Today
Building a secretive AI squad to weather the SaaSpocalypse
Culture Amp chief executive Caroline Rawlinson has established a unit to fend off threats from expanding technology while embracing the potential of AI.
Yesterday
It’s not the economy; it’s the main parties
Readers’ letters on the PM’s economic argument, One Nation’s ascendancy, Labor’s tax changes and the KPMG integrity meltdown.
This Month
Former CBA CFO’s Serendipity Capital backs quantum technology start-up
The Adelaide-based start-up’s technology has been deployed on a mission by Elon Musk’s SpaceX. It also counts the Australian Department of Defence as a client.
Denholm calls for more action, less whingeing from start-ups
Tesla’s chairwoman says she has never met a founder who worried about the tax on their eventual company sale when they decided to start a new business.
Scott Farquhar says CGT changes ‘doubled the effective tax rate’
The Atlassian co-founder said it was more important than ever to keep start-ups in the country. But Canva’s Cameron Adams was sceptical founders would leave.
Culture Amp AI specialist claims he was sacked after making complaints
The $2 billion start-up is facing a legal action brought by a former artificial intelligence specialist who claims a co-worker took credit for his work.
‘Albo is my cofounder’ meme is wrong about start-ups
Labor’s tax changes include measures to help start-ups get off the ground, despite what social media says.
May
Investors nervous on all asset classes after Labor’s tax changes
Two separately commissioned surveys show apprehension among investors, including younger people the government was hoping to win over.
Airtree-backed space tech start-up HEO on launchpad for $30m raise
The start-up, which is backed by Airtree Ventures, Y Combinator and UNSW, has held discussions with the Australian government’s National Reconstruction Fund.
Adir Shiffman, Adam Schwab lure ex-Crikey chief to grow podcast empire
The Luxury Escapes chief executive and chair of Catapult Sports have formed a new business and given equity to ex-Private Media chief executive Will Hayward.
This mortgage broker spent $17.5k to send the government a message
Joseph Daoud has invested his own money so federal politicians, policymakers and the media in Canberra can witness his budget discontent.
Cali Press rides healthy-eating craze with plan to go national
The healthy fast-food chain plans to double its footprint in the next three years and open in Melbourne and Brisbane later this year.
Small business owners reject tech start-up CGT special treatment
Non-tech business owners fear being left out of any government carve-outs of the budget’s much-maligned capital gains tax changes.
Five V pours $55m into hospitality tech start-up
Payments and ordering platform Ordermentum has secured $55 million from the Sydney-based private equity firm to fuel its next phase of growth.
Perth couple flee Australia’s taxes for entrepreneur-friendly EU
The federal budget was the final straw for tech founders Yhana and Trent Lanwin, who say they’re leaving with their two children to seek a better place to build.
Software player Monvia preps $100m float
Its backers include Koda Capital co-founder Steve Tucker and Bravura Solutions chairman Russell Baskerville, who could be in line for a quick payday.
Flat 30pc capital gains carve-out fair for founders
This tax rate still represents a 6.5 per cent increase over the previous regime, but it has the symmetry of using the government’s own new minimum CGT rate.
Investors in Barrenjoey-backed Applied EV hit the eject button
A handful of shareholders have tapped Morgans Financial to manage a non-company-sponsored secondary share sale.
‘Another nail in the coffin’: Small businesses slam tax changes
The government says last week’s budget was about a fairer tax system, but small business owners fear it will increase their tax and administrative burden.
I’m a founder. Here’s how Labor can fix its CGT problem
Start by designing targeted incentives and extending concessional tax treatment to companies already identified as genuine early-stage builders.
