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Floatspace founder Hugh Treseder and Ian Malouf.
Business

‘Airbnb for boats’ startup Floatspace acquired by billionaire Ian Malouf’s luxury yacht charter business

- June 19, 2024 2 MIN READ

Sydney-based Floatspace, the ‘Airbnb for boat experiences’, has been acquired by yacht charter business Ahoy Club. The terms of the deal were not disclosed, but Floatspace founder Hugh Treseder, will remain as CEO of the brand under its new owners. Ahoy Club was founded in 2018 by Sydney billionaire Ian Malouf and his daughter, Ellie,… Read more »

Politics

Here’s what the NSW Budget offers for startups

- June 18, 2024 2 MIN READ

If startups were hoping that after 15 months in power, the NSW Labor government would finally move from cuts to investment in the sector, the state Budget, released on Tuesday, is best summed up by a line from Dante’s Inferno as they enter hell: abandon all hope, ye who enter here. Across the entire budget,… Read more »

Daniel Mookhey
Business

Small business disappointed by NSW budget

- June 18, 2024 3 MIN READ

The centrepiece of the NSW government’s business support in the 2024-25 Budget is the expansion of the Service NSW Business Bureau. However, the lack of substantial assistance to counter the rising cost of doing business has left business advocates scratching their heads. To further the reach of the Service NSW Business Bureau initiative, the government has… Read more »

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Business strategy
tall trees, vertical, nature, Business strategy

How AI can turn a SaaS startup from horizontal to vertical

- June 11, 2024 6 MIN READ

TL;DR The last decade has been the ‘heyday’ for horizontal SaaS, and vertical SaaS has been comparatively quiet. What has held vertical SaaS back is simple: bad customers. Go-to-market motions in vertical SaaS have been stuck in clunky enterprise mode, while horizontal SaaS has consistently cracked product-led growth that has underpinned rapid and efficient scaling. AI is… Read more »

Funding
Funding

Breakthrough Victoria’s latest $15 million investment is bringing another US company to Melbourne

- June 19, 2024 2 MIN READ

Breakthrough Victoria, the state government’s $2 billion tech investment fund, is backing California-based Liquid Instruments with $15 million to bring the test equipment manufacturer to Melbourne. The 10-year-old firm, headquartered in San Diego, began life in Canberra, and builds cutting-edge test and measurement instruments used by engineers, scientists, and students, which can be reconfigured, saving… Read more »

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