#StartupSmart

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You can automate your finances. You can automate your marketing. Why not your meals?

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Helping entrepreneurs increase performance, productivity and profits. #savvyentrepreneurs #visionaries #ceos #founders NOREEN MASOKEWE #womeninbusiness #womenentrepreneurs #femaleentrepreneurs #businesswomen #businessmen #startups #smes #startupstories #startupsmart #smes #smartmoney #brandstrategy #biz #businessgoals #girlboss #bossbabe #brandstrategist #businessadvisor #businesscoach #internationalspeaker

[mikevrivera]

Uber chief backs out of Trump’s advisory council: “Joining the group was not meant to be an endorsement”

Uber chief executive Travis Kalanick has stepped down from the US presidential business advisory council, after intense criticism against the ride-sharing giant for its apparent support of President Donald Trump.

Following a leaked email in which Uber chief technology officer Thuan Pham called Trump “deplorable”, ongoing protests and campaigning to delete the Uber app, Kalanick has decided to back out of the council, of which major business leaders including Tesla’s Elon Musk and IBM chief executive Ginni Rometty are members.

In a memo provided to CNN, Kalanick says his decision was prompted by Trump’s executive order to prevent people travelling into the US from seven Muslim-majority countries.

“Earlier today I spoke briefly with the President about the immigration executive order and its issues for our community,” Kalanick says in the memo.

“I also let him know that I would not be able to participate on his economic council. Joining the group was not meant to be an endorsement of the President or his agenda but unfortunately it has been misinterpreted to be exactly that.

“The executive order is hurting many people in communities all across America. Families are being separated, people are stranded overseas and there’s a growing fear the US is no longer a place that welcomes immigrants.”

Earlier this week, global tech leaders from Facebook, Google and Atlassian expressed grave concerns about the order, which has affected HotelsCombined chief executive and British-Syrian citizen Hichame Assi who was due back to the US after a visit to Australia.

Read more: A word of advice for Australian startups in the aftermath of Trump’s “Muslim ban”

“These developments in the US are not only disruptive to our business and our people, they’re very troubling and are creating more tensions at a time when empathy is required,” Assi said, according to Business Insider.

Atlassian co-founder Mike Cannon-Brookes also spoke out.

“I am shocked and saddened by the impact these restrictions could have on not only Atlassian employees and their families, but all citizens whose dignity is being trampled,” he said.

Australian-Iranian (born in Aus, dual passports) 15 year old kid denied entry to US. Heading to? Spacecamp at NASA

https://t.co/t24bbwm3ig

— Mike Cannon-Brookes (@mcannonbrookes) January 30, 2017

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The post Uber chief backs out of Trump’s advisory council: “Joining the group was not meant to be an endorsement” appeared first on StartupSmart.

from StartupSmart http://www.startupsmart.com.au/news-analysis/uber-chief-backs-trumps-advisory-council-joining-group-not-meant-endorsement/

[maxgrowth]

https://www.smartcompany.com.au/startupsmart/advice/lessons-young-entrepreneurs-know-business/?fbclid=IwAR35Y5Sh2nIjhkPU4gJe5U9TEp1QkkKVtXJUvjMn3nlp8ncr1PnzXzkpm6U&mibextid=Zxz2cZ . There's no right or wrong in entrepreneurship. Where there's a will there's a way! . Be humble enough to know that you don't have all the answers. It's about learning as you go! . Maximising your growth with @maxgrowthhq #maxgrowth #right #wrong #entrepreneurship #humble #learning #accountant #bookkeeper #loveourwork #togetherwemakeadifference https://www.instagram.com/p/CqW6y-DPIFh/?igshid=NGJjMDIxMWI=

[hackernewsrobot]

Atlassian is 20 years old and unprofitable

https://www.smartcompany.com.au/startupsmart/analysis/atlassian-unprofitable-valuation-adam-schwab/ Comments

[whitebrd]

The startup lingo of killing, crushing and smashing things is all so negative, and the irony is it actually doesn’t represent the startup ecosystem at all. As builders and makers, we are nurturing, crafting and growing.

[pktapps]

5 Funding options to raise capital for your Startup

Every startup needs working capital and capital to get that boost start. Not all startup has the leverage of having the capital funds that are required. And that is the reason why most of the startups fail during their first year of establishment. We understand this need for financing your startup and that is the reason we have created a comprehensive list of the ways you can get funding for your startup.

