The founder of a Sydney start-up has taken several staff on an emergency trip to recover money from the collapsed Silicon Valley Bank.
All start-up founders live with the risk that one day their company might fail,but few are prepared for their bank going belly-up.
As Inspired Unemployed duo Jack Steele and Matt Ford hunt for investors,Australians are pouring more of their money into budding breweries.
More small investors are willing to back high-risk start-ups in the hope of getting on the ground floor of the next big thing.
People are concerned that the authorities can make anybody disappear without legal processes,and that it can happen to anyone,anytime and anywhere.
Immutable,which has banked hundreds of millions of dollars from investors and is known for doling out generous pay packages,is making 11 per cent of its workforce redundant.
Fresh company figures help to explain why investors have steered clear of a company once feted as the next big thing in Australian start-ups.
Twenty per cent of Milkrun workers will lose their jobs as the company shuts an unspecified number of delivery hubs to make its reserves last longer.
Australian media personalities,philosophy professors and venture capitalists are among mushroom protein player Fable Food’s latest investors.
The cattle farmers turned start-up bosses are trying to keep up with huge customer demand for beef,lamb,pork,chicken and seafood – straight from the farm.
A major Australian technology investor did not put any money into new companies last year as start-ups refused to acknowledge how much the market had fallen.