Larry Diamond and Peter Gray enjoyed early success with their buy now, pay later company Zip, formerly Zip Co, when it launched in 2013. By 2019, their company had reached a $1 billion valuation. But as investor sentiment around the buy now, pay later industry soured, so did the company’s share price. It’s now near […]
Just 0.7% of all venture capital in Australia goes to 100% female-founded and led businesses. For US-owned VC fund, F5 Collective – which has invested in seven APAC, female-led businesses over the past year – it’s a huge opportunity. In fact, it wants to invest in 1,000 female founders by 2030. It’s no secret that […]
The first episode of Shark Tank proves that a good idea that solves a common problem, combined with a healthy dose of sheer determination is sometimes all it takes to start a fast-growth company. Key Takeaways Skincare entrepreneur Davey Rooney was the first entrepreneur to face a new panel of judges on the latest season […]
If there was ever a case for entrepreneurs being born and not made, Ruslan Kogan is it. He talks exclusively to Forbes Australia about his journey from being a migrant kid in housing commission flats in Melbourne to one of the country’s most successful tech entrepreneurs. At the age of six, for example, he discovered […]
Naomi Simson is the founder of experience gifting giant RedBalloon and one of Australia’s best-known entrepreneurs. In 2017, she co-founded Big Red Group, the biggest experience marketplace in Australia and New Zealand. It serves an experience every 18 seconds – the equivalent of 1.5 million a year. The former Shark Tank judge shares the habits […]
How a bunch of school friends built a $3-billion company in Brisbane’s Logan district. Andrew Barnes and Vu Tran were in high school and needed a job. They could have stacked shelves at Coles for $15 an hour. Instead, they started a software business and “made a dollar an hour”. Watching on in the year […]
Australians love a good, healthy tan, and nobody knows that more than Bondi Sands co-founder and CEO Shaun Wilson. The company, which controls more than half of the Australian self-tan market, has been acquired by Japanese-owned multinational, Kao Group, for almost $450 million. Wilson told Forbes Australia‘s, Jane Lindhe, that he’s been in discussions with […]
Nick Humphreys and brothers Alex and Anthony Zaccaria co-founded Linktree: a tool allowing social media users to share multiple links on their profiles. It was last valued at about $2 billion. Subscribe to Forbes Australia for full access to this and all articles today Subscribe Already a subscriber? Sign In
After slowing down last year, venture capital deals for Australian startups look even scarcer in 2023. But not all sectors are equal, with some more favoured than others. Data journalist Juliette O’Brien takes the pulse of this country’s startup ecosystem and reveals where the money is flowing. It’s been a sluggish start to 2023 for […]
Software company ReadyTech was bootstrapped for its first five years by backpacker co-founder, Marc Washbourne. Today, the ASX-listed company with a market cap of $350 million employs 500 people around the globe. Washbourne explains how those tough early years primed the business for success. Marc Washbourne was a twenty-something history graduate and self-taught software developer […]