Investing in early startups poses inherent risks. So as a first time angel investor, what do you need to consider in order to mitigate these?
Posts Tagged: #Startup
In our first year as an ‘Innovation Nation’ start-ups are finally getting some of the attention that they deserve from the government, big business and the media.
For those businesses nominating for Technology Fast 50, the challenge is more about moving beyond the start-up phase where cash is burned and revenue limited. Getting cash into the business is king! Once in growth phase, tax losses are likely to be carried forward to shelter some scaling of revenue and profitability, which is a natural outcome of the tax system.
To enable your business to scale-up, become more agile and respond effectively to disruptive change, cloud technology applications are critical – and are cheaper and quicker to deploy than traditional ‘on premise’ business systems.
Attracting those with innovative ideas to set up and drive their idea through to implementation in Australia is just one piece of the puzzle. What are the other challenges fast growing start-ups face in cultivating the right infrastructure and processes to support growth?
The ‘fintech revolution’ is not only about disrupting traditional financial services. The genesis of Deloitte Technology Fast 50 2015 company Ingogo, for instance, was triggered by a frustration with catching taxis. Addressing the payment aspect of this experience was essential to the solution, but not the focus.
Australia recognises the end of the resources boom, supports the ideas boom and invests in innovation. This Tech Fast Trend explores how technology stocks having been rising on the Business Review Weekly (BRW) Rich 200 List, while the mining sector is falling.
“When you have a Prime Minister who has himself made money from an internet company, you do seem to get more belief in what our industry can achieve”
“We firmly believe that nurturing startups is critical to the well-being of Australia”
“We are keen to keep this conversation going. Despite this step in the right direction, there are still a lot of unanswered questions for owners of start-ups”