One of Jason Calacanis’s personal theories is that a great founder can come from anywhere, he said, and the founders he met in Australia surpassed his expectations. One note, though: think bigger.
Although there were varying opinions on the open-sourced legal document templates created by Australian VCs, most lawyers agreed that the terms presented in the templates are more appealing to investors than startup founders, and that startup founders should seek legal advice and negotiate important amendments.
BDS.com.au, a mobile deal and loyalty provider, is celebrating AUD$500,000 in angel funding led by Brisbane Angels. BDS intends to use the funds to accelerate the development of their Bluetooth Low Energy beacon technology for their Zippy loyalty App, and the continued growth of retailer engagement across their home city of Brisbane, Australia.
If you have a business in the high-tech space that is looking for funding, you might be interested in pitching at Innovation Bay’s Angel Dinner in Sydney on Tuesday, 21 May.