Entrepreneurs

Key takeaways from the young entrepreneurs and innovators who appeared at the Forbes Under 30 Summit 2023.

The man behind the Duty Free Shoppers retail giant who vowed to die with just $2 million to his name died Monday, his foundation announced, after giving away more than $8 billion to educational, health, science and social causes.

Seventy-seven deals were announced in the third quarter of 2023, with total funding this year slightly outpacing 2020 – but still well below 2021 and 2022, Cut Through Venture’s Australian Venture Capital Funding Report reveals.

The third Mark Zuckerberg is ready for his closeup.

As of October 1, the ranks of the wealthiest people on the planet include 9 self-made Americans and a French luxury goods tycoon.

Athan Didaskalou and Richard Li, the co-founders of prestige luggage brand, July, started the business after tossing up a number of product ideas in categories primed for a shake-up. Five years later, July – the premium, design and innovation-focused luggage brand – is one of the fastest growing companies in a category that up until five years ago, was an outdated, dying category.

As social media’s poster boy approaches 40, he’s having his Bill Gates moment: mellowing (a bit), maturing (a bit more) and upending his company with staggering confidence. It’s a big bet on the future of daily human life—and his legacy.

There are now new pathways to art ownership that include private syndicates and immersive art fairs for investors.

Australian hospitality tech platform Ordermentum has acquired food marketplace Foodbomb and raised $16 million in a bid to accelerate its national growth strategy and to further digitise the food and beverage industry.

Instacart’s three cofounders cashed in about $100 million from the IPO while firms who bought into InstaCart’s 2021 funding round dealt with a near 70% unrealized loss.