Thursday, September 21, 2017

A gamified trading platform - Trading Samurai

This is an investment that I am going to make!!! ($10k from my superfund - and will look at the result in 2020)

I have been following the progress of trading pursuits and trade samurai, and I believe this could be a listing within 3 years..... this could be the trading platform of choice! 


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Hi Ivan,

This is to let you know that I will be hosting a special live webinar this coming Monday nightSept 25, at 7 pm, right after my usual weekly Market Review webinar which starts at 6 pm.

This special webinar will be to discuss the new Trade Samurai App and the opportunity to invest in the business behind the app.

We are very excited about Trade Samurai.  We will be able to deliver excellent quality education and trade recommendations to clients in 17 different countries around the world!  The growth and revenue possibilities are enormous!

We teamed up with IG.com, who is one of the largest FX and CFD brokers in the world.  They will help us to reach potentially millions of clients.

The Trade Samurai business is made up of four parts:

1.  Trading Education

2.  Expert Trade Recommendations

3.  Broking transactions

4.  Social connection

No other service like Trade Samurai exists today… Where clients can download the App for free and gain a strong understanding of trading by playing a series of games and challenges, all set around a Samurai theme.

They can also subscribe to expert Traders and receive regular trade recommendations right to their mobile device to match their trading style.

They can then place their trades through IG, an award winning, multi-instrument, international platform.

As a business, we generate revenue through both the monthly trade rec subscriptions and the transaction business generated with IG.

It's a very high income, low overhead business industry.  IG's own profit margin was 43% in 2017!

There is an opportunity for you to become an investor in this highly scalable, international business, starting at a minimum investment of only $2,499 AUD.

The aim of the directors of the business is to grow the business internationally and to either list the company on the Stock Exchange or trade sale it for a substantial return for shareholders.

For more information about the business please visit www.tradesamurai.com/investors where you can watch a video about the investment opportunity and also download the Offer Information Statement and share application form.

The live webinar I will host this coming Monday night at 7 pm will be an excellent opportunity for you to ask me live questions and to gain a strong understanding of the business and investment potential.

As a special, limited time bonus, Trading Pursuits are offering all new investors the opportunity to receive our amazing Case Study videos.  These videos describe six of the most volatile moments in market history, and how money could be made during those times.  These case study videos were previously only available to our Elite clients.

The videos will be made available at no charge to every new Trade Samurai investor, but only until September 30, 2017.  So be quick with your share application forms!

You can invest in a variety of different investment structures, including your personal name, Self Managed Superannuation, family trust, company, etc.

If you have any questions, please feel free to contact me at invest@tradesamurai.com

I look forward to seeing you at the webinar!

Sincerely

Savannah Jackson

 

SavannahJackson Sig.png

Monday, September 18, 2017

10 NSW Startups collaborate with the Israeli Innovation Community

Minister for Innovation and Better Regulation Matt Kean MP
15 August 2017 

Ten NSW fintech and cyber security startups are headed to the epicentre of Israel’s startup ecosystem next month for a ten-day global innovation masterclass.

Minister for Innovation Matt Kean said the final startups (listed below) now had a unique opportunity to harness the Austrade Landing Pad in Tel Aviv, after a competitive application process.

“NSW has some incredible startup talent, particularly in the fintech and cyber security sectors, and this is a fantastic opportunity to showcase that talent on a global stage,” Mr Kean said

“The opportunity for the state’s best startups to visit Tel Aviv and learn from some of the world’s top innovators is absolutely the chance of a lifetime.”

Mr Kean said the ten-day mission was sponsored by the NSW Government, in partnership with Austrade, and aimed to strengthen links between NSW and Israel startups.

“Our emerging innovators will be mentored by world-leading entrepreneurs, meet with venture capitalists, and be immersed in the Tel Aviv startup ecosystem,” he said.

“The NSW Landing Pad mission is all about helping home grown startup talent develop their business models to in turn excel in global markets.”

The ten-day intensive program includes:

  •          Meetings with mentors to address business or technical challenges;
  •          Opportunities supported by a new NSW/Israel innovation agreement;
  •          Meetings and engagement with globally successful Israeli fintech startups; and,
  •          Attendance at the world’s biggest startup industry event, the DLD Festival.

