The Latest from Startup Daily
The Government’s announcement this week of its Industry Innovation and Competitiveness Agenda gives me little comfort that a thriving tech / startup scene in Australia is a genuine national imperative. This is deeply concerning because Australia is missing out on a prime opportunity to diversify its economy from mining and primary industry to a more knowledge based economy rooted in tech.
Sydney based startup Stylerunner has taken the ecommerce space by storm by carving out a niche in the high-end and highly fashionable market of sportswear – a growing industry worth billions.
I have said it before, Melbourne has been harbouring a little secret in the form of young entrepreneur and publisher Nathan Chan.
Flightfox, which is essentially a marketplace of travel hackers that compete amongst each other to find tickets that meet a user’s criteria, recently introduced a new section to the site which lists the world’s “17 Best Cities To Live Cheaply”. The list has been criticised by Levels.io and TechinAsia.com for having a similar layout and content to Nomad List.
The Canva app sits in the Productivity category on the App store. Canva is lucky that there is no real competition in its space right now, that offers the all the functionality they do basically free, with only a small fee for premium design features and imagery. However, Adobe and its Creative Cloud services have begun to make a play into their own web solutions.
Finding a way into the niche market of online financial services has high stakes, but the profit potentials make it well worth the risks. The big four banks of Australia is estimated to generate over $29 billion dollars annually. This is something that seems to have been very clearly understood by Brett Hales, the Co-Founder and CEO of Brisbane-based mCommerce and mPOS startup Tappr.
Apparently, the latest high-profile figure to commit such a social faux pas is Microsoft CEO Satya Nadella. At the Hopper Conference last week, he suggested to an audience of (mostly) women that instead of asking for a pay rise, they should rely on Karma.
Over the last couple of weeks this notion of ‘entrepreneur porn’ has been the top of mind for a number of startup commentators and journalists around the world, prompting us to ask the question – is it killing the actual definition of what it actually means to be an entrepreneur?