Unlocking "unprofitable beasts" and why they need more patient capital

Unlocking "unprofitable beasts" and why they need more patient capital

Companies are staying private for longer than ever before with abundant capital on offer, but the flipside is that sizeable global funds are entering the Australian market earlier to make their mark on the startup community. Meanwhile, local public equity funds are often unable to do the same due to mandates that don't allow investmen...

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Tammy Hembrow's Saski Collection impresses at New York Fashion Week

Tammy Hembrow's Saski Collection impresses at New York Fashion Week

Her athleisure brand has only been around for just over a year, but already Tammy Hembrow is wowing crowds at New York Fashion Week. As the premier destination for fashion designers of all stripes and backgrounds, securing a runway at New York Fashion Week is a covetable moment. Hembrow showed her latest collection alongside other Aus...

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Top 25 Australian startups revealed

Top 25 Australian startups revealed

With a wealth of data at their fingertips, LinkedIn has released its list of "the most sought after startups in Australia", and it's certainly a prestigious list. To be eligible for for the list, compnaies must be seven years old or younger, have at least 50 employees, and be privately held and headquatered in Australia. ...

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Saturated market? Opportunities abound, just ask former Swisse boss Radek Sali

Saturated market? Opportunities abound, just ask former Swisse boss Radek Sali

It has now been almost three years since vitamins company Swisse Wellness was sold for $1.67 billion to a Hong Kong company, giving entrepreneur Radek Sali a healthy supplement of around $250 million from the sale. It's enough money to make time the Australian businessman's most precious asset as he looks for new opportunities thr...

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Acquisitions give National Vet Care profit a bounce

Acquisitions give National Vet Care profit a bounce

National Veterinary Care (ASX:NVL) has posted full-year earnings at the upper end of forecasts, despite a softening of market conditions in the last two months of FY18.

The bottom-line profit of $6.2 million is 42 per cent up on the previous corresponding period, aided by a 26 per cent lift in revenue to $84.2 million.

However, the ...

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Young Entrepreneurs seizing business opportunity of the year

Young Entrepreneurs seizing business opportunity of the year

The Young Entrepreneur Awards will celebrate a milestone occasion as it kick-starts the 2018 Young Entrepreneur Awards, marking a decade of success for what has become one of Australia's most prestigious business accolades. Officially launched in 2008 in Queensland with a mission to find and recognise young business talent in Australi...

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How James Spenceley decides on what startups to invest in

How James Spenceley decides on what startups to invest in

His Midas touch has launched Vocus Group into a listed company and transformed Airtasker from a startup to a national phenomenon, but how does James Spenceley decide on what to invest in? Spenceley's latest investment is a $1 million injection into Integrated Green Energy Solutions (ASX: IGE) as they ramp up production of their eco-fr...

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Eco-friendly startups take centre stage on Shark Tank this season

Eco-friendly startups take centre stage on Shark Tank this season

If there was a single key theme running through this year's season of Shark Tank it would be a sharp focus on businesses that are doing something good for the environment. This year we've seen entrepreneurs pitching eco-friendly nappies, and just last night, a green alternative to storing vegetables in the crisper. The Sharks ...

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Meet the duo crushing sales stereotypes, redefining a global industry

Meet the duo crushing sales stereotypes, redefining a global industry

When people hear the word 'sales', they're inclined to think of cheesy people in fancy suits with the 'gift of the gab' that will do just about anything to push a product. Whether warranted or not, there is a certain stigma attached to salespeople who have been tempered by decades of high-pressure sales tactics, told t...

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How to take risks and be a brilliant CEO

How to take risks and be a brilliant CEO

In August 1987, my father, a small business entrepreneur, arrived home after work, and announced that we were moving to Australia. This announcement served as my first exposure to risk management from an entrepreneur's perspective. My father was regarded as crazy for uprooting the family and leaving apartheid South Africa Why put ...

