Venture tech firm BlueChilli accused of not delivering on its promise to startups; BlueChilli responds

by 1 day ago

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.”

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TinyBeans raises AUD$2 million; company becomes clear on its commercial strategy

by 2 days ago.

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.

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Invoice2go just closed USD$35 million in late stage funding lead by Accel Partners

by 8 days ago.

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.

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If your core team is made up of ‘yes men’, they shouldn’t be part of your core team

by 17 days ago.

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.

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