Slingshot and UoN have announced the launch of the Icon Accelerator Program, which will look to support startups working within NSW’s Hunter region.
On-demand photography startup Snappr has announced today its expansion into the US with the opening of a San Francisco office and backing from YCombinator.
Kiwibank has announced the seven startups who will be participating in its New Zealand Kiwibank Fintech Accelerator program.
Although there were varying opinions on the open-sourced legal document templates created by Australian VCs, most lawyers agreed that the terms presented in the templates are more appealing to investors than startup founders, and that startup founders should seek legal advice and negotiate important amendments.
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]