Australia’s most successful privately held technology company is betting on documents,virtual whiteboards and website design to justify its mammoth valuation.
Local start-ups accustomed to endless glowing magazine covers and uncritical coverage are having trouble adjusting to the souring of sentiment.
In a candid letter to investors,the venture fund Square Peg predicts more start-up failures,lower valuations and slower returns.
It turns out that venture capital has no idea what it is doing - and billions of dollars of investment are being burned up by the industry.
Around 60 financial services providers operated under the licence of Lanterne Fund Services,including entities linked to racing personality Tom Waterhouse and the TV show Shark Tank.
Confidential investment decks from Australia’s three leading venture funds show their dependence on Canva,which has question marks hanging over its $40 billion valuation.
The founders of tech community Earlywork are working on projects from hiring to a startup share house as they raise money and go full-time.
Superannuation fund Hostplus,a champion of venture capital investment in emerging technology businesses,is buying into payments start-up Zeller.
While venture capital cash comes easy to some startups,other founders are still grinding out hundreds of emails,calls and meetings as they seek the cash to get their dream businesses started.
Australian superannuation funds are starting to let assets they manage invest in crypto to chase the massive returns offered by the nascent sector.
In the first episode of Futurepreneur,national business editor John McDuling is joined by venture capitalist Nick Crocker to talk through what it’s really like to get a startup off the ground.