Episodi
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Summary
In this week's episode of The Startup Retro, host Will Richards and guest host Cheryl Mack from Aussie Angels and The First Cheque podcast break down the latest in Australia's startup and venture capital ecosystem. They cover Square Peg's ambitious new funds, the 2023 financial results of Linktree, and a groundbreaking partnership that will see hypersonic rocket launches from South Australian spaceports in 2025. The duo also discuss SafetyCulture's latest $75M raise, Algenie’s mission to replace plastics with algae, and interview Emma Grife from Startmate about their latest cohort. The episode wraps up with a useful resource for B2B startups navigating their sales funnels.
Time Stamps00:00 Introduction and Welcome
05:00 Square Peg’s New Funds
09:00 Linktree’s 2023 Financials
12:30 Hypersonic rocket launches in South Australia
15:00 SafetyCulture’s Latest Raise
18:30 Algenie’s plastic replacements using Algae
25:00 Interview with Emma Grife from Startmate
30:00 Knowledge as a Service (KaaS) Recommendations
LinksTo get all the links to the stories we mentioned in this episode, you can read this week’s https://newsletter.overnightsuccess.vc/p/aussie-startup-vc-summary-14th-september
HeadlinesSquare Peg’s New FundsSquare Peg is raising $840M for its sixth fund, focusing on seed and Series A investments, with a minority stake strategy. They are also raising $210M for their Opportunities Fund 3, highlighting strong returns from Canva and challenges in recent vintages.Linktree’s 2023 FinancialsLinktree revealed a $61.6M loss for 2023, spending $2 for every $1 earned. Despite generating $42.8M in revenue, the startup cut its workforce by nearly half. The founders took $21M off the table in secondary sales.South Australian Hypersonic Rocket LaunchesHypersonix Launch Systems will partner with Southern Launch to enable Mach 7 hypersonic rocket launches from South Australian spaceports by 2025, dependent on environmental assessments.Startup RaisesSafetyCultureRaised $75M in fresh capital with an additional $90M in secondaries at a $2.5B valuation. SafetyCulture plans to enhance its workplace solutions with AI-powered tools and IoT functionalities.AlgenieSecured $1.1M in pre-seed funding to scale algae production as a sustainable alternative to fossil fuels and plastics. Algenie’s innovative photobioreactor system can produce 100 tonnes of algae annually, offering a scalable solution for carbon sequestration and renewable materials.InterviewEmma Grife from StartmateWill speaks with Emma Grife from Startmate, discussing the latest cohort and how the accelerator is helping early-stage startups in Australia.
KaaS - Knowledge as a ServiceWill’s Pick 💁🏻♂️GTM Funnel Stages, Metrics, and Goals for B2B Startups by Unusual VC – A comprehensive guide on navigating B2B sales motions from awareness to close.Send feedback to the hostsGemma on LinkedInWill on LinkedInSponsorsThanks to our sponsors for helping to make this episode of The Startup Retro possible.
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Summary
In this week's episode of The Startup Retro, host Will Richards and standing in for Gemma Clancy this week, Cheryl Mack, dive into Uber's new partnership with Turo after shutting down its Car Next Door acquisition. They also discuss Premier Capital Partners' new fund, AirTrunk’s $23 billion sale, and Cheryl’s experience at the Startup Daily Awards. The episode also features a deep dive into Safe Ag Systems, an agtech safety platform. Plus, catch the latest startup raises and Will’s pick for Knowledge as a Service (KaaS).
