We’ve all seen the grim statistics: more than 90 percent of startups fail. It’s widely acknowledged that many of these failures are caused by “rookie mistakes”. Yet, having worked with hundreds of startup founders as a mentor and investor I continue to see the same mistakes made again and again. At the same time I […]
Brisbane will soon boast a new co-working space with the launch of The Cove in Newstead at the end of September. According to owner and director Courtney Norris, the experience has been designed to encourage creatives to be “brave in business” while eliminating their “Monday blues”. Norris told Dynamic Business that Brisbane has always […]
LaunchVic, the Victorian Government’s startup investment agency, has made available a new round of funding to attract world-class accelerator programs to Melbourne. LaunchVic is seeking to invest up to $3 million per application in the very best Australian or international accelerators and teams with proven track records for running accelerators. LaunchVic CEO, Dr Kate Cornick […]
Western Union’s president of global payments, Jean Claude Farah, has indicated the 116-year-old money transfer giant isn’t at risk of being usurped by FinTechs but does realise the value of partnerships, admitting “today, no one can do it on their own”. Farah told Dynamic Business that the global payments industry is undergoing change, citing disruptive […]
US television broadcaster CBS has entered a deal to acquire Network Ten, three months after the local network was placed into voluntary administration. In addition to channel TEN, CBS will assume control of digital television channels Eleven and One as well as digital platform TENPLAY. Leveraging Network Ten’s assets, CBS will also launch its digital subscription video […]
Concerns around governance, culture and accountability within the Commonwealth Bank (CBA) have prompted the Australian Prudential Regulation Authority (APRA) to announce an independent inquiry into the lender. According to APRA Chairman Wayne Byres, the panel would consider the lender’s frameworks and practices in relation to the governance, culture and accountability to determine whether they conflict […]
In the wake of their $1.1 million capital raise, property management startup MadeComfy has built out its senior team with three high-profile recruits to help sustain its growth rate in the short-term rentals market. MadeComfy currently manages over 300 properties across Sydney and has seen its revenue increase by more than 500% over the last 12 […]
Michael Nixon – a 14-year-old entrepreneur from Wagga Wagga, NSW – has out-pitched seven startups to be crowned the first-ever Australia Post Regional Pitchfest national champion. Impressing the judges with his innovation, The Amazing Annoyatron – an educational kit that introduces kids and teens to electronics and coding – the EduKits founder was awarded $7,500 […]
A new report into Victoria’s startup landscape reveals that a majority of ventures are revenue positive within the first two years but are not giving thought to an exit strategy. Commissioned by LaunchVic in collaboration with Startup Victoria and dandolopartners the report – titled Mapping Victoria’s Ecosystem – defines a startup as any business with […]
Networking with influential door-openers, eager to help female-led startups, helped the brains behind UrbanYou – an on-demand platform for household services – fast-track business growth, with their most recent feat being a $1m capital raise within the space of two weeks. To date, UrbanYou has facilitated over 20,000 services, totaling $3 million, for its 5000 […]
