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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 […]
Andrew and Nicola Forrest’s Minderoo Foundation and the US State Department are backing a syndicate of indigenous Australian venture capital investors aiming to focus on seeding First Nations startups. The launch of Blak Angels by Minderoo comes hot on the heels of the announcement last week that the Forrests had donated a further $5 billion […]
Palmer Luckey sold his first business to Facebook for US$2 billion when he was 21. At 30, he’s bringing his defence disruptor to Australia to build submarines and much more. Palmer Luckey loves Australia. The proud American patriot, famous for Hawaiian shirts and libertarian views, also has a great fondness for Australia’s bureaucrats. “Try spending […]
Lisa Nguyen has been called everything from a drug dealer to a “crazy woman” since launching the country’s first female-led medicinal cannabis business. The skepticism has been worth it as the industry grows and more patients have legal access to medicinal, doctor-prescribed cannabis, she says. Issue Five of Forbes Australia is out now. Tap here for […]
In 2022, millions of Australians had their data accessed by hackers via two major cyber-attacks: Optus in September and Medibank in October. The havoc continued when 14 million personal customer records were stolen from Latitude Financial. Since then, the Australian government has announced changes to beef up Australia’s cyber security. “Sorry too 10.200 Australians whose […]
Five people, including billionaire Hamish Harding, are missing after a small tourist submersible vanished somewhere around the Titanic wreckage. A small submersible, that is around the size of a minivan, and costs $US250,000 per ride has gone missing around the wreck of the infamous Titanic. The vessel, owned by OceanGate, is operated by a single […]
Australian psychiatrists will be allowed to prescribe the active ingredients in magic mushrooms and ecstasy from July 1 bringing a range of risks and opportunities. And business is already setting off on its own magical mystery tour. Burning Man, the great heaving celebration of art, fire and acid in the Nevada desert, “would be the […]
RICHARD WHITE is gobbling up the world of freight software with a personal fortune that has more than doubled in the past 12 months to more than $10 billion. He tells how he went from refrigeration mechanic to Australia’s seventh richest person. Over a glass of wine two relatively unknown geeks were discussing their payment […]
Miranda Kerr made her modelling debut in 1997 at just 13 years of age and by 2013 was the second-highest earning supermodel in the world. In 2009, Kerr became a pioneer of the now multibillion-dollar organic skincare industry, launching KORA Organics. Months after turning 40, the girl from Gunnedah is committed to growing her business […]