Time Stamps00:00 Introduction and Welcome00:28 Uber pivots to Turo partnership05:15 Premier Capital Partners new fund10:22 AirTrunk’s $23 billion sale13:45 Startup Daily Awards highlights20:15 Startup Raises: Safe Ag Systems28:10 KaaS RecommendationsLinksTo access the links to the stories mentioned in this episode, check out this week’s Overnight Success newsletter. https://newsletter.overnightsuccess.vc/p/7th-september-2024
HeadlinesAustralian Startup Financial Confidence Report 2024Airwallex ReportUber’s Turo PartnershipUber has partnered with Turo to let users rent peer-to-peer vehicles through the Uber app starting in 2025.Premier Capital Partners FundPremier Capital Partners is launching a fund targeting mid-market tech companies with a size of $30-$50 million and a hard cap of $75 million. The fund will write cheques between $5-$20 million.AirTrunk SaleAirTrunk was sold to Blackstone and the Canada Pension Plan Investment Board for $23 billion, marking one of Australia’s largest acquisitions.AFR Article on AirTrunk SaleInterviewDavid BurtIn the interview, David Burt from UNSW Founders discusses the impact of Labor's proposed cap on international students and its potential effects on Australia's startup ecosystem, universities, and the broader economy.
Startup RaisesSafe Ag SystemsFounders: Katy Landt and Caroline GrahamSafe Ag Systems, an agtech safety platform, raised $2.5 million to expand its reach to 10% of farm workers.KaaS - Knowledge as a ServiceWill’s Pick 💁🏻♂️How to Do Great Work by Paul GrahamSend Feedback to the HostsCheryl on LinkedInWill on LinkedInSponsorsThanks to our sponsors for helping to make this episode of The Startup Retro possible.
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Episodi mancanti?
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Summary
In this week's episode of The Startup Retro, hosts Gemma Clancy and Will Richards explore three exciting new funds and initiatives in the Australian startup ecosystem, including the launch of the $66 million 66ten fund by the Walter and Eliza Hall Institute, and Main Sequence's new Atmosphere program. They also cover the latest venture from SEEK co-founder Paul Bassett, Amplify, and discuss AustralianSuper's significant $1.1 billion write-off in their Pluralsight investment. The hosts highlight standout startups, including WhyHive, a data analysis tool, and Cropify, an AI-powered grain grading AgTech company. The episode also features an interview with Gav Parry on the launch of the Centre for Arts, Sports and Technology (CAST), and concludes with KaaS recommendations on essential startup content and a special announcement about a new co-host joining next week.
Time Stamps00:00 Introduction and Welcome
00:28 New Fund Launches and Initiatives
06:12 Paul Bassett's Amplify
09:45 AustralianSuper's Pluralsight Write-off
12:40 Weekly Startup Raises
20:30 Interview with Gav Parry on CAST
28:00 KaaS Recommendations
30:45 Special Co-Host Announcement
31:00 Outro
HeadlinesThree New Funds and Initiatives
66ten Fund: WEHI’s $66M fund to back biomedical innovation.Seedlab Australia: Secures an additional $7M from Woolworths to support food, drink, and sustainable products.Main Sequence’s Atmosphere: New program to transform cutting-edge research into venture-scale businesses.Paul Bassett Launches Amplify
Amplify aims to improve trust in democracy through events, online conversations, and sharing of evidence.AustralianSuper Write-Off
AustralianSuper writes off $1.1B in their Pluralsight investment, which had acquired A Cloud Guru in 2021.Startup RaisesWhyHive: A $600K raise led by Skalata Ventures, making data analysis user-friendly.Cropify: A $2M seed round for AI-powered precision grain grading, led by Mandalay Venture Partners.KaaS - Knowledge as a ServiceGemma’s Pick: Crucible Moments (Season 2) by Sequoia Capital, featuring founders of ServiceNow, YouTube, DoorDash, and more.Will’s Pick: Blog on common VC scams - OpenVC.Special AnnouncementCheryl Mack from Aussie Angels & The First Cheque podcast will join as a co-host next week while Gemma enjoys a vacation in Italy. Send feedback to the hostsGemma on LinkedInWill on LinkedIn
SponsorsThanks to our sponsors for helping to make this episode of The Startup Retro possible.
