Entrepreneurs

Ten-year-old startup Andela, valued at $1.5 billion, expects to grow its tech contractor marketplace by 15% this year.

Suppliers of magic-mushroom-derived psilocybin and MDMA, aka ecstacy, are rushing to meet the market created by Australia having allowed their clinical use. Two founders speak to Forbes Australia.

One of Australia’s most promising companies that builds no code software programs for the construction, oil, gas and mining industries, has acquired startup Nomad. Sitemate founder Harley Pike tells Forbes Australia exclusively how the Nomad will accelerate Sitemate’s mission

Of the Next Billion-Dollar Startups list’s 225 alumni, 131, or 58%, became unicorns, including DoorDash, Figma, Anduril, Benchling and Rippling. This year, the list is dominated by artificial intelligence.

Until last month, Jessy Wu was a Partner at a venture capital fund. In this piece, she explains how she made the decision to leave, and go all-in on building an AI-enhanced professional services company.

Forbes released its list of 25 venture-backed startups most likely to reach a USD$1 billion valuation. Melbourne’s Chris Power and his LA-headquartered aerospace manufacturing firm Hadrian made the cut.

Eighteen Australian companies have made Forbes Asia’s Best Under a Billion list, which highlights 200 Asia-Pacific public companies with less than $1 billion in revenue and consistent top-and-bottom-line growth.

Collapsed crypto exchange FTX and its sister trading firm Alameda Research must pay $12.7 billion, a New York-based federal court ruled on Thursday.

Emily Hamilton launched her viral beauty brand Coco & Eve in 2018, bootstrapped by her and husband Alexander Ostrowksi. Fast-forward to today, and the company’s just sold a majority stake in the business to US private equity firm Gauge Capital – and says it’s on track to exceed $120 million in revenue for the 2024 calendar year.

Founder Tim Fung has turned his jobs marketplace, Airtasker, into a household name thanks to shrewd deals giving media companies a slice of the action, but cracking the US hasn’t been quite so simple