Book reviews
Just as disruptive start-ups are rethinking almost every industry out there, alternative lenders are assessing risk in an innovative way, using big data in real time to enable more businesses to get the capital they need for growth.
Let’s say you want to sell an everyday product: a pen. You hold your product in high esteem, having gone so far as to name it ‘The pen’. If you’re Riley Nottingham, you’re barely old enough to remember a time when pens were the chief tool for writing letters and documents. And yet, you insist on branding and marketing your pen in the online era — creating thousands of outlets for Thepen (one word) across Australia.
Vamp, an Australian startup that connects global brands with influential content creators, has secured $8.5 million in a funding round, led by Investec
Thirty-seven-year-old Patrick Kidd was an electrician for eight years but was not satisfied. Originally from the far South Coast of NSW, he moved to the UK for two years where he met his future wife who was studying to become a lawyer. The two decided to risk it all and re-mortgage his apartment to start…
Every year, an average of 545 working hours is lost to a company because of IT downtime. That would be equal to a company not being able to do business for almost 23 days, or nearly a month.
Among developed countries, Australia’s rate of entrepreneurship is second only to the United States, with 10.5% of the population engaged in some form of entrepreneurial activity. In terms of gender inclusiveness, too, it is second only behind the world’s richest country. But at 8.4% women entrepreneurs, the number is down from 2010 levels.
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