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In this week's episode of The Startup Retro, Gemma and Will explore Uber's decision to shut down Car Next Door, its Australian carshare division, after acquiring the startup for $105M. The hosts share some positive news from the startup ecosystem, including Sitemate’s acquisition of Nomad Fleet, Bindimaps securing a key partnership with Australia Post, and the latest developments in the SunCable renewable energy project. In the startup raises segment, the hosts spotlight space-tech innovator Metakosmos and childcare-focused AI startup LoveHeart.ai.
Time Stamps
00:00 - Acknowledgement of Country
00:30 - Intro music
01:00 - Welcome and episode preview
01:30 - Pre-roll ad
02:00 - Headlines
02:30 - Uber shuts down Car Next Door
07:30 - Sitemate acquires Nomad Fleet
09:00 - BindiMaps secures partnership with Australia Post
10:00 - SunCable project approved by Federal Government
12:00 - Startup Raises
12:30 - Gem’s Pick: Metakosmos
17:00 - Will’s Pick: LoveHeart.ai
20:00 - Mid-roll ad
25:00 - KaaS Recommendations
28:00 - Outro
LinksHeadlines
Uber scraps Carshare division after acquiring Aussie startup Car Next Door for $105MSitemate acquires Nomad Fleet for $2MBindiMaps navigates a path to partnership with Australia PostSunCable solar farm in NT gets Federal government approvalStartup Raises
MetakosmosLoveHeart.aiKaaS Recommendations
Gem’s Pick
Building B2B Startup Marketing Orgs from 1 to 25+, Emily Kramer (MKT1)Will’s Pick
Thrive, Consolidate or Die by Abhishek Maran (Rampersand)Send feedback to the hostsGemma on LinkedInWill on LinkedInSponsorsThanks to our sponsors for helping to make this episode of The Startup Retro possible.
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Summary
In this week's episode of The Startup Retro, hosts Will and Gemma discuss the latest developments in the Breakthrough Victoria saga, including the departure of its CEO and ongoing legal battles with a founder. They also provide an update on the progress of the Future Made in Australia (FMiA) legislation, which is currently being debated in parliament. The hosts then cover the release of Australia's updated National Science and Research Priorities, focusing on key areas like net-zero transition and Indigenous knowledge systems. In addition, they highlight two new funds deploying capital into Aussie startups and feature their favourite startup raises of the week. To top it off, Gemma and Will interview Slice co-founder Farouk Ismail, who shares insights on their decision to take international funding and offers advice on expanding into the US market. The episode concludes with their Knowledge as a Service (KaaS) podcast recommendations.
Time Stamps00:00 Introduction and Welcome
01:12 Breakthrough Victoria CEO Departure & Legal Battle
06:48 FMiA Legislation Update
10:42 National Science and Research Priorities Release
15:25 New Funds - CoVentures & Proto Axiom
21:13 Weekly Startup Raises
27:50 Interview with Slice Co-founder Farouk Ismail
43:21 KaaS Recommendations
48:12 Outro
HeadlinesBreakthrough Victoria
CEO exits amid ongoing legal battle with a founder.FMiA Update
Heated debate continues in parliament.The government could proceed with the funding regardless of the legislation’s outcome.National Science and Research Priorities
Minister Ed Husic outlines new imperatives for science investment in Australia.Key focus areas include transitioning to net-zero, supporting healthy communities, elevating Indigenous knowledge systems, environmental restoration, and national security.New Funds
CoVentures, a single-GP fund managed by Maxine Minter, closes its first fund with $5M+. (Listen to Maxine’s show, First Cheque on the Day One network.)Proto Axiom emerges with new capital to deploy into Australian startups.Startup RaisesGemma's Pick: aglow
Founders: Jo Blundell and Karl Margrain$1.25M raisedAglow is helping beauty businesses implement membership programs, moving them away from pay-as-you-go models towards predictable, recurring revenue streams. With 600+ salons onboarded and $16M in ARR, they are leading a shift in the beauty industry.Will's Pick: DeCarice
Founders: Goran Bozic and Professor Shawn KookPre-seed raise from Investible’s Climate Tech FundDeCarice’s hydrogen injection technology is cutting carbon emissions by 85% in heavy-duty diesel engines, offering a scalable decarbonisation solution for mining and transport industries.InterviewSlice's Farouk Ismail
Farouk shares why Slice chose international funding and offers essential tips for Australian startups looking to break into the US market.KaaS - Knowledge as a ServiceGemma's Pick 💁🏻♀️: Diaspora.nz
A podcast showcasing the Kiwi expat community, hosted by David Booth, featuring conversations with founders, innovators, and emerging leaders.Will's Pick 💁🏻♂️: The Startup Playbook
A live recording of Leigh Jasper’s interview with Rohit from The Startup Playbook, featuring insights on growing a successful startup.Send feedback to the hostsGemma on LinkedInWill on LinkedIn
SponsorsThanks to our sponsors for helping to make this episode of The Startup Retro possible.
