Category

Investment
SINGAPORE. 13th March 2018 – Australia’s largest tech accelerator BlueChilli today announced a three year partnership with Singapore-based data-driven venture firm Hatcher+ to co-invest and build 240 global startups. The partnership was made after Hatcher+ completed an extensive, year-long due diligence of BlueChilli’s accelerator program. “We seek to partner with the best accelerators around the...
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Investors now have another reason to back startups with new tax deductions and capital gains tax exemptions through Australia’s leading accelerator program now that BlueChilli has been approved as Australia’s first Early Stage Investment Company (ESIC) eligible accelerator program by the Australian Tax Office (ATO) through a private ruling. Under the ATO rules, sophisticated investors...
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(The following advice pertains to Australian tech startups in 2017. The future may be different and other markets [eg SF] definitely are different.)  Short answer: You can raise investment with a SAFE note or convertible note in Australia, but you may find it harder to raise your round. Longer answer: In a priced equity round,...
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Recently I’ve been alarmed at a growing number of consulting firms who are launching “accelerator programs” to attract startups.  A recent one even boldly proclaimed that they took no equity and no fees, where the value prop was more about the sexy office and “introductions” to “investors”.  Apart from the obvious oxymoron of a consulting firm...
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One of the more interesting parts of my job is I get to meet with a lot of people. Potential investors, suppliers, angels, institutional investors, corporate parters etc.  And a question I get all the time is “what is my favourite startup” in our portfolio.  Of course, I love all my children equally, but I usually...
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We’re proud to share the news that cyber security portfolio startup, ResponSight has raised a US$880,000 round led by Carthona Capital. The round also included a follow-on investment from Black Sheep Capital. ResponSight’s technology detects hackers using behavioural analytics, using differences in user activity to proactively alert and isolate threats. Based out of Melbourne, ResponSight earlier raised US$57,450...
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Once you’ve raised capital, you’ll have shareholders.  Quite likely, these shareholders have invested their money to get a return.  But more-often-than-not, at the seed or angel round, they’re also really interested in investing their time to help you help them get that return.  So it’s good practice to do regular and quality shareholder updates. Updating investors is important...
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I’ve seen quite a few pitch decks now, and one thing I see quite frequently is how often the terms pre-money and post-money valuation are confused and inconsistency when expressing a valuation as a percentage. So let’s clear a few things up. Pre-money is the current valuation of the company before the investment.  Post-money is the...
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What’s the one thing that startups crave more than capital? Customers. Too often we seem to focus on capital intensive startups with multiple rounds of VC and celebrate their high paper valuations.  The “lack of VC” is a common gripe in the Australian startup landscape.  But you know what there is more a lack of? Customers....
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In a recent ASX announcement from Collaborate Corporation Limited (ASX:CL8) (a major investor in BlueChilli startup FundX) has announced that FundX has made significant progress since its soft launch in September. Enquiries for over $1m in loans have been received and five loans have been advanced, representing more than 20% of the value of the...
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