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'If the founders we back are arseholes who behave badly, we’ve failed miserably': Airtree's Craig Blair clarifies 'deeply flawed' founders comments at Tech Council summit - Startup Daily
The clash between culture and capital - a ratio of tolerance between substandard behaviours and return on investment - is as old as entrepreneurship.
Why backing women founders is the smartest bet for investors - Startup Daily
LinkedIn News Australia recently interviewed me about the underrepresentation of women in the startup ecosystem. At first glance, the statistics paint a bleak picture; according to the Q3 Cut Through Venture report, only 4% of total capital raised in Australia went to female-only founded teams, and just 13% to female co-founded ventures. These dismal numbers... Read more »
Elon Musk's microblogging site tried to avoid a $610,500 Australian government fine because its name changed - but lost in court - Startup Daily
X’s attempt to have a $600,000 fine thrown out as it was issued to its previous company name has been rejected by an Australian court, in a significant legal win for the eSafety Commissioner. Federal Court of Australia Justice Michael Wheelahan ruled on Friday that X could not wriggle out of an Australian government infringement... Read more »
The NSW government is helping startups crack the Southeast Asia market - Startup Daily
NSW startups looking to break into the Vietnamese, Indonesian and Malaysian markets have the support of the state government thanks to deals that will launch coworking sites as bases in the three countries. The International Landing Pads program will give nine startups access to workspace, networks and services to scale in SouthEast Asia. In return NSW... Read more »
Corporate regular ASIC wins its compliance fight with crypto exchange Kraken - Startup Daily
A margin trading product offered by cryptocurrency exchange Kraken failed to meet its legal obligations under Australia’s Corporations Act, a Federal Court judge has ruled. The judgment hands a rare win to corporate regulator the Australian Securities and Investment Commission (ASIC) amid an ongoing focus on regulatory compliance in the crypto sector. Justice John Nicholas... Read more »