A number of sources have told Startup Daily that Sydney-headquartered venture technology firm and startup incubator BlueChilli has not delivered on its promise to numerous startups in its portfolio, with one source saying it is “doing more damage to the Australian startup scene than good.”
Last night from New York, Moko Social Media Limited, one of the two companies we reported had previously approached Tagroom about an acquisition offer, announced that they had just signed a binding term sheet to acquire 80% of Tagroom.com.
Other than the AU$20,000 seed funding from the 2012 incubator program, TinyBeans has bootstrapped their way to 500,000 users across the platform. While over 50% of the users are based in the United States, the application has people getting in on all the TinyBean action in 188 countries across the world, from Argentina to the Isle of Mann.
Ten years ago, Chris Strode, Founder of Invoice2go, was living with his in-laws working full time and writing code from a desk set up in the bedroom. A lot has changed since then, his company employs 45 staff and services, and now has over 120,000 active users that send out of $10 billion worth of invoices, according to Strode when we sat down for a chat at Startup Daily yesterday.
I would go as far as saying that many people within our community, both newbies and stalwarts hop on board the contradiction train quite often when it comes to topics like education, employees and the whole ‘living the dream’ notion.
Two young blokes from Melbourne met whilst studying at Australian National University (ANU) together in Canberra. They were both computer science and business graduates with a passion for sports, which seems fitting as to why they would go on to creating a mobile sports gaming company.
Everyone keeps calling bellabox a beauty box company. It’s not. bellabox is a media company, no matter how you slice and dice it. That is why an investment from one of Australia’s fastest growing media companies makes perfect sense.
Yes men and women’ present a very dangerous problem for entrepreneurs. As the founder of a startup, you are constantly seeking validation ensure you are on the right track, and the first place you usually look for that is your team – even before your customers. It sounds counterintuitive, but it’s reality.