1) Venture Capital

Venture Capital or VC’s are the high-end individuals or corporates or other groups who invest in the startups. The VC’s generally have huge funding capabilities and they look out for high ROI or huge potentials. Make sure if you apply for the VC you should have the project file & project vision and financial plan ready for the project. VC’s normally take equity in the startups, you might want to take that into consideration.

Funding rounds led by VC investment can be huge. The biggest Australian capital round last year saw HR startup Deputy (https://www.smartcompany.com.au/startupsmart/news-analysis/inside-111-million-deal-hr-startup-deputy-biggest-aussie-series-b/) raise $111 million in a round led by Silicon Valley VC IVP.So far in 2019, we have seen some more modest deals, with the Internet of Things startup GoFar (https://www.smartcompany.com.au/startupsmart/news-analysis/sydney-startup-gofar-1-3-million/) raising $1.3 million; software startup Curious Thing securing $1.5 million in seed funding; and, Kiwi edtech startup Kami completing a $1.4 million raise led by Aussie VC Right Click Capital.

2) Crowd Funding & Equity crowdfunding

Equity crowdfunding legislation was given the green light in Australia in March 2017, allowing individuals to invest small amounts into companies for small amounts of equity.

Many of the startups are opting in for the equity funding and they consider it to be a good alternative, but you might want to take into consideration getting your startup into private company might come with some complications at the same time this is a great way of allowing your customer to be part of your journey.

Last year, cinema ticket startup Choovie embarked on a campaign to raise $700,000, with founder and chief Sonya Stephen saying the idea was “to get our fabulously loyal customers to become shareholders".

In 2016, Melbourne headphone startup Nura completed the most successful Australian Kickstarter campaign ever, securing $2.5 million from almost 8,000 backers.

Now, Nura is a fully-fledged and well-funding startup, raising $21 million in an oversubscribed Series A round in November last year.

In 2017, Aussie product design startup Orbitkey ran four campaigns on Kickstarter, raising a total of $1.5 million for its flagship keyring product designed to make it easier to carry multiple keys at once.

We would recommend you to approach https://readyfundgo.com/ as they are expert people in helping you to get those funds across and help your startup with the required fundings.

3) Government Grants

Australian Government is supporting the startups by proving various grants to boost their morale and provide with motivation to start something exciting. The Entrepreneurs’ Programme, which replaced Commercialisation Australia and the Innovation and Investment Fund in 2014, aims to help businesses increase productivity and competitiveness with funding and access to a national network of private-sector advisers and facilitators.

CSIRO Kick-Start: Startups and SMEs keen to partner with Australia’s Commonwealth Scientific and Industrial Research Organisation (CSIRO) in research activities can get up to $50,000 in matched funding to help them further develop and grow their business. Kick-Start is a relatively new initiative, which started in early 2017. It aims to further drive Australia’s innovation output by supporting local startups “on their way to becoming Australian success stories".

Austrade Landing Pad: This initiative aims to give Australian startups a leg-up in the global market by immersing them in one of five world-class innovation hubs. Startups accepted into Landing Pads in Singapore, Berlin, Shanghai, Tel Aviv or San Francisco benefit from an on-the-ground presence in these markets plus access to their networks, talent, mentors and investors.

Biomedical Translation Fund (BTF): The Biomedical Translation Fund (BTF) was established by the federal government as part of the National Innovation and Science Agenda in December 2016, and was fuelled with $250 million of Commonwealth capital and an additional $250 million of a private sector capital. Currently, the fund is managed by three fund managers, including one from startup VC fund OneVentures. So far, 10 investments have been made through the BTF, including a $7.5 million investment in MedTech startup Global Kinetics in April this year. The largest, and most recent, investment was $22 million in Certa Therapeutics on June 5.

4) IPO & ICO’s

Well, generally speaking, IPO & ICO’s are the very traditional way of getting the funds and there are many challenges back & forth for the same. Especially in ICO’s, there have been facing trust issues as there are many Ponzi ICO’s which were launched around 2017. But there are still people investing in IPO’s and ICO’s.

You should be although very careful with the IPO’s and ICO’s. There are many restrictions on marketing aspects of the ICO’s by social media sites & Google as well.

