As competition heats up in the venture capital space, it’s becoming tougher for VC firms to participate in funding rounds. Meanwhile, deep-tech startups face difficulties attracting ‘smart money’ in the seed stage because investors lack domain expertise and patience. These were some of the takeaway message from a panel discussion held at the Global Mobile Internet […]
A review of publicly available data on capital raises undertaken by Victorian startups and scaleups over the past five years shows that 385 firms closed 510 investment deals, worth a combined total of $790 million. Commissioned by LaunchVic, the dandolpartners review also found that: The median seed investment was $100,000 while the median angel investment […]
Choosing a monopolised market to enter with a new business idea is tough, most people find industries with a major dominant players and high barriers for entry an instant turn off. For instance, the NSW rice industry is the last remaining government controlled monopoly in Australia, meaning rice farmers don’t have control over where their […]
The Small Business and Family Enterprise Ombudsman, Kate Carnell, has floated the idea of a Government-backed approach to small business lending, modelled on the British Business Bank, to improve access to finance for SMEs. Kate Carnell told Dynamic Business that the tightening of prudential requirements by APRA and other regulators globally, following the Global Financial […]
Sydney fintech startup Waddle is expanding into New Zealand due to strong interest for its cloud-based funding software technology amongst SMEs from the neighbouring nation, its co-founders explained. Founded in 2014 by high-school friends Simon Creighton, Leigh Dunsford and Nathan Andrews, the SME lender integrates with accounting software platforms and provides businesses with a real-time view […]
This week, we launched our exciting, new initiative ‘Let’s Talk…’, which provides the entrepreneurial community with a forum to share rapid-fire views with you, our readers, every Wednesday. Our very first ‘Let’s Talk…’ theme, Raising Capital, saw us pose the question “What’s a sure-fire way to make an investor sit up and listen?” We received […]
The mantra of many successful entrepreneurs is the idea that you must spend money to make money. It is also one of the biggest reasons that some people fail to act on their business aspirations, because they believe that they don’t have the money required to take their business to the next level. I believe […]
The engineers behind rapid-growth mattress startup Sleeping Duck dived into the Shark Tank this week, but surfaced without a deal, after knocking back offers, worth half a million, from both Andrew Banks and Steve Baxter. As they told Dynamic Business, the ‘deal breaker’ wasn’t the equity each shark demanded; rather, they weren’t convinced either could […]
Peer-to-peer car sharing platform Car Next Door is seeking to raise $5 million from investors to capitalise on rapid growth over the last 18 months, during which it expanded from Sydney and Melbourne into Brisbane. Co-founder and CEO Will Davies told Dynamic Business that his start-up, which enables car owners to rent out their vehicles when they’re […]
In the process of completing a $100 million Series D round, US cybersecurity start-up CrowdStrike, which expanded into Asia Pacific last year, has onboarded Telstra Ventures as a new investor. Led by existing CrowdStrike investor Accel, the Series D Round brings CrowdStrike’s total funding to $256 million, with a valuation of over $1 billion dollars, […]
