News & Analysis

One of the most famous names in Australian music just backed live gig app Muso in a $1.5 million seed round

- October 29, 2019 3 MIN READ

Muso co-founders Alan-Jin, Brandon Crimmins and Jeremiah Siemianow. Photo: supplied Muso, an online marketplace app for emerging musicians find live gigs, and help venues recruit new talent has raised $1.5 million in seed funding. The support came from Investible a new impact investment fund Alberts Impact Capital, created by the legendary music publishing business Alberts (who… Read more »

News & Analysis

Australians spent up to $1 billion on Netflix last year, but it cost the streaming startup very little in tax

- October 28, 2019 < 1 MIN READ

A Netflix subscription costs between $120 and $240 a year. But when you buy one in Australia, paid in Australian dollars, for the Netflix Australia service, the seller is actually a Dutch-based subsidiary of the US-listed global streaming giant. The money goes straight to the Netherlands, which may partly explain why the company paid just… Read more »

News & Analysis

5 things you should know about tech today

- October 28, 2019 2 MIN READ

Hello and welcome to Monday. Here’s how the week starts.   1. Behind the Faraday Grid implosion Faraday Grid, a Scottish energy tech startup led by former ACCI board member and Australian economist Andrew Scobie, blew up in August, just months after WeWork’s ousted founder, Adam Neumann, put US$30 million (AU$44m) into it, valuing the… Read more »

News & Analysis

Founders respond to the Senate’s fintech and regtech issues paper

- October 25, 2019 5 MIN READ

Liven co-founder Grace Wong The Australian Senate’s Select Committee on Financial Technology and Regulatory Technology released an issues paper  this week ahead of its inquiry into the sector. The committee will look at the size and scope of the opportunity for Australian consumers and business arising from financial technology (fintech) and regulatory technology (regtech); barriers… Read more »

News & Analysis

Australian Computer Society members just voted to make their association a company

- October 25, 2019 2 MIN READ

ACS members have voted to become a company in major overhaul of the organisation’s governance. The association for Australia’s technology profession held a Special General Meeting to vote on the changes today with 75.1% of eligible voting members backing the plan to move to change the governance  and the organisation’s name to the ‘Australian Computer… Read more »

News & Analysis

This Australian movie startup wants to join the streaming ‘arms race’ with low budget films

- October 25, 2019 2 MIN READ

Geoff Moore, Tony Nikolakopoulos and Jay Grant from Reel House Productions. Movies sell a certain magic – a champagne for the eyes, yet for the most part the industry is more 4-litre cask wine. An Australian film production company Reel House Productions believes there’s still a fortune to be made making films as streaming services invest… Read more »

News & Analysis

5 things you should know about tech today

- October 24, 2019 3 MIN READ

  Thursday time. And The Neumann Show episode CLXXVI.   1.  WeWork set to cut 4000 staff A day after details of SoftBank’s whopping US$9.5 billion WeWork bailout, which includes a $1.7bn golden parachute to the pilot who crashed the co-working plane, founder Adam Neumann, it looks like 4000 staff, around 30% of the 14,000 employees… Read more »

News & Analysis

Artists e-commerce startup Redbubble’s shares have soared as it posts another profit

- October 24, 2019 2 MIN READ

Redbubble CEO Barry Newstead. Photo: supplied ASX-listed online marketplace Redbubble, which sells t-shirts, mugs and art by independent artists, has seen its revenue jump 37% to AU$70 million in the first quarter of FY2020, posting a massive turnaround in its profitability on 12 months ago. Shares in the business (ASX: RBL) have doubled in value… Read more »

News & Analysis

WiseTech’s boss hits back again on short-seller report – and its shares surged

- October 23, 2019 3 MIN READ

  Logistics giant WiseTech’s battle with Chinese short-seller J Capital, which claims the tech unicorn exaggerated profits and revenues, went another round today with CEO and founder Richard White (pictured above) calling the allegations “self-serving” and rejecting them all in a second, detailed response to the ASX. “WiseTech rejects the claims of financial impropriety and… Read more »

News & Analysis

5 things you should know about tech today

- October 23, 2019 3 MIN READ

Katy Barfield, CEO of tech-based social enterprise Yume. Hello and happy Wednesday. Here’s what’s going down.   1. Softbank bails out WeWork, giving its founder a $1.7bn golden parachute to go away Remember Michael Douglas as Gordon Gekko in Wall Street? Who’ll play Adam Neumann in the movie about the WeWork clusterf*&%? After investing more… Read more »

Brains Trust

10 questions to ask when you’re in a job interview

- October 22, 2019 3 MIN READ

One of the most challenging parts of an already nerve-wracking interview is thinking of your own questions. It’s a crucial part of any interview and often, candidates are so prepared to nail the rest that they’ve completely forget or ask questions with minimal relevance. “We’ve noticed that many people often have little to ask of… Read more »

News & Analysis

Cybersecurity giant Trend Micro buys Sydney startup Cloud Conformity for $100m

- October 22, 2019 < 1 MIN READ

Michael Watts, Cloud Conformity CEO & co-founder and Kevin Simzer, Chief Operating Officer, Trend Micro. Tokyo Stock Exchange-listed cybersecurity firm Trend Micro has bought three-year-old Australian software startup Cloud Conformity for US$70 million (AU$102m).  Cloud Conformity, launched in Sydney in 2016 and US-headquartered, offers infrastructure security, compliance and optimisation on public cloud through Microsoft Azure… Read more »