Minister for Trade and Industry Niall Blair said the NSW-Israel trade relationship was going from strength to strength.

“NSW is the startup capital of Australia so it makes sense that our ties to Israel’s innovation ecosystem are robust and ongoing,” Mr Blair said.

“This year’s cohort also demonstrates NSW innovation isn’t just Sydney-centric with some outstanding entrepreneurs from our regions too.

“I look forward to welcoming Israeli startups to NSW where our rapidly evolving startup ecosystem has been boosted by the new Sydney Startup Hub.”

The 2017 NSW Government-Austrade Tel Aviv startup mission participants are:

  •          DSYNC
  •          Goodments
  •          Ping Data
  •          Currencyvue
  •          First Rung
  •          Upload Once
  •          FARMpay
  •          Ditno
  •          Audeamus Risk
  •          Spriggy

Sunday, September 17, 2017

Money attracted to startup scene


Meet the startups that just pitched at EF’s 8th Demo Day in London

Posted yesterday by Steve O'Hear (@sohear)


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14 newly formed startups pitch their wares onstage to investors, press and other actors in the European tech scene at Entepreneur First (EF) 


 EF founders Matt Clifford and Alice Bentinck have just raised $12.4 million in new funding led by Silicon Valley’s Greylock Partners and Linked IN's Reid Hoffman. 


Hoffman described EF, which along with London also runs a program in Singapore, as a “great model for creating new, deep tech companies on an incubation basis.”


To date, EF says it has helped more than 500 individuals on its program, who have built more than 100 companies with a total (mostly on paper) valuation exceeding $1 billion. 


This is how EF works: The company builder targets technical and domain talent, both recent graduates and also people already working at tech companies, and invites them to apply to its six-month program where they find co-founders and in turn found startups. The program includes financial support in the form of a monthly stipend for living costs while founders find their co-founders and decide on an idea.


This is then followed by pre-seed funding, in addition to office space, legal and administrative support and mentoring and advice from the EF team and external entrepreneurs from the wider U.K. and Singapore startup scene. 


There’s also a separate follow-on fund to co-invest in alumni companies at the seed and Series A stage.


Sounds a lot like our BSI Investor Forum in Australia!!!! 


The full list of presenting teams (in their own words) of EF


Metis Labs
Metis Labs is general intelligence for industrial systems.

Kiroku
Kiroku is capturing the value of expert conversation.

Kue
Kue reinvents consumer credit and changes how we purchase.


Robik AI
Robik AI builds autonomous vehicles to slash the cost of last-mile delivery.

Migacore Technologies
Migacore Technologies uses online signals to better predict travel demand.

Machine Medicine
Machine Medicine uses computer vision to predict and prevent falls before they happen.

Mobilus Labs
Mobilus Labs is a hands-free, ear-free voice platform.

GTN
A quantum leap in drug discovery.

Agrosight
Agrosight detects plant diseases early using hyper-spectral signals, dramatically reducing the cost of food production.

Sensum Technologies
Sensum Technologies uses advanced statistical and machine learning algorithms to predict and prevent preterm birth.

CargoMate Technologies
CargoMate Technologies saves millions in fuel costs by helping container ships leave port early.

ConnectMed
ConnectMed is plugging the primary healthcare gap in developing countries.

Portify
Portify is building the infrastructure for the future of work.

Resurgo Genetics
Resurgo Genetics is building a universal tool to precisely change any living system.


Thursday, September 14, 2017

Red Dot raises a further $5.2m



Singapore’s Red Dot Payment, a fin tech - payment gateway startup founded by a team of ex Visa and MasterCard executives, has closed a $5.2 million Series B round to grow its business.

Investors in this fintecc includes GMO Venture Partners from Japan, Wavemaker Partners, Skype co-founder Toivo Annus, MDI Ventures, DORR Group and Indonesia-based operator Telkomsel.

Reddot focuses on hotels and the hospitality industr and enables online payments via a gateway, and  offers online invoicing, recurring payments and alternative payments. 

It's competition  include 2C2POmise and Midtrans.