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Summary
In this week's episode of The Startup Retro, Gemma and Will explore the latest happenings in the Australian startup ecosystem. They discuss OneVentures' ambitious plans with their 7th fund, aiming to raise $200 million, and review the firm's impressive history. The hosts also highlight the new accelerator cohorts from Startmate and Remarkable, before diving into the significant US court ruling that declares Google an illegal monopoly. To round off the episode, they feature their top startup raises of the week, including Eyeonic's innovative glaucoma screening technology and Rich Data Co's AI-powered credit assessment platform.
Time Stamps00:00 Acknowledgment of Country
00:30 Intro Music
01:00 Welcome and Overview
02:00 OneVentures’ 7th Fund Announcement
05:30 Startmate and Remarkable Accelerator Cohorts
09:00 US Court Ruling on Google as an Illegal Monopoly
12:00 Pulse Check Recap
15:00 Startup Raises
15:30 Gemma’s Pick: Eyeonic
21:00 Will’s Pick: Rich Data Co
25:30 Special Mention: Noveco Surfaces’ Recycled Glass Tiles
28:00 KaaS Recommendations
LinksHeadlines
OneVentures raising 7th VC fund, aiming for $200m (AFR)Startmate Accelerator Winter 24 cohort announcement (Startmate)Remarkable Accelerator cohort announcement (Smart Company)US Court decides Google is an illegal monopoly (The Conversation)Pulse Check Newsletter - August EditionStartup Raises
EyeonicCompany story videoRich Data CoNoveco SurfacesKaaS - Knowledge as a ServiceOur favourite startup-relevant read, listen or watch of the week
Australia’s Sportstech Sector: Australian athletes aren’t the only ones winning on the global stage, by Will RichardsGem’s Pick 💁🏻♀️
How I Built Dis, The Imperfects Podcast (from The Resilience Project)Will’s Pick 💁🏻♂️
Two by Two - Capital Chronicles Newsletter by Joshua BoccamazzoSend feedback to the hostsGemma on LinkedInWill on LinkedInSponsorsThanks to our sponsors for helping to make this episode of The Startup Retro possible.
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Summary
In this week's episode of The Startup Retro, hosts, Will & Gemma delve into Canva's acquisition of Leonardo AI and feature an interview with Elli Hanson from Side Stage, one of Leonardo's investors. The hosts also discuss the South Australian Venture Capital Fund and the state government's independent report on its effectiveness and uncover the secret termination of the federal government's Boosting Female Founders (BFF) grant program. And to wrap up Gemma & Will highlight the latest startup raises, including Monty Compost, an industrial composting tool, and Slice, a bootstrapped fintech in the travel industry.
Time Stamps00:00 Introduction and Welcome
00:28 Canva Acquires Leonardo AI
05:02 South Australian Venture Capital Fund Report
09:00 Boosting Female Founders Program Termination
15:37 Weekly Startup Raises
28:31 KaaS Recommendations
LinksTo get all the links to the stories we mentioned in this episode, you can read this week’s Overnight Success newsletter. https://newsletter.overnightsuccess.vc/p/aussie-startup-vc-summary-3rd-august-2024
HeadlinesCanva Acquires Leonardo AISAVCF Government ReportBoosting Female Founders Program TerminationStartup RaisesMonty Compost
Founder: Ashley Baxter
Monty Compost, an organic waste recycling/composting IoT device with analytics software, has secured $1M from Skalata and Antler (QIC).
