AirMail — August 2018 Edition
Our update of what we’ve seen in tech across Australia and New Zealand this month. And a few things we find interesting… FWD to a Friend
The big news 🔊
😄 In major news for the ecosystem, the NSW Govt announced it will establish a new tech industry hub in Eveleigh in partnership with Scott Farquhar, Mike Cannon-Brookes and the team at Atlassian. The plan is for the hub to be Australia’s version of Silicon Valley”. Exciting times for the country’s next gen of startups!
💕 KPMG released the results of their research into the wellbeing of 70 venture-backed founders. This is an incredibly important issue and one that doesn’t get talked about enough. We hope stuff like this helps to open up the dialogue and makes founders feel more comfortable talking about their mental health
💰One Ventures is set to launch a $100m venture debt fund, expecting to be writing loans to scale-ups before end of 2018. Adventure Capital also announced it’s about to launch a $50m venture debt fund (Omega). These funds should help shake up an otherwise pretty sleepy market for venture debt in Australia. For a primer on how venture debt can work for startups, check out this link
🥘 Foodora, German-based food delivery company, quits Australia after citing a shift of focus towards other higher growth markets (though the employment watchdog was investigating the company for alleged sham contracts for delivery drivers)
🔐Israeli supply chain integrity and anti-counterfeit tech firm Security Matters is looking to raise up to $6.5m on an IPO on the ASX (currently pre-rev). This would be the latest in a string of micro-cap ASX listings for early stage Israeli companies, despite the fact that Israel has the highest venture dollars spent globally per capita. Only time will tell how this plays out…🤔
🛒 Why the launch of Amazon Prime in Australia poses a serious threat to the domestic retail landscape
Topics that caught our eye 👀
Will there be a winter before a summer in quantum computing?
Turns out AI thinks our middle finger is useless… the latest research from OpenAI
A novel deep learning architecture can now identify 50 blinding eye conditions at expert human level performance
How hard is it to build a gender-equal engineering team? Insights from Stack Overflow’s 2018 survey of 100,000 developers
We now have robots in the kitchen
The future is market networks
Major funding rounds 💰
What’s on? 📅
5 Sept Sydney: UNSW Founders 10x Accelerator Demo Day — James (our resident UNSW grad) will be attending from our team.. looking forward to seeing what’s in store from this cohort
18 Sept Sydney: We’re judging a student startup pitch comp “Pitch please” alongside our pals at Main Sequence and Textbook. The winner will receive 1:1 coaching from John and Mike — submit your idea here!
18 Sept Sydney: SparkLabs Cultiv8 Demo Day — Adam is looking forward to seeing some game-changing food and ag tech innovation on display
Don’t miss Early Birds for: SaaStock (6 Dec, Sydney) — 1st time in Oceania. An opportunity to join 200 attendees and connect with other SaaS founders to help accelerate your revenue growth
AirTree fam in the news 🗞️
As part of a recent Airtree Speaker Series event Richard Socher (Chief Scientist at Salesforce) presented on his most recent research and sat down with John to talk about where he’s investing and what’s hype vs reality in the AI landscape — full video here
Anil Sabharwal, VP of Google Photos & Comms and AirTree Venture Partner, tackles some hard-hitting questions about leadership, running a global business and the difference between the US/AUS tech scenes
Exciting times for the Australian startup scene as we are seeing interest ramping up from offshore investors and several portfolio companies showing signs of becoming world-class businesses
High profile roles in #startupaus 🇦🇺
What we’ve been reading and listening to 📘🎧
How to Fix the Future Andrew Keen writes about the dangers that the Internet poses to our culture and society and unearths approaches and measures we can take to surviving our digital future
Between Worlds Mike Walsh goes straight to the heart… personal conversations with some of the world’s most interesting people
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