Money is being attracted to SEA startup scene

Inspired From Techcrunch  https://techcrunch-com.cdn.ampproject.org/c/s/techcrunch.com/2017/09/13/insignia-venture-partners-fund-25-million-yinglan-tan/amp/



Singapores YinglanTan -  former Sequoia venture partner and Lin-Hong Wong. (former  Singaporean sovereign fund Temasek and the Singapore Economic Development Board)has raised $25 million for its maiden fund called Insignia Venture Partners  and it made its first investment.

It is leading a $4 million investment in Indonesia-based co-working startup Ev Hive, a source close to negotiations told TechCrunch.

The $25 million fund plans to focus on the seed and Series A space in Southeast Asia, a segment that once was seen as a gap but now is becoming well filled with funds. Other VCs playing in the space include Golden Gate Ventures ($50 million), Jungle Ventures ($100 million), Venturra Capital ($150 million), and Monk’s Hill Ventures ($80 million.)

Sequoia is one of the few investment funds that operates in the Series A and Series B spaces in Southeast Asia. Despite that and growing interest in the region from major tech companies, with recent deals from Alibaba, TencentSoftBank and Expedia, it doesn’t have a dedicated fund in South East Asia , but its deals are covered by the Sequoia India fund. The current India fund of $850m is the firm’s fourth.

Earlier this summer, Sequoia secured $4 billion in fresh financing, including $2 billion for its growth funds, according to a U.S. filing. The firm decline to provide details on how the capital will be allocated, but a good bet is that a large chunk will be put to work in Asia. Indeed, according to report, $125 million of that fresh allocation was funneled into the current India fund.

Hopefully Australia will get a gurnsey!!!!

Tuesday, September 05, 2017

Stone & Chalk, Westpac, and Data Republic partner to launch data accelerator FUELD

Inspired by  startup daily http://www.startupdaily.net/2017/09/stone-chalk-westpac-data-republic-partner-launch-data-accelerator-fueld/
Alex Scandurra - Stone & Chalk
Local fintech hub Stone & Chalk has announced a partnership with Westpac and secure data exchange startup Data Republic to establish FUELD, a new accelerator program looking to match startups working in the data sphere to corporates.

Alex Scandurra, Stone & Chalk’s CEO is excited to host Murray Hurps leading the FUELD venture, a JV With AWS and Westpac-backed venture capital firm Reinventure Group.

FUELD will provide startups working with data solutions 

  • Initial funding 
  • the chance to participate in a three month intensive program, 
  • streams of Datathrough Data Republic’s platform, as well as access to anonymous data aggregated by Westpac. 
  •  matching participants with businesses or “real customers” who will be ready to pay for their solutions at launch.
  • Cross collaboration with established corporates and startups 

“Corporates have business problems, startups have business solutions, there are organisations with big customer data sets, and these players don’t ordinarily talk together. This cross-ecosystem collaboration will connect these dots, and better yet, startups will be guided by world-class mentors to rapidly develop, test and commercially launch new products,” Skundarra told start up daily 

Speaking to corporates within Australia, Scandurra said tcorpirates need to innovate or die! 

“Westpac are one of the founding partners of Stone & Chalk and it’s great to see a large Australian bank take such an open and mature approach to innovation. Other organisations can take note from this model to accelerate solutions to their business problems, because once defined, they can be solved in a matter of months – not years – then executed back into the business, and commercialised to ensure the future success of the startup,” he said.


Monday, September 04, 2017

Having a Spirit of Generosity activates the pleasure and satisfaction centres of the brain




Showing Humanity and Charity Changes The Brain...

Being compassionate and selfless allows people to be guided by their higher selves and thus allows us to operate at our advanced brain power.

It is why one of BBGs pillars of "having a spirit of generosity"  is so important.

Did you know that being charitable, volunteering and acting out of compassion changes your brain?
Brain imaging studies have shown that TWO major changes take place in the brain when we do charitable works…

1. The positive-emotional brain circuitry as well as the pleasure and satisfaction centers in the brain are activated.

2. There is a high activation of gamma brain waves which indicates new brain cell wiring (or neuroplasticity) that grows as if stretching from the old branches of an ancient oak tree.

Why do these brain changes matter?

The activation of the positive-emotional circuitry along with the new tracks allows us to feel good about ourselves and our contribution to the greater good. 

