Wednesday, May 16, 2018
Who do you think the 10 top companies will be in 100 years?
- Energy /food/water
- Hybrid of banking , communication and tech
- 1920 - $5-10b
- 1980 - $50b - 100b
- 2020 - $500b - 1tril
- 2050 - ??
- 3000 - ??
Tuesday, May 08, 2018
- So what is this R and D incentive
it is basically a cash rebate to incentivise you for developing innovative products and services.
you could get back between $13,500 and $43,500 depending on your Companys' profitability.
- Are you Eligible
If you are
- an Australian Company
- Undertake R&D Activities in Australia
- Spend Over $20k
YOU COULD BE ELIGIBLE
ps ... if you are 3 years old and your turnover is greated than $1.5m there are a whole host of other grants you can claim
- SME's don't claim for a whole host of reasons
- They dont have adequate systems to record R&D activities
- They do not know what R&D actually is (the legislation is very murky and difficult to interpret - even by the experts
- They don't know what they don't know
Some research indicates that at least 50% of SMES undertake R&D activities and could potentially claim this incentive - but only 1% do!
- The Risk
Budget 2018 Changes
- Changes to percentages to be claimed with companies whose turnover is greater than 20m - giving more to those who spend more on r and d as a percentage of revenue .
- Caps on spend
- Those that claim - names and amounts will be published
- Bigger budget to be spent on compliance - so ensure you have your claim verified and auditable!
Thursday, April 26, 2018
Oovvuu has just closed a $3.8m round led by CapitalPitch and Cygnet Capital.
Ricky was a headline keynote at the IBM conference in Las Vegas earlier this year.
Founded in 2014 by former Fairfax Media and broadcast executives, Oovvuu combines ground-breaking proprietary technology with IBM Watson AI capabilities to match video from 75 global broadcasters with articles from publishers in 143 countries in near-real time.
The company’s mission is to insert contextually-relevant videos into news articles on trusted news sources around the world. Despite the video consumption boom, only seven per cent of news articles currently feature relevant videos.“Oovvuu is one of the most exciting companies we’ve ever seen, with the potential to disrupt the advertising duopoly of Facebook and Google on a global scale.” Say Emlyn Scott , CEO of Capital Pitch
We believe Australia needs more technology startups like Canva and Oovvuu; globally competitive companies that solve massive problems, scale up and create jobs.
Watch “my Recruitment Plus” and “referron”
Wednesday, April 25, 2018
A few months on from raising a US$40 million ($51 million) round that saw its valuation push past the $1 billion mark, online design startup Canva is on the acquisition trail!
Canva’s CEO Melanie Perkins is using its financial clout to acquire great teams - and technology along the way.
This bodes well for Australia’s start up industry - in need for innovative growth tech companies.
One such team is Zeetings
Founded by Robert Kawalsky, Tony Surtees, Neill Miller, and Adam Schuck - with $2m of capital raised - and 1million people having used the technology in 50 countries since 2015. Zeetings allows users to add interactive elements such as polls and group chats to presentations, which participants can engage with through their own device.
(Ivan’s comment ...Their biggest asset is the amazing team of humans .... Robert, Tony, Neill and Adam are awesome !!!)
Canva has been doubling its headcount each year since launching. This year it intends to go from 280 people to more than 400..
Canva focuses on building small teams who work together to solve problems, set smart goal and achieve them! These teams are capable of making their own decisions.
“It's been incredibly important to find the right people, people that think like a founder and are passionate to solve problems and are capable of making their own decisions." Says Melanie
This is a model for the future, and will bear well for a great growth path for Canva !
Onwards and upwards !!
Monday, April 23, 2018
- Have a vision
- Find the pain
- Create the pain killer
- Test it with 100 people
- Find funding from fff (fools family and friends)
- Get 1000 users
- get to 10000 users
- Grow grow grow
- Refine - pivot - refine - pivot
- Find the magic formula
- Find Vc funding
- Spend it And Make mistakes
- Find the magic formula
- Start scaling with series A finding
- 100,000 users
- Roll out internationally
- Series B funding
- Reach the tipping point
- Year later - overnight success