When can a startup rightly call itself scaleup and what value do scaleups and corporates derive from partnering with one another? Trent Bagnall, the co-founder of corporate accelerator Slingshot, provided Dynamic Business with answers. Bagnall said Slingshot doesn’t rely on the official OECD definition of scaleup, which is essentially a company with year-on-year growth of […]
Despite operating in an era where data-driven strategies are the norm, the founders of rapid growth start-up Pet Circle have come to realise that trusting one’s instincts can often lead to better results. Launched in 2011 under the name ‘Paws for Life’, Pet Circle (as it is known today) is the brainchild of Michael […]
Melbourne-based reusable cup manufacturer KeepCup has reported a 690% increase in sales enquires since the final ABC’s three-part documentary series War on Waste concluded last week. Presented by Craig Reucassel of The Chaser fame, the series finale focused on Australia’s coffee industry and highlighted the fact that 1 billion disposable cups are sent to […]
Sydney-based logistics start-up Shippit has declined the opportunity to close a $5m Series A funding round, instead settling for a more modest $2.2 million from a line-up of new investors. Co-founders Rob Hango-Zada and William On originally sought to raise $3 million for the shipping management platform they launched to market in February 2015. […]
Determining the right marketing budget for your business can be difficult – it’s a fine balance between not spending enough and spending a lot more than you need to to be effective. The first thing you should do is look at your budget and how much you CAN afford to spend, before assigning numbers to different […]
As part of its Businesses of Tomorrow program, Westpac has today recognised 200 ‘outstanding’ businesses, including 20 ‘high-potential’ organisations, that have “demonstrated a clear vision to shape Australia’s economy… as it transitions to a services and knowledge-based economy”. The 200 ‘Businesses of Tomorrow’, which have a collective turnover of approximately $2 billion per year and […]
Melbourne start-up MyDeal.com.au has closed a $5 million funding round with strategic investment firm Gandel Invest. Launched in 2012, the fast-growing online marketplace has, until now, been entirely bootstrapped by founder, CEO and serial entrepreneur Sean Senvirtne. He spoke to Dynamic Business about why the time was right to inject capital into MyDeal, which has grown […]
The South Australian sole trader behind sustainable mini-garden start-up Fleurieu Gifts was crowned the winner of the inaugural PACK & SEND Small Business Logistics Grant on Thursday night following an all-female final. Charlene Maney, who quit the corporate world in 2014 to found Fleurieu Gifts, prevailed over seven other female entrepreneurs to win the prize. She […]
This may be a passage from Lewis Carroll’s novel Alice’s Adventure in Wonderland but it perfectly sums up the strategic approach of many Australian businesses… “Would you tell me, please, which way I ought to go from here” said Alice. “That depends a good deal on where you want to get to”, said the Cat. “I don’t much care […]
Tom Caesar co-founded Positive Group, a financial services provider, with his father Mark in 2009. The duo, both veterans of the industry, initially operated the start-up out of their home office in Adelaide. Rather than take out a loan or engage investors, they resolved to bootstrap the operation. This decision, together with the company’s transformation […]