When the brain feels good it will continue the charitable behavior making it a habit and natural way of life.
(Harbaugh, Science 316, 2007);  William T. ; Carter, et al., 2009)

Sunday, September 03, 2017

Kanwal Rheki getting a 100x return in 1995



I did most unusual thing in 1995 when I wrote this check of $200,000 to Exodus to save them from shutting down. They were at the end of line, needed cash to stay alive. There was no time to do do any due diligence or legal paperwork. This loan was done with a simple agreement memorialized on a hand written agreement.
It turned out to be the best invest ever made by me. At it peak it had grown 1000X and was worth $200 million. I was not smart enough to get out when the going was great but I was able to sell this investment for $20 million, a mere 100X. For the longest time I felt angry at myself for being stupid. Now I will take 100X return any day without feeling stupid!!!


Comments from article

Kanwal - Seed level investments are very risky, like buying a lottery ticket. But I did nothing but that for 10 years and was very successful at it.

Kanwal - In VC business one has to be lucky to make money but as you know luck favors those who who prepare.

I had gotten very impressed with the people (ChandraShekhar and BV Jagadeesh) and the business idea.


James Thomason - Do you believe in the butterfly effect? Because of your investment, I moved from Alabama to California, where I remained for the next 20 years and 13 startup companies.    I was the 28th employee at Exodus in 1996 , if memory serves.   I met my wife in San Francisco and started my first company there.


On what to invest in 


Kanwal - it's all about the team! 

Tuesday, August 29, 2017

Blockchain is revolutionising Finance and Banking


The shift from a centralized digital infrastructure to a decentralized digital infrastructure enabling an ecosystem of an immutable, secure, real time, distributed network has witnessed a rapid uptake from leading banks across the globe. Financial players are among the first movers to capitalize on this technology even though it is still at a relatively early stage. 

A lot of players are implementing Blockchain in the areas of Trade Finance, Cross-border Payments, Bill Discounting, Supply chain financing, Loyalty and Digital Identity areas according to Prateek Kumar, CEO at Kumar Capital Partners.
 
BCT applicability has a significant impact as the data shared among the banks/financial institutions in the blockchain network related to transactions, transfer of ownership, settlements, values/asset transfer etc, removes the dependency on the intermediaries who are mainly required in the traditional infrastructure. It improves interoperability, efficiencies, vulnerability.
 
 
The banks are concerned for an effective applicability of BCT as they are constantly in strive to develop and establish ubiquitous payment network with an appropriate regulatory framework to identify parties (Legal and Regulators) and validate electronic signatures. A smart contract is required significantly here from the legal perspective with standardized contractual clauses to authenticate the transactions.
 
BCT streamlines and simplifies the current procedures with the application broadly categorized into the following use cases:
 
1. Reduction in Frauds:
 Minimizing growth in fraud, Cyber attacks, points of failure, replaces obsolete IT infrastructure.  The multiple manual procedures used in banks and financial institutions create plenty of errors, manipulations, delays and frauds.
 
2. Trade Finance:
A blockchain solution can capture the details contained in a purchase order, bill of lading, invoices, tracking of shipment.  A trade finance solution with multi-signature solutions based on BCT can include all this information as secure BCT digital assets.  It reduces turnaround time, time and costs.
 
3. KYC:
 The current challenges are transaction delays, high compliance costs, large penalties for failing to follow KYC guidelines, negative customer experience, no international agreed standard.  An average annual spending on KYC compliance by banks is $50 million.  Some banks incur an annual cost of $400 million combining KYC compliance cost, Anti-Money Laundering checks and Customer Due Diligence.
 
Goldman Sachs Report a 10% headcount reduction with the introduction of BCT in KYC procedure (amount- $420 million), annual cost saving of $160 million,  reduction in employee training of 30%.  The overall operational cost savings estimated- $2.5 billion.   AML penalties reduction between $0.5 B to $ 2 B.
 
4. Trading Platforms:
BCT mitigates the risk of double spending and means to exchange assets without intermediaries, operational risks and admin costs made transparent and immutable, traceability and permanent historic record on blockchain of every item of value traded provides assurance and authenticity all the way through the supply chain back to the point of creation.
 
