News & Analysis

5 things you should know about tech today

- November 21, 2019 3 MIN READ

The Dexus Brainwaves art installation in North Sydney.   Hello Thursday. One more sleep to StartCon. Let’s do this.   1. Meet your neighbours on Nextdoor This week’s episode of our new podcast, The Problem Solved, is up. We spoke to Sarah Friar, CEO of Nextdoor, the social media network that connects local neighbourhoods. Friar has… Read more »

Tyro
News & Analysis

The Tyro float: what you need to know

- November 20, 2019 2 MIN READ

Tyro CEO Robbie Cooke. Photo: supplied On the same day Prospa shares were hammered by the market for undershooting its prospectus forecasts, fintech rival Tyro revealed plans for an ASX float it hopes will value the company at more than AU$1 billion. The SME payments and loans provider, chaired by David Thodey, and around since… Read more »

News & Analysis

Australia’s Attorney-General says social media should be held as legally accountable as publishers

- November 20, 2019 2 MIN READ

Facebook, Twitter and other social media platforms should be treated as publishers, Australia’s Attorney-General Christian Porter believes, making them potentially liable for any defamatory comments published on the sites. The country’s senior lawmaker’s view is that “the playing field is not at all fair at the moment” for traditional media companies when it comes to… Read more »

News & Analysis

WiseTech shares plummet again after its short-seller launched another attack

- November 19, 2019 2 MIN READ

Shares in Sydney-based logistics tech co WiseTech Global (ASX: WTC) have fallen more than 6% in early trade today, amidst the company’s AGM, as China-based short-selling nemesis J Capital launched a fresh attack on the credibility of the business. WiseTech shares fell more than 10% to below $26 on Tuesday morning, despite an upbeat presentation… Read more »

News & Analysis

The ACCC is worried about data privacy from tech takeovers by Facebook and Google

- November 19, 2019 3 MIN READ

The growing power of Facebook, Google and other tech companies as they swallow smaller rivals has Australia’s competition watchdog, the ACCC, worried about the threat to consumer data and privacy. Speaking at the Consumer Policy Research Conference Conference in Melbourne today, Australian Consumer and Competition Commission chair Rod Sims said Google and Facebook “are essentially… Read more »

News & Analysis

Mike Cannon-Brookes is backing a $30 million VC fund to make Australian farming greener

- November 18, 2019 2 MIN READ

Atlassian’s Mike Cannon-Brookes and his wife Annie are backing a new $30 million venture fund to make agriculture more energy efficient and reduce carbon emissions. The Tenacious Ventures fund will invest in early-stage startups focused on the agricultural supply chain. The Cannon-Brookes family are backing the fund via their private investment vehicle, Grok Ventures, with… Read more »

News & Analysis

5 things you should know about tech today

- November 15, 2019 3 MIN READ

Just remember Sylvia and Gerry Anderson had a woman based on the moon by 1999 back in the mid-70s. Image: Space 1999. Got that Friday feeling? Remember it’s just 39 sleeps to Christmas. 1.  WeWork’s death predicted  WeWork’s rapid expansion included how much money it’s losing, with The New York Times reporting the company’s losses were… Read more »

News & Analysis

Melbourne’s Linktree makes CNBC’s 100 startups to watch

- November 14, 2019 2 MIN READ

Linktree co-founders Zaccaria, Nick Humphreys and Anthony Zaccaria Melbourne-based social media venture Linktree is the only Australian startup to make the cut in US business site CNBC’s list of the world’s most promising startups. The annual list by CNBC looks for the top 100 venture-backed startups globally with the potential to transform industries and become… Read more »

News & Analysis

New data reveals the boom in payments fintech as challenger Payright expands to New Zealand

- November 14, 2019 2 MIN READ

Payright co-founders Piers Redward and Myles Redward. Photo: supplied Australian payment plan fintech Payright is launching its buy now, pay later service in New Zealand in its first offshore foray. The buy now, pay later (BNPL) startup, typically for products prices between around $1,000 and up to $20,000, will start across the Tasman with direct… Read more »

News & Analysis

5 things you should know about tech today

- November 13, 2019 3 MIN READ

Welcome to Wednesday. Hope you’re feeling well. If not, try shouting “Hey Google, what’s wrong with me” and if they know. 1. Google is collecting US health data  The search giant is using the data of up to 50 million Americans from US non-profit health company Ascension as part of what it calls “Project Nightingale.” The… Read more »

News & Analysis

BlueChilli winds up early-stage investment to focus on scale-ups and Asia

- November 12, 2019 2 MIN READ

  One of Sydney’s leading startup accelerator and investment firms, BlueChilli, is shifting away early-stage startups to focus instead on scale-up companies instead, the company has announced. In response to the changing priorities of its corporate backers, BlueChilli will pivot in 2020, having expended the $10 million in the BlueChilli Venture Fund on early-stage startups… Read more »

News & Analysis

Education software startup Compass raises $60 million

- November 12, 2019 2 MIN READ

Compass Education co-founders John de la Motte and Lucas Filer Melbourne-based schools management platform Compass Education has landed $60 million in its first major raise, with private equity firm Advent Partners taking a minority share in the startup ahead of its international expansion. The school management software platform says it’s now used by more than… Read more »