Slice
Founders: Yannick Darmalingam and Farouk Ismail
Slice, a Sydney-based fintech, has raised $7.5M in Seed funding from Peak XV Partners (formerly Sequoia Capital India & SEA) and a $10M debt facility from Roadnight Capital.
KaaS - Knowledge as a ServiceGemma’s Pick 💁🏻♀️
Podcast: The Journal - "Alexa is in millions of homes and Amazon is losing billions"
Will’s Pick 💁🏻♂️
Blog: The Big Guide to Fusion by Ben James
Send feedback to the hostsGemma on LinkedInWill on LinkedInSponsorsThanks to our sponsors for helping to make this episode of The Startup Retro possible.
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Summary
In this week's episode of The Startup Retro the discussion begins with Coinbase recruiting a former Treasury director and ASIC economist, and continues with an analysis of Microsoft entering the design market with a Canva competitor. They also explore the latest annual report on crowdfunding, revealing the state of the market and key figures.
Will and Gemma highlight the most interesting startup raises of the week, including Cuttable's creative automation platform and Preve's AI-driven physiotherapy solution. They wrap up with Knowledge as a Service (KaaS) recommendations, featuring a docuseries on aged care and a lighthearted book series.
Time Stamps00:00 Introduction and Welcome
00:28 Coinbase Recruits Former Treasury Director
05:02 Microsoft's Canva Competitor
09:00 Crowdfunding Annual Report
15:37 Weekly Startup Raises
28:31 KaaS Recommendations
LinksTo get all the links to the stories we mentioned in this episode, you can read this week’s Overnight Success newsletter. https://newsletter.overnightsuccess.vc/p/27-july-2024
HeadlinesCoinbase Recruits Former Treasury DirectorMicrosoft's Canva CompetitorCrowdfunding Annual ReportStartup RaisesCuttableRaised $5.5 million led by Square Peg, with Paul Bassat joining the board.Focuses on creative automation for digital ads to enhance ROI without compromising quality.PreveRaised $550K in pre-seed funding to revolutionise physiotherapy with AI.Aims to reduce the high dropout and reinjury rates in patient treatment plans.FundablClosed $3.2 million equity raise and launched a venture debt fund.Targets growth-stage businesses with loans between $500,000 and $5 million, providing alternatives to equity investments.KaaS - Knowledge as a ServiceOur favourite startup-relevant read, listen, or watch of the week.
Gemma’s Pick 💁🏻♀️Docuseries: Maggie Beer's Big Mission, a three-part series on revolutionising aged care with better nutrition and innovative tech solutions.Will’s Pick 💁🏻♂️Book: The Thursday Murder Club, a lighthearted mystery series about retirees solving crimes.Podcast: The Contrarians with Adam Schwab and Adir Shiffman, featuring Blake Hutchison of Flippa discussing digital asset marketplaces and valuation insights.Send feedback to the hostsGemma on LinkedInWill on LinkedInSponsorsThanks to our sponsors for helping to make this episode of The Startup Retro possible.
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Google for StartupsGoogle for Startups Cloud Program Get up to US$350,000 of Google Cloud and Firebase credits for two years for your startup plus technical, business and financial support through the Google for Startups Cloud Program.
Apply now
Google for Startups AI First Accelerator The Google for Startups AI First Accelerator is a 10-week equity-free accelerator program for Seed and Series A stage Australian startups building AI&ML-driven platforms and products.
