
There is one thing that most efficient and enjoyable deals have in common: a well-structured data room that has been prepared in advance of fundraising meetings.
Scaling the startup ecosystem requires two necessary ingredients; 1) enough raw founder talent and 2) the resources, both venture capital and experienced individuals, to nurture growth. Scaling without enough of either creates a quality vs quantity dilemma.
Paul Bennetts, a former VC at Airtree Ventures and now a cofounder of Spaceship, on his first experiences running a team.