Entrepreneurs

Startups built on OpenAI’s technology are looking for new options after the boardroom coup that ousted CEO Sam Altman.

The Sydney-based drone company landed $2 million in a pre-Series A raise. The funds have facilitated the acquisition of Brazilian mapping firm Mappa and the global launch of AerologixMaps.

I flew from New York to Miami recently, invited to spend a day inside a VC office. This brief trip with Fuel Venture Capital was a masterclass in the relentless spirit that drives the top businesses to succeed.

The $3 million investment into First Australians Capital was made through Block’s social impact fund. Block is the Dorsey-founded parent company of Australian fintech super unicorn Afterpay.

Sam Bankman-Fried is an albatross around the neck of blockchain entrepreneurs – and that’s a problem.

The seed round was led by Blacknova VC, Salus Ventures and CoVentures. Phantm works Starbucks Australia and MECCA to replace plastic with sustainable alternatives.

Bumble cofounder Whitney Wolfe Herd will step down as the dating app company’s chief executive, the firm announced Monday morning, as the former billionaire Wolfe Herd slides into a new role while Bumble’s growing pains as a public company continue.

Make Ron Shaich angry and he might build a business to compete against you, or a political party to defeat you. He speaks with Forbes about lessons in business and life.

The theme of Indigenous business month for 2023 is ‘To gather, together’ which serves as a powerful reminder that we work best when we unite and collaborate. 

The Summit community is an elite group of high-growth tech entrepreneurs who band together to help each other through the gruelling start-up and growth grind. The group is a part of Innovation Bay, which also facilitates communities of VCs and angel investors.