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Summary
In this episode of The Startup Retro, the hosts delve into the significant headlines from the past week. The discussion begins with Blackbird Ventures' latest data on their gender-based investment targets and continues with an analysis of EVP's new fund structure aiming for $500 million in assets under management. They also explore a report on government grants to SMEs, revealing that a large portion of funds go to low-performing companies. The public hearings on AI inquiry and the implications for startups developing AI tools are covered as well.
Will and Gemma highlight the most interesting startup raises of the week, including ExoFlare's biosecurity threat management platform, and discuss the importance of accurate and detailed reporting on VC funding with Kirstin Hunter and Preethi Mohan from "Funding the Balance." The episode wraps up with Knowledge as a Service (KaaS) recommendations, featuring articles on VC engagement with media and practical tips for using ASIC lodgements for competitor research.
Time Stamps00:00 Introduction and Welcome
00:28 Blackbird Ventures Data on Gender Investments
05:02 EVP's New Fund Structure
06:06 Government Grants Report
09:00 AI Inquiry Public Hearings
11:02 EVP's Lifetime Fund
15:37 Weekly Startup Raises
21:55 Interview: Kirstin Hunter and Preethi Mohan
40:25 KaaS Recommendations
LinksTo get all the links to the stories we mentioned in this episode, you can read this week’s Overnight Success newsletter
HeadlinesBlackbird Ventures' Gender-Based Investment TargetsEVP's New Fund StructureGovernment Grants ReportAI Inquiry Public HearingsFunding the Balance InitiativeStartup RaisesExoFlare
Company website7:30 Episode - Australia is in the grip of an unprecedented bird flu outbreak (8 min)HammerTech
Company websiteInterviewKirstin HunterPreethi MohanKaaS - Knowledge as a ServiceOur favourite startup-relevant read, listen or watch of the week
Gemma’s Pick 💁🏻♀️ ‘Declined to comment’: three words destroying millions in VC brand equity, by Jessy Wu for the AFR (Will be interviewing Jessy next week - submit your questions directly to me on LinkedIn or via the form link in the show notes.)Will’s Pick 💁🏻♂️ Warwick Donaldson: ASIC and Competitors - A Practical Guide for Aussie FoundersUsing ASIC to find investors in competitors… handy tip! Send feedback to the hostsGemma on LinkedInWill on LinkedInSponsorsThanks to our sponsors for helping to make this episode of The Startup Retro possible.
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Google for StartupsGoogle for Startups Cloud Program Get up to US$350,000 of Google Cloud and Firebase credits for two years for your startup plus technical, business and financial support through the Google for Startups Cloud Program.
Apply now
Google for Startups AI First Accelerator The Google for Startups AI First Accelerator is a 10-week equity-free accelerator program for Seed and Series A stage Australian startups building AI&ML-driven platforms and products.
Apply now
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The Day One NetworkThe Startup Retro is part of Day One, the podcast network dedicated to founders, operators & investors.For broader updates on the Day One network, including news about other shows and network-wide updates, sign up for the Day One Newsletter. We are dedicated to creating content that helps Australian founders succeed. https://dayone.fm/newsletter
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HeadlinesCut Through Venture report: Teasing an interview with Chris later in the episode. The report reveals 99 deals in Q2 with $1.5B invested.AngelClass launches with an app allowing anyone with $10K or more to invest in startups without being classified as sophisticated investors. Elliot Spiegel from Inhouse Ventures takes advantage of Australia's 20/12 rule, enabling 20 investors in any 12-month period without needing a full prospectus.Climate Tech funding challenges: ClimateSalad claims about 100 out of 600 members need funding ASAP to survive the year, amounting to ~$100M. Despite a lot of pre-seed stage funding, there are barriers such as public perceptions, regulatory hurdles, and physical barriers related to the grid.Girls in Tech closes up shop in Australia and rebrands as Her Tech Circle, continuing to support and inspire women in tech despite funding challenges due to a decline in DEI funding in corporates.Summary
In this episode of The Startup Retro, the hosts dive into the most significant headlines from last week. The discussion includes the new Cut Through Venture report on startup investments, the launch of AngelClass, insights into Climate Tech funding challenges, and the birth of Her Tech Circle from the ashes of Girls in Tech. Will and Gemma also highlight notable startup raises and share their picks of the week.
