Entrepreneur and angel investor Trevor Folsom is joining UNSW Founders program as Entrepreneur in Residence to support early stage startups.
Folsom is co-founder of Investible as well as Club Investible – its global network of active early stage investors – making more than 80 direct investments. He was an early investor in Canva and chairs the board of Car Next Door and as well as being a NED at Kip McGrath Education Centres.
As a founder he grew a sales tech startup with $10,000 in working capital to revenue of $100 million-plus, with 950 staff, before exiting with a sale to private equity.
Startup founders at UNSW Founders will have access to Folsom’s expertise, global network of investors, founders and ecosystem partners. He will also provide strategic advice to founders on idea validation, product-market fit, rapid scaling, capital raising and more.
David Burt, Director of Entrepreneurship, UNSW, said Folsom has a genuine understanding of the challenges entrepreneurs face building a global company, and what it takes for them to be successful.
“We are incredibly fortunate that Trevor shares our commitment to helping early-stage entrepreneurs during this time and has agreed to join us as Entrepreneur in Residence,” he said.
“Australia’s economic recovery from Covid-19 requires the creation of more than one million new jobs. We know from research conducted in both Australia and overseas that the overwhelming majority of new jobs are created by companies that are less than five years old.
“If we want rapid job creation in Australia, we need to support the people who are stepping up to start and lead new companies.”
Folsom said UNSW had made a clear and consistent commitment to supporting entrepreneurship.
“I’m passionate about helping entrepreneurs tackle the unique challenges that come with building the next generation of market-defining businesses,” he said.