Co-founder of Australian VC firm CapitalPitch, Jeremy Liddle, has left his company to launch Singularity University’s (SU) flagship Global Startup Program (GSP) in the Asia Pacific region (APAC).
CapitalPitch launching $10 million venture fund to co-invest in startups raising through its platform
Fintech startup CapitalPitch has today officially launched Capital Pitch Ventures, looking to raise $10 million to co-invest in each startup that successfully raises through its platform.
The first local funding announcement of the year is here, with Sydney fintech startup CapitalPitch announcing that it has closed a $600,000 seed round led by Aaron Bertinetti and Trevor Folsom, director of Elevation Capital.
CapitalPitch is a new equity investment platform for startups looking to raise a Series A, but it also has an education element
Australian founders have long expressed a longing for an investment environment that supports startups throughout the entirety of their lifecycle. Seed capital and Series A funds are now easier to raise compared to five years ago, however only a small percentage of startups make it to Series A.
Sitting in an office thinking about sales will not generate revenue. You have to get up and get moving! So get out on the road and kick up a storm. Without taking action you are doomed to a fate of inaction and flat or declining revenue. The good news is that YOU don’t have to be the one that increases sales all the time! Look internally at your team. Do you have someone that you could delegate some responsibility to for this? If not, then look to your mentors. What can they do for you?
Running even a small business comes with a lot of dealing with customers, contracts, suppliers, and many types of people. Always look for the best people to deal with, trust that these people will deliver what was agreed upon, but make sure that everything is put into writing. Take time to put every transaction detail into writing before coming up with any agreement.
Successful people have two characteristics: they believe in themselves and they are always maintaining a positive disposition in everything. We hear a lot about these two things, yet somehow, these two things hide in the shadows when things do not go according to the plan, especially when emotions come into play. Yet when you look at genuinely successful people, these two things are predominant. To maintain these two powerful characteristics, you must be always proud of your achievements, regardless of how big or small they are. This should be your mindset.
Billionaire John Huntsman once said, “There are no moral shortcuts in the game of business – or life. There are, basically, three kinds of people: the unsuccessful, the temporarily successful, and those who become and remain successful. The difference is character.”
A new business is often built on sweat equity and financing from investors. It is the term used to define the contributions of a member of a company, whether it is an employee or investor. In most cases, the term is used for the owners of new businesses who often work without compensation in the early years before the company is profitable. Sweat equity can also be applied to employees of a company who accept reduced wage or no pay at all in exchange for a level of ownership in the company.
If you have a vision and passion for a business, you make it bigger than yourself and you aim for the best even when it means hiring people who are better than you. Here is an opportunity to put the ego aside and learn. Lose your ego and understand that as the founder you need to build the strongest possible team around you. Look for people who bring complementary skill-sets to your business and know more than you in particular areas.
A good business requires constant innovation and market adaptability. Strategic marketing also sometimes requires collaboration with other establishments to capture your market’s attention, especially when your business is new. Before being able to establish this collaboration whether with other establishments, potential investors, and even the media, you will have to divulge some information about your business to lay the outline of your goal for such collaboration.
The Enterprise Network for Young Australians (ENYA) is delighted to announce the appointment of Jeremy Liddle as its latest CEO (Chief Entrepreneur Officer) who is tasked with ensuring growth of the low interest, not for profit loan scheme that encourages young Australians to start their own business.
Being successful in business requires good leadership skills. One of the main characteristics of a good leader is aggressiveness. Aggressive leaders know how to get things done in a productive and efficient way. A good leader is not only aggressive. Being competent is equally as important as being aggressive.
Whether we’re talking ordering, inventory, P&L statements, payroll, tax requirements, or sales totals; if you don’t have the precise numbers to begin with, how can you possibly plan for the future or do damage control for mistakes of the past? Accurate numbers are not only desirable, they are mandatory if you are going to succeed. Hire a good accountant or your numbers will put you in hot water.
Cutting your administrative charges (also known as “selling, general and administrative expenses”) is a good way to increase profit, especially when the company is having a difficulty in increasing its sales. Review your internal policies and procedures and identify procedures that cost money and figure out ways to save some money. In the long run, your savings from this aspect will help your company achieve financial growth.