Time Stamps00:03: Introduction by Will Richards and Gemma Clancy.00:26: Overview of today's episode topics: Cut Through Venture report, angel investing innovation, climate tech funding, and more.01:07: Discussion on the Cut Through Venture report revealing 99 deals with $1.5B invested in Q2.01:44: Insights on climate tech funding and the need for more support, based on Climate Salad's report.03:32: Analysis of climate tech funding challenges, including early-stage funding and regulatory barriers.04:51: Introduction of AngelClass, allowing non-sophisticated investors to invest in startups.10:09: Closure of Girls in Tech and the launch of Her Tech Circle, a rebranded initiative to support women in tech.11:21: Gemma's pick: Fugu, a climate tech startup developing solid direct air capture systems.16:25: Will’s pick: Sircel, focusing on recycling obsolete solar panels and e-waste.20:57: Interview with Chris Gillings from Five V Capital and Cut Through Ventures discussing the CTV Q2 report and insights on the Australian startup ecosystem.36:58: Knowledge as a Service (KaaS) segment featuring Gemma's pick, the Calling Operator podcast, and Will's pick, Pop Culture by Edward Zitron.LinksTo get all the links to the stories we mentioned in this episode, you can read this week’s Overnight Success newsletter: https://newsletter.overnightsuccess.vc/p/12-july-2024
Top HeadlinesCut Through Venture report: The report reveals 99 deals in Q2 with $1.5B invested.AngelClass launches with an app allowing anyone with $10K or more to invest in startups without being classified as sophisticated investors. Elliot Spiegel from Inhouse Ventures takes advantage of Australia's 20/12 rule, enabling 20 investors in any 12-month period without needing a full prospectus.Climate Tech funding challenges: ClimateSalad claims about 100 out of 600 members need funding ASAP to survive the year, amounting to ~$100M. Despite a lot of pre-seed stage funding, there are barriers such as public perceptions, regulatory hurdles, and physical barriers related to the grid.Girls in Tech closes up shop in Australia and rebrands as Her Tech Circle, continuing to support and inspire women in tech despite funding challenges due to a decline in DEI funding in corporates.Startup RaisesWill’s pick: SircelGem’s pick: FuguInterviewChris Gillings - Five V Capital and Cut Through Venture (Interview by Will Richards)KaaS - Knowledge as a ServiceOur favourite startup-relevant read, listen or watch of the week
Gemma’s Pick: Calling Operator PodcastFocuses on operators in the startup ecosystem, highlighting their crucial role. Recently transitioned to Laura Nicol (https://www.linkedin.com/in/lauranicolpr/) as the new hostWill’s Pick: Pop Culture by Edward ZitronA well-researched counterpoint to the economic value created by AI, questioning its real impact.Send feedback to the hostsGemma on LinkedInWill on LinkedInSponsorsThanks to our sponsors for helping to make this episode of The Startup Retro possible.
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HeadlinesClash between fintech industry and big banks over open banking.New report predicts the rise of AI jobs in Australia.Details of "Future Made in Australia" legislation explored.Notable startup capital raises, including Caresquare and Redactive AI.Summary
In this episode of the Startup Retro podcast, the hosts delve into the biggest headlines of the week. The discussion centres around the clash between the fintech industry and big banks over open banking, as well as a new report predicting the rise of AI jobs in Australia. Will and Gem also pick their favourite startup capital raises and share intriguing insights from their reading throughout the week.
