A transition from plastic to digital licensing will take place over the next four years in NSW if the Coalition government is re-elected. All licences would go digital over the next four years, says Minister for Finance & Services Dominic Perrottet. [Source: ComputerWorld]
Global giant Uber and Aussie startup goCatch are the two dominant players in taxi-tech in Australia, battling it out for supremacy in our capital cities. We put the two big players, Uber and goCatch, to the test to see how they stack up. [Source: TheHipPocket]
When it comes to startups and entrepreneurship, most of the narrative in the past years have been focused on Silicon Valley. 2014 is the year where Southeast Asia proved itself to be a worthy challenger to the lead role, and people are beginning to take notice. [Source: TechinAsia]
Tobias van Schneider lives his life like one big side project. Today, he designs and builds new products for Spotify in New York, but he couldn’t have predicted that when he dropped out of school at age 15 to work as an apprentice in a computer shop in Austria. He couldn’t have predicted that when he applied to graduate schools and design schools and was told repeatedly that he didn’t have enough training or talent to build a career. [Source: FirstRound.com]
Steve Blank recently got a call from Patrick, an ex-student he hadn’t heard from for 8 years. He’s now the CEO of a company and wanted to talk about what he admitted was a “first world” problem. His company was at about 70 people with $40 million in annual revenue, but he had only just started to realize that further growth would take increasingly hard decisions, parting ways with early employees and pivoting smart. He wasn’t sure how to proceed. [Read the full story on First Round Review].
It happens all the time. A founder surrounds him or herself with a skilled group of advisors — maybe one or two from investors, a trusted mentor from their past, perhaps someone influential who can open doors. But as the company grows and pivots, it becomes clear this is not the best team to create long-term value. Can this situation be avoided by choosing advisors more wisely? Can it be turned around once things aren’t great? [Read more on: First Round]
Life as/in a start-up is already a challenge, but some daring entrepreneurs add even more of a challenge by solving a customer problem/job in a two-sided market. Put simply: in a two-sided market there are two sets of customers for the company. The value proposition needs to be appealing to both for the company to succeed and the value of the product or service also increases as the number of customers grows – network effect. [Source: LinkedIn]
No matter what language you speak, emojis can feel like a universal mode of communication. Whether your spirit shape is a smiling poop or a Karl Lagerfeld kitty, there are emojis for almost every sensibility. But according to designer Rebecca Evie Lynch, there aren’t any emojis that can speak specifically for introverts. [Source: FastCoCreate]
When Tasso Roumeliotis started Location Labs in 2001, the dot-com collapse had left a smoking, desolate venture capital landscape in its wake.
Google Maps began life as a thought bubble expressed as a series of random scribbles on a whiteboard, scrawled in 2004 by Australian software engineer Noel Gordon, one of the four men who founded the Sydney-based digital mapping start-up Where 2 Technologies. [Source: Medium]
Ryan Freitas, the cofounder and chief product officer, is leaving About.me. Jeffrey Veen, an adviser to the company and design partner at True Ventures, will step in to help the company as it transitions to a new product chief. [Source: Venturebeat]
Online education platform OpenLearning.com has landed an additional $1.7 million in funding to expand its offering into Asia. [Source: Business Insider]
You’ve probably heard about Slack’s exponential growth. And you may have read about how the internal-communication platform — now just two years old — is already used by more than 30,000 teams and valued at over $1 billion. [Source: FirstRound.com]
In 2014 there were 733 Series A rounds raised by U.S. seed stage startups (excluding biotechnology, pharmaceuticals, cleantech and energy startups for this analysis).
The median Series A round size was $5M (average was $7.2M), and the median team size was 15 people at the time the round was announced, suggesting this might be the minimum viable team size for investors targeting a “run the fund” outcome (or at least 3x return). [Source: Mattermark.com]