ESG plans and action are increasingly expected from earlier-stage startups and are a non-negotiable requirement for later-stage companies gearing up to IPO. I’m a big believer that implementing ESG early can have a powerful positive effect on your company build.As an investor at Main Sequence, we have seen countless times companies who have a purposeful… Read more »
The success of your year-end financial audit depends on the steps scaleups take many months before. Whatever actions your finance team takes throughout the year, always ask this critical question: “Is my business audit ready?” Audit readiness does more than make your auditors happy. It simplifies the entire audit process, speeds up turnaround time, and decreases… Read more »
Startmate CEO Michael Batko spent nine months talking to 15 Australian startup founders, from unicorns such as Mr Yum and Culture Amp, to Brighte, Forage, 5B and Mintable. He published those interviews on his substack (see below for the links). Batko then took all he learnt and summarised their insights into “how to CEO” below.… Read more »
Ignore the sceptics and naysayers. The ASX’s attempt to replace its ageing Clearing House Electronic Sub-Register System – better known as CHESS – was the right move, despite ending up where it did. ASX spent vast sums of money attempting to replace CHESS with a complex mix of technologies, including a version of blockchain called… Read more »
Do you work for an organisation that treats pay information like a state secret? Do you know what your coworkers get paid? Can you tell others what you earn? Well, now you can, following the passing of the Albanese government’s “Secure Jobs, Better Pay Bill” reform package, which includes a ban on pay secrecy policies.… Read more »
If the Reserve Bank of Australia’s taught us nothing else in 2022, it’s that promises and predictions are fraught. (In case you forgot of didn’t notice, or forgot, for most of 2021 2021, the RBA board and governor Philip Lowe flagged no rate rises for “at least three years” – not until “2024 or later”… Read more »
At Startup Daily’s recent 2023 Tech Playbook From Idea to Unicorn event, our expert panel unpacked the fundamentals of scaling a SaaS business. In a panel moderated by Matthew Allford, Content Creator and DevOps Engineer at Idea to Unicorn community partner Parallo, founders and technology leaders discussed the major challenges and opportunities when growing SaaS businesses in… Read more »
The spate of global and local data leaks – privacy breaches that affected millions of Australian consumers and thousands of Australian businesses – have much to teach the corporate world: that business growth should not come at the expense of customer privacy. These incidents tend to occur because many companies operate business models that collect,… Read more »
This is gold, I would read this blog post pic.twitter.com/vdPbq7n6YW — Jarrad (Moose) Lawrence (@JarradLawrence) November 3, 2022 I was playing around with a new AI that attempts to tweet like the author (you can try it out here) and Moose Lawrence posted this example, meant to be something that I’d be likely to tweet.… Read more »
In recent years, Software as a Service (SaaS) startups have been fed on a steady diet of cheap money and notions like ‘Growth at all costs’ and ‘Winner takes all’. In turn, this was reflected in the way SaaS performance is measured, the way companies undertook capital raisings, how they spend their cash and how… Read more »
All too often, startup founders get caught up in the whirlwind pace of Australia and New Zealand’s startup ecosystem. Ensuring your startup is built with a strong foundation is the best way to protect your business from the unexpected challenges and ever-changing momentum of the investment scene. You don’t want your startup to be a… Read more »
Around this time of year, almost all of the startup founders who pitch me or ask for advice will start saying, “…and we’re [hoping/planning/must be ready to] launch by the end of the year. Here’s the thing: “end of the year” is an artefact of the calendar system we use in the West, unchanged since… Read more »
Have you ever searched for an airfare only to find that the price for a particular flight has significantly increased compared with when you searched a few days later? Or have you noticed that some people are paying less to receive access to the same subscription service that you pay for? What about that time… Read more »
Given the current economic conditions, it’s gotten a lot harder for startups to raise the kind of funding rounds that were once the norm a few years ago. Either by choice or because they haven’t been able to close a round, this has led many startups to consider whether the VC path is actually the… Read more »
If you ask startups about their key objectives, they will tell you one thing — growth. One of the best ways to achieve their growth goals is by incorporating growth marketing strategies as part of their overall strategy. While many startups have the growth marketing talent and resources, they often fall short or limit their… Read more »
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