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5 founders share their predictions for the coming year for their startups

If the Reserve Bank of Australia has taught us nothing else in 2022, it is that promises and predictions are fraught.

(In case you forgot, didn’t notice or forgot about most of 2021 In 2021, the RBA Board and Governor Philip Lowe have not announced rate hikes for “at least three years” — not until “2024 or later” — until November 2021. This year they have raised rates 8 times — 3% in total.)

But being a startup founder comes with a certain amount of optimism and vision, so we asked four founders to see how they see things unfold for them and their companies over the next 12 months. This is what they said. Fingers crossed for all of them

Sam Pratt

Render CEO Sam Pratt

Render CEO Sam Pratt

What do you think your growth will be in 2023?

Render has grown 30% since July 2022. We are on track to expand it by another 25% before the end of this fiscal year.

Those recruitments will take place in both Australia and the US. We may also recruit people in other markets as we explore the feasibility of further expansion abroad.

Why do you think your business will grow despite the more difficult conditions predicted for 2023?

We are growing thanks to both the funding we received earlier this year and the demand for our services.

The rollout of broadband continues around the world, with resources earmarked for them by the government years ago.

Last year, for example, the Biden administration passed a bill to spend $65 billion on broadband infrastructure across the country.

The challenge now is to deploy these networks as efficiently as possible due to limited resources and tight timelines. Our software solves this problem, so we are well placed to capitalize on this trend.

Mastt co-founder Jamie Cerexhe.

Mastt co-founder Jamie Cerexhe

Jamie Cerexhe

Co-founder and Head of Engineering, Mast

Growth in 2023?

Our baseline expectation for the next 12 months is a 50-75%+ increase in ARR. That requires continued momentum in Australia, along with a greater uptick in North America and the Middle East, where we recently established operations.

In terms of jobs, we plan to increase the workforce by approximately 20%, primarily in product development and sales.

Our technology will be vastly improved by 2022. Fortunately, scale is not a problem for us.

Growing despite tougher conditions?

We are confident because of the industry in which we operate.

Our software is used by governments and owners of large investment projects. These infrastructure projects often cost hundreds of millions of dollars (or billions), and take years to plan and build. So it is inherently a long-term and stable business segment.

Traditionally, it remains relatively isolated during economic downturns. In fact, governments often plan more infrastructure when there is a recession. Which counterintuitively could improve the outlook for the sector.

Andrew Poole, CEO of Quad Lock

Andrew Poole, CEO of Quad Lock

Andrew Poole

DIRECTOR, Quadruple lock

Growth in 2023?

Despite challenging circumstances, we were able to grow our business significantly in 2022 as we stepped out of COVID. we are confident that we can continue this trend in 2023.

This is due in large part to a shift in our post-pandemic strategy to focus beyond digital on meeting our customers in real life through partnerships, leveraging our global ambassador program and continuing growth in our B2B/third sales channels.

We increased our workforce from 42 to 52 in the past fiscal year, while our team has tripled in the past two years. We will continue to assume key roles at all levels of the organization to further strengthen our strategic intent and operational capability.

Growing despite tougher conditions?

We are a global company and building our physical presence in key markets such as the US and Europe will be a critical pillar of our 2023 growth strategy.

This also applies to how we connect with our customers by expanding into new categories. For example, a user who comes to us for a motorcycle case and holder also uses Quad Lock for support while running, cycling or driving.

Our growth during the pandemic is supported by our strong business fundamentals. Had we not perfected our foundation (fulfillment, customer journey and content), we would not have been well placed to capitalize on the growth period during the pandemic first, and also to be prepared and ready to build on our strategy as the market shifted and our consumers returned to more familiar shopping habits.

Kyle Bolto

OhmieGo founder Kyle Bolto

Kyle Bolto

Founder and CEO, Ohmy GO

Growth in 2023?

While it’s been a tough year for technology, we’ve been lucky not to feel the effects.

We had a staggering 2022 growth rate of about 600% year-over-year, highlighting the growing need for electric mobility startups like ours that are challenging the way we move around our cities.

This year we are partnering with some of Australia’s most innovative and sustainable real estate players, such as Frasers Property, Mirvac, Sekisui and GPT, to offer electric mobility solutions as a service and facility within buildings. Given the importance of sustainability for developers and urban planners right now, we expect 2023 to be an even more exciting high-growth year.

Growing despite tougher conditions?

We have built our business for many years in anticipation of this point in time and currently have some very strong tailwinds driving our business.

The transition from petrol to electric vehicles is accelerating, meaning developers and residents alike have much more confidence in the future of electric vehicles. Similarly, demand in Australia right now for new sustainable transport solutions in urban environments is very high and is being embraced by developers and urban planners.

Finally, the rising cost of living and associated pressures are driving people to look for a solution like ours that offers a real alternative to car ownership in urban environments, saving families and individuals thousands of dollars a year.

Foodbomb founder Josh Goulburn

Foodbomb co-founder Josh Goulburn

Josh Goulburn

COO & co-founder, Food bomb

Growth in 2023?

Coming out of the Covid lockdowns, we weren’t quite sure how the hospitality industry would react, but we had a really strong 2022, growing 100 percent year-over-year.

We fully expect 2023 to show similar growth across all of our key metrics, despite the difficulties the tech industry has faced this year.

Growing despite tougher conditions?

The food and hospitality sector was and continues to be most affected by the pandemic and inflation (Deliveroo and Voly are proof of this).

Right now, we’re seeing people going out and booking venues, but we expect that to slow down at some point.

As a result, we are doing several things to future-proof the business, such as looking for the right type of locations, diversifying our revenue streams and working with key players to modernize the industry as a whole.


Shreya has been with australiabusinessblog.com for 3 years, writing copy for client websites, blog posts, EDMs and other mediums to engage readers and encourage action. By collaborating with clients, our SEO manager and the wider australiabusinessblog.com, Shreya seeks to understand an audience before creating memorable, persuasive copy.

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