Tech unicorns vanish as start-up funding plummets

Tech unicorns vanish as start-up funding plummets

Australia did not produce a billion-dollar tech “unicorn” in 2023,but investors remain bullish about the year to come.

  • byDavid Swan

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Why Mentorloop got off the venture capital ‘hamster wheel’

Why Mentorloop got off the venture capital ‘hamster wheel’

Lucy Lloyd and Heidi Holmes are calling for more start-up founders to ditch venture capital funding as the ‘tech wreck’ deepens.

  • byDavid Swan
‘We’re flattered’:AI start-up welcomes Canva comparison

‘We’re flattered’:AI start-up welcomes Canva comparison

Leonardo’s young executives lay out their ambitions to grow into a billion-dollar business in their first Australian media interview.

  • byDavid Swan
Australian start-ups are ‘crying out for sales talent’
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Atlassian

Australian start-ups are ‘crying out for sales talent’

Tech companies need sales reps more than engineers,according to Dan Brockwell,who has launched Australia’s first tech bootcamp with a job guarantee.

  • byDavid Swan
‘Unsexy businesses are now sexy’:Start-ups seek safety as tech downturn lingers
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Software

‘Unsexy businesses are now sexy’:Start-ups seek safety as tech downturn lingers

Australian venture capital firm Flying Fox is shifting its focus to decidedly “boring” startups,as investors react to the ongoing tech downturn.

  • byDavid Swan
‘We are conquerors’:Why Silicon Valley’s latest fad is its deadliest
Opinion
Opinion

‘We are conquerors’:Why Silicon Valley’s latest fad is its deadliest

Just when you thought Silicon Valley couldn’t get any more detached from reality,in comes billionaire venture capitalist Marc Andreessen.

  • byDavid Swan
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Canva investor cuts valuation by 10 per cent again
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Start-ups

Canva investor cuts valuation by 10 per cent again

Australian start-ups are facing a “mortgage cliff” as companies boasting paper valuations in the hundreds of millions start to run out of cash and raise money at much lower prices.

  • byNick Bonyhady
$1.8b Australian start-up denies Instagram change makes it redundant

$1.8b Australian start-up denies Instagram change makes it redundant

Linktree boss Alex Zaccaria says his social media company is much more than just a list of links and is here to stay.

  • byNick Bonyhady
Start-up shutdown:How post-pandemic freedom killed a star

Start-up shutdown:How post-pandemic freedom killed a star

At least $100 million of capital was devoured by rapid-delivery grocery store start-ups,Milkrun’s creation becoming one of the venture capital industry’s most visible financial follies.

  • byElizabeth Knight
Australian’s urgent dash to pull money out of collapsed US bank
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Start-ups

Australian’s urgent dash to pull money out of collapsed US bank

The founder of a Sydney start-up has taken several staff on an emergency trip to recover money from the collapsed Silicon Valley Bank.

  • byNick Bonyhady
‘Peak fear’:How Australia’s tech sector handled a bank meltdown

‘Peak fear’:How Australia’s tech sector handled a bank meltdown

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.

  • byNick Bonyhady