Time Stamps00:24: The clash between the fintech industry and big banks over open banking implementation in Australia reveals differing perspectives on the effectiveness and adoption of the system.06:50: A new report predicts a significant increase in AI-related jobs by 2030, emphasising the need for individuals to develop AI competency to thrive in the future workforce.09:48: The "Future Made in Australia" legislation introduces key pillars to promote community benefits and sector assessments for strategic investments.14:00: Startup raises, like Caresquare's seed investment and Redactive AI's substantial funding round, highlight the diversity and innovation in the Australian startup scene.24:53: Engaging with resources like Robotsguide.com sheds light on the wide range of robotics applications and innovations shaping the technology landscape.LinksTo get all the links to the stories we mentioned in this episode, you can read this week’s Overnight Success newsletter: https://newsletter.overnightsuccess.vc/p/6-july-2024
Headlines
Open Banking:
Australian Banking Association Consumer Data Right Strategic Review July 2024Basiq Open Banking Report July 2024Tech Council AI Jobs
Media ReleaseReportStartup RaisesRedactive AICaresquare Millibeam: ReciMe Profit PeakKaaS - Knowledge as a ServiceOur favourite startup-relevant read, listen or watch of the weekGemma’s Pick: Robots GuideWill’s Pick: What you should know about SAFE notesSend feedback to the hostsGemma LinkedIn: https://www.linkedin.com/in/gemmaclancy/Will LinkedIn: https://www.linkedin.com/in/williamrichards/SponsorsThanks to our sponsors for helping to make this episode of The Startup Retro possible.
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Google for Startups AI First Accelerator The Google for Startups AI First Accelerator is a 10-week equity-free accelerator program for Seed and Series A stage Australian startups building AI&ML-driven platforms and products.
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The RetroLatest news and $100 million deal in Australian startupsInterview: Kim Hansen on ESOP clawback clausesMajor headlines: Future Made in Australia legislationTelstra rebrands venture fund to TitaniumNotable venture raises: Tenacious Ventures, Aquila, Samsara EcoRampersand insights on startup investmentsSummary
In this episode of Startup Retro, hosts Will and Gemma discuss the latest news and funding events in the Australian startup ecosystem, including the significant $100 million deal and an in-depth interview with Kim Hansen from Cake Equity about ESOP clawback clauses.
Hosts, Will & Gemma cover major headlines such as the Future Made in Australia legislation, Telstra rebranding its venture fund to Titanium, and several notable venture raises. They also highlight Tenacious Ventures' latest funding and delve into the week's interesting startup raises, with a focus on Aquila and Samsara Eco. The episode concludes with a knowledge-sharing segment featuring insights from Rampersand on how they invest in startups.
Time Stamps00:00 Welcome to the Startup Retro00:41 Top Startup News Headlines of the Week03:23 New Venture Funds and Rebranding05:55 Adelaide's Space Machines Company07:37 Weekly Startup Raises15:13 Interview with Kim Hansen on ESOP Clawback Clauses25:33 Knowledge as a Service: Rampersand's Investment Insights29:29 Wrapping Up and FeedbackLinksTo get all the links to the stories we mentioned in this episode, you can read this week’s Overnight Success newsletter
Startup RaisesAquilaSamsara EcoKleanDiraqAffindaNational Renewable Network InterviewKim Hansen (Cake Equity) LinkedInKaaS - Knowledge as a ServiceOur favourite startup-relevant read, listen or watch of the weekRampersand articleSend feedback to the hostsGemma on LinkedInWill on LinkedInSponsorsThanks to our sponsors for helping to make this episode of The Startup Retro possible.
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Google for StartupsGoogle for Startups Cloud Program Get up to US$350,000 of Google Cloud and Firebase credits for two years for your startup plus technical, business and financial support through the Google for Startups Cloud Program.
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Google for Startups AI First Accelerator The Google for Startups AI First Accelerator is a 10-week equity-free accelerator program for Seed and Series A stage Australian startups building AI&ML-driven platforms and products.
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The Overnight Success newsletter has hit the airwaves with the introduction of The Startup Retro. Hosted by Will Richards and Gemma Clancy. The Startup Retro is your weekly insider's view on Australian startups and venture capital by curating the most important startup news and providing useful context behind the stories.
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