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Senate Passes Crowd Funding Legislation – Finally

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Well Federal Parliament has finally passed Australia’s first equity crowdfunding legislation.

According to Federal Treasurer, Scott Morrison in his Treasurer’s Second Reading Speech for theCorporations Amendment (Crowd-Sourced Funding) Bill 2016 “The Bill forms part of the government’s commitment to help transition the Australian economy from the mining investment boom to a more diversified economy, with broader based growth, and long-term strength and resilience.”

The new legislation enables unlisted public companies with up to $25 million in annual turnover and less than $25 million in gross assets to raise up to $5 million via equity crowdfunding platforms over a 12 month period.  Retail investors will be able to invest up to $10,000 per company in a 12-month period.

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I Want to Bring On Investors, What are the Legal Steps?

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This Blog Post comes from Ursula Hogben from LegalVision and was first published on their Site on 6 January 2017. LegalVision have signed up on Techboard as a Problem Solver an have a special offer for Techboard users who will receive a 5% discount on their bill if they get a quote via LegalVision’s Techboard Landing Page.

You’ve made your pitch, shared information about your company and agreed how many shares the investors will receive for what investment. You may have signed a term sheet or agreed to the key details informally. Now, what legal steps should you take to bring on board investors?  Read More

Raising the profile of your startup as part of the capital raising process – from the Archives

Peter van Bruchem Leave a comment

This post by Techboard co-founder Peter van Bruchem was first published by our friends at Capital Pitch in November 2016. In the piece Peter highlights the importance of startups investing time in raising their profile even before they are ready to raise capital. 

In this post I explore the importance of investor communications or investor relations for startups and suggest that taking an investor relations style approach before raising capital could be beneficial to a startup. There two main reasons for Startups wanting to raise their profile are customers (finding, acquiring and keeping) and seeking investment. In this piece I will focus on investment and will seek to answer four simple questions Why, When, Where and How. Why take efforts to raise your company’s profile when raising capital? Where, geographically should those efforts be focused? When should a startup start raising their profile and finally how can a startup go about raising their profile?

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3 Tech Start-Ups to Watch in WA

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This post is from our friend Michelle Sandford and is published on her blog Techoutsiders. Tech Outsiders is a social enterprise based in WA that is raising awareness of all the cool people we have working in Tech who are outside the industry stereotype of the “straight white male”. The three companies featured in Michelle’s post were all in Techboard’s top ranked female led Startups for 2016 which we recently published.

Read Michelle’s Blog post here.

Techboard Assembles NSW Panel of Experts

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With Techboard expanding its ranking outside of just Western Australia to Cover New South Wales we have been assembling a group of Startup sector luminaries from NSW to assist with a key input into our Monthly Startup Ranking.

Every month we get our experts to tell us who has caught their eye over the past month. We’re not at all prescriptive in this exercise, it’s entirely up to our panelists as to how they evaluate which companies are most worthy of recognition. They can be startups you they know personally, or have just read about. They might be businesses that have won an award, that have just signed a big customer, or simply where the management team has impressed with what they are doing.  Read More

Three Approaches for Pitching Angels Investors

Peter van Bruchem Leave a comment

Our friend Jeremy Liddle, CEO Capital Pitch has provided this great post on angel investing for us to publish here on Techboard. To read more on Angel investors and angel investing visit Capital Pitch.

Young, new and even struggling businesses are always on the lookout for those opportunities that will change their company. They are tirelessly (standard for entrepreneurs) seeking ways to make their business stronger, more financially stable or opportunities that will take them to the next level. There are many avenues a new company can investigate in this search, and one in particular is making some noise.

Angels, as they are known in the business arena, are private investors who provide their own resources for companies looking to grow. The popularity of angel investors has been steadily increasing globally over the past 20 years. There is even a very popular television program centered on nothing but Angel Investors called the Shark Tank, although this show is NOT a good representation of how to value and invest in a startup! Pitching Angel Investors is not anything like it is shown on television. Despite that, there are some things we can learn from that television program and these are three approaches every company should consider.

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Techboard Celebrates Female-led Startups

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On this International Womens’ Day we thought we would take the opportunity to celebrate the top 10 ranked Female-led Startups from our 2016 Annual Ranking. There are also great initiatives to encourage female entrepreneurship  which we would like to acknowledge, including Springboard, and Shestarts and a bunch of other groups and programs aimed getting our girls into STEM education – too many to mention here but we are aiming to feature some soon.

The table below lists the top 10 ranked female-led startups including their standing in our annual ranking. The Rankings were calculated by adding scores each company we have been tracking in our then fortnightly rankings of trending startups (we have now moved to monthly rankings now that we have taken the ranking national). Read more about our Startup Rankings here.

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February was Fintech month on Techboard – Startup Ranking February 2017

Peter van Bruchem Leave a comment

February was Fintech month, with the category making up half Techboard’s top eight trending companies.

Prospa was the top ranked company, having picked up a $25m investment and an award at the Fintech Business Awards.

The investment round, led by AirTree Ventures, valued the Sydney small business lender at $235m, and received broad coverage in the press and generated strong social media engagement. The startup also won the Lending Innovator of the Year category at the fintech awards.

The top ranked Perth company is 3D printer startup Aurora Labs, ranked second overall. The ASX listed company completed an oversubscribed share placement to raise $7m, and picked up a nomination from our panel of experts. The funds raised have been earmarked to accelerate the development of the company’s medium and large format 3D printers.

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