What if your insurer was tracking your online data to price your car insurance? Seems far-fetched, right? Yet there is predictive value in the digital traces we leave online. And insurers may use data collection and analytics tools to find our data and use it to price insurance services. For instance, some studies have found… Read more »
It was the veritable search for a needle in a haystack. With drug-resistant bacteria on the rise, researchers at MIT were sifting through a database of more than 100 million molecules to identify a few that might have antibacterial properties. Fortunately, the search proved successful. But it wasn’t a human who found the promising molecules.… Read more »
The first serious accident involving a self-driving car in Australia occurred in March this year. A pedestrian suffered life-threatening injuries when hit by a Tesla Model 3 in “autopilot” mode. In the US, the highway safety regulator is investigating a series of accidents where Teslas on autopilot crashed into first-responder vehicles with flashing lights… Read more »
The rout of Scott Morrison goes beyond the defeat of his government. It has left behind a Liberal party that is now a flightless bird. The parliamentary party has had one wing torn asunder, and its path to recovery will be difficult and painful. It has lost a clutch of moderates, and with them the… Read more »
Every week on the Startup Daily TV show, we talk to more than two dozen founders, CEOs, investors and experts about what’s happening in tech. Now you can catch the best of the show with the weekly podcast, SUDS. While Elon Musk continues to play chicken over his $60 billoin Twitter deal, he’s been using the… Read more »
Energy is the double-edged sword at the root of the climate crisis. Cheap energy has improved lives and underpinned massive economic growth. But because most of it comes from burning hydrocarbon fuels, we’re now left with a legacy of high atmospheric carbon dioxide (CO2) and an emissions-intensive economy. But what if we could flip the… Read more »
Over the course of a few days last week, we saw what was perhaps the most dramatic flame-out in the history of cryptocurrencies. Just a few weeks earlier, Terraform Labs the creators of the TerraUSD and Luna cryptocurrencies, was riding high. Luna was valued at US$86 per token on 5 May – down from the… Read more »
Ask any successful startup founder and they’ll tell you it didn’t happen overnight. It took countless hours, days, months, maybe even years to nail the idea, stick the landing, and hit crucial money milestones that make or break a business. Startup Daily and SAP® Concur® are bringing you a panel with some of Australia’s most successful tech… Read more »
The hardest conversation for an early stage investor happens when you choose not to follow on in a company you have invested in. This great tension is rarely discussed but lies at the core of the founder/investor relationship. We both know that these moments of decision will come and it matters how we handle it.… Read more »
In July last year, Brisbane-founded, US-based workplace productivity software startup Skedulo announced a A$100 million (US$75m) Series C from Japanese VC powerhouse SoftBank. In this special behind-the-scenes analysis, founder and CEO Matt Fairhurst and Skedulo chief of staff Nathan Merzvinskis reveal how they built the strategy behind the raise. You’ve made it — almost. Your… Read more »
In 2015, I found a cracker of a pub for sale. The price tag? Around $4 million. At that time, I didn’t have the funds to buy it myself, so I went to my network, pitched the concept, and all of them said, ‘Sure Steve, we’ll invest in that!’ Off the back of those… Read more »
Buy now, pay later market leader Afterpay posted a staggering $345.5 million loss after tax for the six months to end 2021, a 336% increase on the $79.2 million loss the fintech posted in the corresponding period in 2020. The figures are the first published by the BNPL since Jack Dorsey’s US payments platform Square… Read more »
Welcome to our new column by Main Sequence Ventures partner Phil Morle. Every fortnight Morle will share his wisdom and insights with Startup Daily readers and also discuss it on the Startup Daily show. His first column is part of the Venture Capital Primer for Scientists series, based on hundreds of workshops he’s given during… Read more »
Investors poured more than $71 million into 89 companies via crowd-sourced funding (CSF) in 2021, new analysis of the sector reveals. Nearly a third of that figure ($21m, 30%) flowed in the final quarter of the year thanks to a series of record raises. In 2021, the number of CSF offers completed rose by 82%… Read more »
We’ve now made 14 investments, and in almost all cases Galileo was the first VC investor in each startup’s pre-seed or seed round. We’ve backed some compelling early-stage companies and are on the hunt for more. If you’re raising your first round, you should apply now. A common pattern I’m hearing in some early-stage founders… Read more »
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