BCT provides a distributed and verifiable trust that was not present before. Moving clearing & settlement costs into a digital record on a blockchain in real time will save $20 Billion a year or more.
 
Payments related use cases are  ICICI, India’s largest private sector bank, Emirates NBD, a leading banking group in the middle East,  Yes bank, India’s 5th largest private sector bank with IBM Hybrid Cloud technology, Axis bank, India’s third largest private sector bank, working in association with the fintech firm Ripple for cross-border intra bank transactions.
 
Bank of America, Merrill Lynch, HSBC and the Infocomm Development Authority of Singapore have  success with distributed ledgers to replace paper-based Letters of Credit in trade finance transactions. The application enables exporters, importers and their respective banks to share information on a private distributed ledger. The application uses the open source Hyperledger as blockchain fabric, supported by IBM Research and IBM Global Business Services.
 
Barclays have carried out the world's first trade transaction using BCT, cutting a process that normally takes between seven and 10 days to less than four hours.
 
If you sell your crypto currency it will go to a million dollars.  If you hold on, it will go to zero

Thursday, August 24, 2017

Interesting stats on the Victorian Startup Landscape

Great article sourced from startupdaily http://www.startupdaily.net/2017/08/victoria-startups-diversity-talent/
Victoria
Are women adequately represented in the startup scene? 75.4 percent of founders are male; 

A report, Mapping Victoria’s Ecosystem, is a result of a survey produced by LaunchVic in collaboration with Startup Victoria and dandolopartners, which polled over 1600 companies across the state.

The report had some great insights:-

1. The three biggest sectors for Victoria’s tech ecosystem are 
  • Health, 
  • enterprise and corporate, and 
  • media and entertainment 
representing a combined 33 percent of the state’s startups, while health alone provides 26 percent of jobs in the space, according to a new report.

The Report is based in a survey calling for responses from startups, which it defined as ‘any business with high impact potential that uses disruptive innovation and addresses scalable markets’, 1137 met this definition.

Dr Kate Cornick, CEO of LaunchVic, said this initiative 
is a useful tool for key decision makers in terms of better understanding the makeup of the Victorian startup ecosystem and how best to support it. 

Startup Victoria CEO, Georgia Beattie added that the report will be an “important playbook” for the state’s startup community - enabling collaboration and connection - facilitating the connection of founders to capital and meetups and accelerators and corporates to founders"

Victorian successes of Note include 
  • REA Group valuation $8.7 billion, 
  • Seek  valuation of $5.9 billion and 
  • carsales.com.au with its $2.8 billion valuation.
  • Redbubble - $100m plus - with a trajectory to unicorn status 
Feel free to identify others 

For the majority of founders - the journey from founding a startup to growing into a successful later stage company is “a long one”. 

While the fastest growing firms are reaching the growth stage in around three years, and later stage in eight or nine, on average it takes startups six or seven years to graduate from early stage to growth stage, and approximately a decade to hit the later stage definition.

Interesting stats 
 
Eighty percent of companies surveyed provide a digital product or service, with almost 40 percent targeting business customers, 28 percent targeting consumers, and 16 percent targeting government customers.

In targeting these customers, a significant portion of the state’s startups are executing a monetisation strategy and taking on revenue, with almost 12 percent earning between $1,000 and $10,000 annually, 22.8 percent earning between $10,000 and $100,000, and just over 28 percent earning between $100,000 and $1 million. (62% sub $1m ) 
 14 percent are earning between $1 million and $10 million, 

while 2.1 percent have annual revenues of over $10 million.These are likely the state’s "gazelles and unicorns"

Other interesting stats 

2 out of 3 are exporting, with the US and UK the most common target markets, followed by China and New Zealand. However, 62 percent of firms reported having a majority Australian customer base.

The state’s companies, the report found, are broadly well-supported
  • 21 accelerators currently running and six new programs in the pipeline. 
  • 190 meetup groups focused on startups and entrepreneurship organised across the state,
  • 150 coworking spaces.
Almost 60 percent of companies are accessing support from mentors and advisors, and 81 percent have partnerships with external organisations, from universities or research institutes to suppliers, distributors, or industry associations.

34 percent of founders were born outside of Australia, while 56 percent have at least one parent born outside Australia
75.4 percent of founders are male; as data from the latest Startup Muster report shows, however, this is in line with the wider startup ecosystem nationally. 


