This evening Slack confirmed with Venture Beat that it had raised $200 million in funding at a post-money valuation of $3.8 billion. The round led by Thrive Capital, also saw Comcast Ventures, Accel Partners, GGV, Index Ventures, Social Capital and Spark Growth as well as a handful of others participate in the round.
I’ve been in the Bay Area for almost two years and the biggest learning curve I see for Aussie founders centres on the business culture and the subtle, unwritten rules that exist in the tech industry here. One of the most nuanced cultural differences is around how to get and make introductions.
New Zealand-based startup investor David Moskovitz says cities shouldn’t be trying to replicate Silicon Valley
It was in 2002 when Californian-born, New Zealand local David Moskovitz sold one of the country’s earliest web technology businesses and began to use the proceeds from that sale to help develop New Zealand’s startup ecosystem.
‘Virtual incubator’ Zana wants to democratise entrepreneurship by providing global entrepreneurs access to Silicon Valley’s best
Silicon Valley-based entrepreneur and venture capitalist Shea Tate-Di Donna agrees now is the perfect time to be an entrepreneur, however feels resources for entrepreneurs are not equally accessible to people of all backgrounds. Her latest venture Zana aims to ‘democratise entrepreneurship’ in developed and emerging economies, so that people – regardless of their age, gender, race or sexuality – have the best chance of building successful businesses.
Big money and even bigger egos are colliding in the tech world’s new company towns. No amount of parks, bike lanes, free buses or other community benefits could make up for the fact that Mountain View is apparently uncomfortable with being a company town. [Source: Next City]
As the demand for tech labor grows, ambitious teenagers are flooding into San Francisco. There’s no official tally of the number of teens who work in tech, but Fontenot estimates that there are as many as a hundred recent high school dropouts working on startups in the city. [Source: The California Sunday Magazine]
Indian startup Freshdesk has just announced a $50 million Series E round and plans to expand its operations in Australia.
Ping pong has become somewhat synonymous with global startup ‘culture’ today, in fact entire movements have been launched because of the deep connection between the startup world and our love of the game.
Silicon Valley generally believes it’s the ideal place to be for all software developers. With an increasingly global map of startup hubs, Silicon Valley needs to look not just at the factors bringing talent in, but also the negative factors diverting talent elsewhere. When a hub’s defining trait is optimism, is any time spent thinking of the darker side of foreign founders’ life in Silicon Valley? [Source: TechCrunch.com]
Overnight, it was announced that Mattermark has closed a US$6.5 million Series A funding round.
A noteworthy aspect about this recent funding round is the two Silicon Valley heavyweights that have now become part of the Shoes of Prey family.
The latest startup to join the billion dollar club (which feels like is something happening every other month these days) is Slack, the enterprise focused collaboration platform founded by entrepreneur Stewart Butterfield.
Rob Rhinehart, Silicon Valley-based software engineer and creator of the supposedly nutritious, taste-deprived goop Soylent, sacrificed his health in pursuit of something quite ambitious – saving the universe from drying out.
Look, I get it folks – the obsession Australian startups have with Silicon Valley is in a lot of ways healthy. Striving to attain the level of success they have there is a good thing, and pushing our ecosystem to perform at its best is never going to be viewed as anything less than admirable.
Every region dreams of becoming an innovation hub like Silicon Valley – the foundation for tomorrow’s startups. But none have been able to successfully recreate the ‘magic’ that inhabits the region.