A former Sydney tech startup CFO has been charged with taking $6.25 million

John Falconer, a former director and chief financial officer of software startup TZ Limited, has been extradited from Thailand to face dishonesty charges in Sydney’s Central Local Court. The charges follow an investigation by corporate regulator ASIC (Australian Securities and Investments Commission) which alleges $6.25 million of TZ Limited’s funds were transferred to entities associated … Read more

NAB is collaborating with an Israeli crowdfunding platform to offer startup investments

The National Australia Bank private banking division is partnering with Israeli crowdfunding platform, OurCrowd, to offer NAB customers access to OurCrowd startup investments. The bank says it’s an Australian first giving its clients access to one of the world’s largest equity crowdfunding platforms, which entered the local market three years ago. NAB Private executive general … Read more

Is a “robot tax” really an “innovation penalty”?

Steve Cousins is founder and CEO of Savioke, which develops and deploys autonomous robots that work in human environments to improve people’s lives. Steve was previously president and CEO of robotics incubator Willow Garage. When Bill Gates recently suggested robots should pay income tax like any other employee, I didn’t immediately disagree. I applaud Gates’ … Read more

THUNDER LIZARDS STARTUP MVP PROGRAM – DISCOUNT FOR BUSINESS STUDIO MEMBERS!

SLQ Business Studio partners Little Tokyo Two are offering a 25% discount on upcoming Thunder Lizards Startup MVP Programs for Business Studio members. Use the code ‘SLQ’ when booking to get the discounted price of $750 (normally $1000). Thanks LT2! The Startup MVP program is a 2 day workshop designed to supercharge your entrepreneurial skills. Learn … Read more

Australian tech leaders are horrified by the IPO plans for music-streaming startup Guvera

“Last year Atlassian co-founder Mike Cannon-Brookes became a billionaire after floating his business on the US stock market, having spent 10 years turning the Australian tech company into a global force. Last week, Queensland-based music streaming platform Guvera lodged its prospectus for an $80 million initial public offering (IPO).” Read more Simon Thomsen Business Insider Australia 6 June 2016

Private Equity Cure For Start-Up Pain

Private equity firms will become the lifeblood of Australia’s next generation of technology start-ups, providing funding, business strategy and connections, according to Dropbox Australia. Speaking at the annual AMMA Private Equity Spring Conference, Dropbox Australia country manager Charlie Wood (pictured) says there’s no shortage of budding entrepreneurs with good ideas, however they lack the support to make … Read more