The report also found that while the average age of all founders is 36, women are more likely than men to found a company past the age of 45.

Gender diversity is greatest in the social enterprise, design, and real estate spaces, and poorest in the energy, data and analytics, and sports and recreation fields.

Diversity in terms of location is also a significant question, with 97 percent of respondents based in Melbourne, and 71 percent located primarily within the inner city and south eastern suburbs.

Of the three percent of companies outside Melbourne, Geelong, Bendigo, and Ballarat have the highest representation. 

It will be interesting to see whether this increases over the coming years, given the support LaunchVic has given to regional initiatives through its three grant funding rounds.

Also needing to improve is access to talent and skills, with skills around computer science and sales and business development, those considered the most important by firms, also the areas firms are facing the most difficulty recruiting for.

Looking internally, firms reported having a low capability around their own strategy and governance and financial management, though they have established systems and processes around things such as improving customer relationships, developing sales channels, and identifying growth drivers.

Image: Georgia Beattie.

Are most Successful Founders College Dropouts?

The Bob Pritchard Column 

Zuckerberg, Gates and Jobs are white, male, American, college dropouts, so college dropouts make successful entrepreneurs… well that's the leap many people make.   

However, when you add Mason, Parsons, Brin, Page, Hurley, Yang, Cuban, Omidyar, Hastings, Wang and Bezos, now we are down around 20% and a lot less homogeneous.
 
In reality these stories about billionaire/millionaire drop-outs overlook the fact that there are 34 million college drop-outs you don't hear about. This group is 71 percent more likely to be unemployed and four times more likely to default on student loans. Far from being millionaires, on average they earn 32 percent less than college graduates.
 
A minimum of 97% of startup entrepreneurs fail and the primary reason is a lack of skills in business disciplines.  

They may have great ideas but they don’t have the education or the experience to succeed.
 
Sure, there are some dropouts who do succeed:
 
Those who see an opportunity that exists in the moment and will not wait for three years until they complete their degree.
 
Those with unique personality traits which help in succeeding as an entrepreneur or have entrepreneurial parents and a network of family, friends and acquaintances who open doors and provide a safety net.
 
Exceptional individuals whose hard work, determination, and intelligence make up for the lack of a college degree.
 
But they are an extremely limited few. Making it a generalization and effectively encouraging kids to drop out of college is in my view extraordinarily irresponsible.

The vast majority of kids, especially those from disadvantaged families, need college to improve their circumstances. A recent UCLA study found that those who are least likely to attend college, including kids from disadvantaged backgrounds, benefit most from a college education.  For them, college is not a choice but a necessary and vital stepping-stone toward a future of opportunity. It is the platform from which whole families can be lifted to better prospects. 

The Australian Landscape 

A new Australian study shows that over 80% of  startup founders are university graduates. Sure, many students now want to start their own businesses and careers rather than work for someone else.  But they take advantage of college courses that teach them the entrepreneurial skills they need to turn a clever idea into a new business.  

Startup Muster surveyed more than 600 startup founders to compile the report, with 64% having university-level software development skills and 61% in business. Marketing (37%), scientific research (13%), engineering (14%) and legal aptitude (11%) also featured.
 
The report also found that tertiary-educated entrepreneurs were also more likely to be founding cutting-edge startups in fields like medical technology, education and fintech.

But here's the thing - those founders with degrees that did not include business - 20% + 39% x 61% (24%) = 44pc of startups in Australia do not have an education in how to run a business 
 
Here's a solution !!!!'

While you are doing your startup, get educated and connected by doing a Diploma of Business with BSI at the Founders Lab 

A Diploma of Business provides founders with the intellectual capital to succeed and the social capital to help them make connections, build networks, and establish life-long relationships. 

It provides them with skills in analysis and reasoning combined with confidence that will lead them boldly to articulate and embrace new ideas. 

It transforms their perspectives, opening them up to different cultures, different world views, and different ways of seeing -- and solving -- some of the world's most complex problems.
 
Far from being an obstacle to entrepreneurial success, the Diploma of Business  arms a person with the suite of skills necessary to capitalize on a great idea.

Some thanks to Business Insider