5) Angel investment, Business Loans and Funding From Business Incubators & Accelerators:

Angel investors are typically high-net-worth individuals with particular expertise or interest in a specific industry or technology, looking to make an investment in it. Often, they will be keen to contribute to the startup’s success with skills, knowledge, and contacts. Some startups will rely on just one angel, but often once one reputable backer is on board, more support comes flooding in. Equally, there are several angel groups such as the Sydney Angels and women-focused network Scale Investors.

You could apply for small business loans if you are looking to raise a small amount of investment initially just to launch your MVP. Another option is to get funding from the Business Incubators & Accelerators. Early-stage businesses can consider Incubator and Accelerator programs as a funding option. Found in almost every major city, these programs assist hundreds of startup businesses every year.

These programs normally run for 4-8 months and require a time commitment from the business owners. You will also be able to make good connections with mentors, investors and other fellow startups using this platform.

You could approach Voyager Ventures & apply there as funding as they are the guys we would recommend you if you are looking for funding your startup.

[aggelemou]

Everything startup founders need to know about finding and keeping a mentor #governmentjob #unemployed #cv #resumewriter https://www.smartcompany.com.au/startupsmart/advice/startup-founders-finding-keeping-mentor/

[mikevrivera]

GoPro chief Nick Woodman reveals where the company “failed”, as its share price drops to $US8.50

As shares in US tech company GoPro continue to fall in value, the company’s chief executive has shared insights into why the brand’s time on the stock market has not been smooth sailing.

In an interview with CNBC, GoPro chief executive Nick Woodman says the company failed to keep up with market trends.

“Where we fell out a little a bit in our post-IPO years was that we failed to make GoPro contemporary and failed to align GoPro with the smartphone movement,” he said.

GoPro established its Australia-New Zealand headquarters in Victoria in 2015, 12 months after the company went public with an initial public offering share price of $US24.

When it launched operations in Australia, shares in the company had dropped to $US21.16.

Now, its share price is just over $US8.50 ($10).

But Woodman says GoPro can turn a profit this year.

“We’ve targeted cost reductions that get our spending down $[US]200 million from below 2016 levels. Now forecasting spending of [less than] $[US]495 million and that’s going to make a significant impact on our ability to achieve profitability in 2017,” Woodman said.

In the year ahead, Woodman said GoPro’s focus will be on producing new software solutions to appeal to the “dramatically” increasing number of consumers “sharing themselves online”.

“The smartphone has set a new bar for convenience and a new bar for how much work a consumer’s willing to put into sharing themselves,” Woodman said.

“You’re going to see over the course of 2017, it become less of a question of, ‘Should I use a GoPro or my smartphone?’, and more about using a GoPro with a smartphone.”

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The post GoPro chief Nick Woodman reveals where the company “failed”, as its share price drops to $US8.50 appeared first on StartupSmart.

from StartupSmart http://www.startupsmart.com.au/news-analysis/gopro-chief-nick-woodman-opens-up-as-share-price-drops-to-us8-50/

[search-the-market-blog]

Stay tuned with http://bit.ly/2Wyju0t13

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Huge news!

[yogeshmalik]

Australia could take a big slice of the billion-dollar regtech pie — if, and only if, the government keeps up - SmartCompany.com.au https://ift.tt/37EhucX

[cool-priya-us-blog]

Agtech startup Growave has secured $900,000 in seed investment to alter its weed-killing microwave technology. Founder Graham Brodie tells StartupSmart the breakthrough technology is over a decade within the creating. The growing would like for agtech: Weed management prices in the Australian agricultural scene are calculable to $2.5 billion each year. Part of the price is developing varied management strategies to tackle resilient weeds. In Australia alone, there is a minimum of twenty-five totally different species of weeds immune to ancient herbicides. Globally, weeds are getting progressively immune to glyphosate, the first ingredient in well-known herbicides like Monsanto's Roundup. After hearing concerning the increasing prevalence of pesticide-resilient weeds, Brodie used his background in microwave communication and energy transfer to form a property various to chemical treatments. "Whenever you set something that includes a ton of water in an exceedingly microwave, it starts to heat up. we are able to do an equivalent factor by projected energy onto the bottom," he explains.