The recent, and now over, the venture capital boom was a global affair. While traditionally crowded markets like North America and Europe benefited from the explosion of capital, other regions with more burgeoning startup scenes also saw big gains in their ability to raise funding. Southeast Asia is an often-cited [...]
The board of ASX small cap IOUpay handed over control to PricewaterhouseCoopers on Wednesday as voluntary trustees after a major fraud involving the siphoning of millions of dollars left the fintech unable to pay its bills. Shares in the Malaysia-focused fintech (ASX:IOU) have been suspended at $0.04 cents since the [...]
To get a roundup of australiabusinessblog.com’s biggest and most important stories delivered to your inbox every day at 3PM PDT, register here. On today’s episode of our Equity podcast, the team dives in to ponder whether First Republic’s stock drop is a victim of the SVB’s collapse, or if something [...]
Worry about mail order business slimming brands Juniper and Pilot by Australian doctors has not dampened investors’ appetites with its parent telehealth company, Eucalyptus, raising $50 million at a $520 million valuation. The round was backed by several existing Eucalyptus investors, including Blackbird Ventures, Woolworths VC fund W23 and US [...]
Updated to note that the Microsoft investment closed in January. The money from VCs reported here, part of a bid, is separate from that. Open AIthe startup behind the widely used conversational AI model ChatGPT, has picked up new backers, australiabusinessblog.com has learned. VC firms including Tiger Global, Sequoia Capital, [...]
ASX-listed job marketplace Airtasker is the latest technology company to swing the scythe through its workforce, cutting 45 jobs – about 20% of its total workforce – as part of a drive to become cash flow positive in fiscal year 2024. The layoffs are mainly in non-income-generating positions, the company [...]
I celebrated a friend’s birthday with a large group a few days ago and realized how hard it is to tell who can’t carry a tune when the whole room is singing the same song. The same goes for B2B SaaS startups: since so many are generally focused on LTV:CAC [...]
Providoor, the restaurant food delivery service born in response to the Covid lockdowns, has fallen victim to their end and was handed over to liquidators today. Melbourne chief and founder of Providoor, Shane Delia, confirmed the company’s demise, effective immediately, after just three years, on Friday afternoon. “Although today is [...]
Most conversations around personas happen with the marketing or product teams. These groups use personas to define typical customers based on their demographics, preferences, values, backgrounds, goals, challenges, aspirations, etc. A persona profile includes a photo and some statements that represent the person. It may include where to reach that [...]
On November 30, 2022, OpenAI launched the AI chatbot ChatGTP, making the latest generation of AI technologies widely available. In the few months since then, we have seen Italy ban ChatGTP about privacy issues, which are requested by leading technology stars a pause in the development of AI systemsand even [...]