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Why BlockGrain could be one of the first real world successes of blockchain technology

Why BlockGrain could be one of the first real world successes of blockchain technology

The promise of blockchain has so far gone unfulfilled. Though it is still early days, the world-changing, transformative potential of blockchain tech is still simmering under the surface. However, as developers and entrepreneurs begin to grapple with the technology and understand its potential new businesses are beginning to emerge and ch...

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Gold Coast training and recruitment company gets three Shark Tank 'bites'

Gold Coast training and recruitment company gets three Shark Tank 'bites'

The founders of a Gold Coast training and recruitment company have scored a Shark Tank first by securing investment from three of the sharks in a deal which values their business at $625,000. Jack Corbett and Ryan Tuckwood, founders of ISR Training, jumped into Network Ten's Shark Tank Australia hoping to get internet pioneer and Shar...

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Know your numbers or you're in deep trouble: Shark Tank's Janine Allis on startup mistakes

Know your numbers or you're in deep trouble: Shark Tank's Janine Allis on startup mistakes

She's a former backpacker who once worked on David Bowie's yacht and if you went back in time to before 2000 and asked Janine Allis whether she'd one day be in charge of a multi-million dollar international business and the young Janine would have probably told you to lay off the alternative substances. The Boost Juice founder...

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NYC venture capitalist on what's really killing Aussie startups

NYC venture capitalist on what's really killing Aussie startups

As technology continues to scale and artificial intelligence (AI) becomes smarter and more autonomous, the question on everyone's lips is 'will AI ever run me out of business?' Jacqueline Garavente doesn't think so. As a prominent venture capitalist at Union Square Ventures (USV) in New York, Garavente knows more about...

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How technology is turning 'crappy' businesses into gold

How technology is turning 'crappy' businesses into gold

VENTURE capitalists may have previously considered them 'crappy' businesses not worth a second look, but according to Silicon Valley's sharpest investor Steve Jurvetson the technological revolution is changing that. Jurvetson, the co-founder of the $US6 billion venture capital group Draper Fisher Jurvetson and board member of ...

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Entrepreneurial millennials rate Australia low on startup ecosystem

Entrepreneurial millennials rate Australia low on startup ecosystem

Entrepreneurial millennials around the world do not rate Australian cities as being the right places to begin a startup with only Sydney sneaking into the top 20 of a major survey. Not surprisingly, San Francisco and New York City were rated the top two cities for entrepreneurial millennials based on their business ecosystem while Kuala L...

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Steve Baxter looking to sell River City Labs, according to reports

Steve Baxter looking to sell River City Labs, according to reports

Queensland's chief entrepreneur and 'Shark Tank' star Steve Baxter is reportedly looking to sell River City Labs, the Brisbane startup hub which he founded seven years ago. It's believed the reason behind the sale is not a financial one and that he believes River City Labs, which mentors young entrepreneurs in a co-working...

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Serial restaurateur parts with iconic Justin Lane business

Serial restaurateur parts with iconic Justin Lane business

The entrepreneur behind Justin Lane, one of the most recognisable and popular venues on the Gold Coast, has sold the business after seven years. Adam Haralampou (pictured right) has owned and operated several of the Gold Coast's hottest venues including The Cavern, Mr Bengel and Harry's Steak Bistro and Bar. Justin Lane, howev...

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The biggest mistakes an entrepreneur can make, and how to avoid them

The biggest mistakes an entrepreneur can make, and how to avoid them

I am often asked by entrepreneurs, "how much profit should my business be making?" My answer is always the same: It depends. It depends because I don't know how much money is invested in the business in the first place. The amount of capital invested has a significant influence on how much profit is enough. Unfortunatel...

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Interstellar growth ahead as rocket engineers and techpreneurs team up

Interstellar growth ahead as rocket engineers and techpreneurs team up

If you were to describe the Gold Coast business landscape, in a nutshell, rocket science and space engineering probably wouldn't be the first industries that spring to mind. Gilmour Space Technologies is out to change that perception. Founded by brothers Adam and James Gilmour, the company's mission is to provide low-cost acce...

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The 'shoe addict' who turned her passion into a multi-million dollar business

The 'shoe addict' who turned her passion into a multi-million dollar business

It's often said that the key to entrepreneurship is to solve a problem, and then monetise the solution. For Jodie Fox, her epiphany came following a stop-over in Hong Kong and a chance meeting with a traditional cobbler. Disappointed and frustrated with the limited choices of shoes she actually liked on the market, the self confes...

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Coast's edgiest creative scores golden opportunity at Commonwealth Games

Coast's edgiest creative scores golden opportunity at Commonwealth Games

Nic Nichols grew up loving graffiti. It was this innate flair which led him to establish 40/40 Creative, a team of compelling young artists and creatives hell-bent on setting a new standard in digital marketing. Through 40/40 Creative, Nichols intertwined his life's passion for street art with web design, graphic design and digital ...

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If you want to be "innovative," you have to be committed to making a change

If you want to be "innovative," you have to be committed to making a change


It can be easy to gloss over the word "innovation". It has become an ultimate buzzword, rolling off the tongues of business commentators and professionals alike. While the word itself may be overused, academics at The University of Queensland (UQ) say it is possible to take what many may regard as a "vague concept&qu...

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The woman behind the international brand 'bringing orgasms to the world'

The woman behind the international brand 'bringing orgasms to the world'

Long before Eloise Monaghan was selling intimacy to the world as the founder of multi-national lingerie brand Honey Birdette, she drew inspiration from a poster slogan which was tacked to her bedroom wall. "Don't try and slay all the dragons at once." When the idea for Honey Birdette was first conceived over a glass of c...

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Gold Coast startup one step closer to launching its satellites into space

Gold Coast startup one step closer to launching its satellites into space

With the success of its latest rocket engine test, Gilmour Space Technologies is inching closer to launching low-cost small satellites into space. The Gold Coast-based space startup's latest achievement puts Gilmour Space two-years closer to its ultimate ambition of launching low-cost small satellites into space. The latest rocket...

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Five blockchain companies to keep an eye on

Five blockchain companies to keep an eye on

It was the year of the blockchain, and midway through 2017 Bitcoin - the most popular of the many cryptocurrencies - skyrocketed in value. Those who bought the cryptocurrency in 2011 became very wealthy overnight. But Bitcoin is just one of many technologies that is successfully utilising blockchain technology to disrupt nearly every indu...

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Screen Queensland announces new funding for video game developers but industry says problems persist

Screen Queensland announces new funding for video game developers but industry says problems persist

SCREEN Queensland, the Queensland Government's industry body for film and television, is expanding its programs into the realm of video games. From Thursday, Queensland game developers can apply for support from Screen Queensland's Game Development and Marketing Investment. The industry body is looking to sponsor game develope...

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Business sectors that will fly and fall in 2018

Business sectors that will fly and fall in 2018

THE wind and electricity generation industry is set for massive growth in 2018, while motor vehicle manufacturing is set for a major decline, according to analysis from business information specialists. Sectors which made the best use of emerging technologies like artificial intelligence and big data really took off, along with businesses...

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Six entrepreneurs who built their business on social media

Six entrepreneurs who built their business on social media

We've spoken to a tonne of incredible entrepreneurs who've built their business off the back of emerging technologies. Social media has quickly become the go-to place to become inspired with Instagram leading the charge thanks to its emphasis on image. We spoke to six entrepreneurs who owe their success to social media; whethe...

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Tech and startup entrepreneurs reveal their ultimate 2018 wishlist

Tech and startup entrepreneurs reveal their ultimate 2018 wishlist

A NEW YEAR is just around the corner, and with it comes the potential for savvy entrepreneurs to capitalise on a world of opportunity. Tech and startup industries are on a sharp rise in Australia, sectors which have matured exponentially throughout 2017. In this 2018 wishlist, Business News Australia shares insight from many of the co...

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