Australia

  • Drug sales

    Oops! Silk Road shutdown leads to more online drug sales

    It looks as if global law enforcement is getting a taste of the Streisand effect. Nearly six months after the FBI seized the underground black market website Silk Road, not only have dozens of copycats sprung up in its place (although none yet reaching its level of scale or dominance), but also the level of online drug sales activity...
  • Sydney Flight

    Zookal starts “world first” delivery-by-drone service in Sydney

    Sick of relying on slow trucks and traditional delivery systems to get his company Zookal’s textbooks to people, Ahmed Haider decided on a fresh approach. Now, his Sydney, Australia-based company will deliver the textbooks via drones. Today, Zookal, a textbook rental startup, is announcing that by using unmanned aerial vehicles to ferry textbooks to renters, it will cut delivery...
  • aud-50-australian-dollars-2

    OzForex notches up biggest Australian tech IPO of the year

    As of yesterday, Australia has another tech role model. It may not be as iconic as Atlassian or as recognizable as Bigcommerce, but as of now you should be paying attention to OzForex, an online foreign exchange service that on Friday, Australia time, raised US$416 million in an initial public offering. On its first day of trading, shares...
  • Lion Screenshot

    Canva attempts to bring Photoshop-like design power to the Web

    Writers have got free online publishing tools like Medium and PressBooks. Photographers can use PicMonkey and Pixlr. But what have graphic designers got? Photoshop still sets the standard for graphic design, but it’s expensive, and there’s a high barrier to entry. But an Australian startup launching into private beta out of stealth today thinks it can offer something almost as…

  • Appfolio

    Kickfolio becomes App.io, picks up $1M, and prepares for a move to the US

    As the native frameworks for trying apps before you buy them remain wedded to screenshots and written descriptions in the App Store or Google Play, independent developers are pushing ahead with a better model. Until yesterday, Melbourne, Australia, startup Kickfolio was one of the leading players, bringing interactive app experiences to the Web browser so developers have a way of…

  • Ninja Blocks cropped

    Enter the Ninja: A startup attempts world domination on “Internet of Things” from Australia

    You might have heard of Ninja Blocks. The Sydney-based startup first came to the world’s attention last year with one of the most successful pre-Pebble hardware campaigns on Kickstarter. The Ninja Block, a small device with built-in sensors that allowed users to link the Internet to actions in the physical world, raised more than $100,000 in pledges and shipped out…

  • binu pic

    How a 2G feature phone can outperform an iPhone

    Last week, I wrote about an Australian entrepreneur who sold an ad-serving company to 25/7 Media for $75 million only to see its value evaporate in the dotcom crash. He then built up a search engine marketing company that he eventually also sold to 24/7, this time for $30 million when the Internet industry was in recovery. In that post,…

  • Atlassian founders

    Hard yakka: Why Atlassian’s founders are the pride of Australia’s startup world

    A few years ago, Mike Cannon-Brookes was invited to speak to a student entrepreneurial society at a Sydney university. The co-founder of Atlassian, one of Australia’s most successful software companies ever, showed up to the venue in cut-off jeans and a T-shirt. One of the workers who was setting up the venue mistook him for IT support. When Cannon-Brookes walked…

  • Gour Lentell

    Boom, crash… what? A dotcom train wreck finds a remarkable second coming

    It was 1999, right in the thick of the dotcom boom, and Sydney-based ad-serving startup Sabela Media was just one day away from closing a $14 million venture round. Things couldn’t look much better for Sabela, which in the space of 18 months had become one of the top five ad-serving platforms in the world and had expanded to New…

  • Melbourne-Skyline

    Sydney vs Melbourne, rival cities but sisters in startups

    Many countries have strong rivalries between their two leading cities. New York vs San Francisco, Shanghai vs Beijing, Toronto vs Vancouver. In Australia, it’s Sydney vs Melbourne. This past week, I have been reporting from Sydney and meeting as many people as possible from the city’s startup ecosystem in that short period of time. Since announcing my arrival in the…

  • witch_wardrobe

    The startup, the lawyer, the Quora question, and the $1.2M seed round

    For Australian textbooks startup Zookal, the journey to a $1.2 million seed round started with a question on Quora. The young company’s founders had exhausted their fundraising options in Australia, and they were preparing for a trip to Silicon Valley. Having reached out to a network of Aussie entrepreneurs in the Valley, they still found themselves with a...
  • Zimmiz

    Aussie app-toy Zimmi can vomit, giggle, and sneeze – but can he sell?

    Zimmi has bulging, expressive eyes, a cutesy little giggle, and he farts in nine different ways. If you tickle Zimmi’s nose, he’ll sneeze; if you feed him a chili pepper, he’ll turn red in the face; and if you flip him up and down a few times, he’ll throw up all over the screen. It’s up to you to wipe…

  • Male_blackbird-b

    In cash-strapped Aussie venture market, a bird flies into a vacuum

    here’s a gap in Australia’s venture capital sector as big as the Outback. While the country has enough serial entrepreneurs and angel investors to be able to support young companies at the seed stage and enough interest from large national institutions and American VCs to flesh out the big growth rounds, anything in between falls into a void. Silicon Valley…

  • canva_founders

    How an Australian startup raised $3M in seed funding from Silicon Valley

    The 15-hour flight from San Francisco to Sydney is a rough one for humans, but it’s even more difficult for money. When it comes to fundraising, Australian startups really feel the pain of geography. Not that many American investors make the long schlep across the Pacific. So, if Aussie startups need to get capital from outside the small pool of...
  • Sydney_Opera_House_-_Dec_2008

    Strewth! PandoDaily hits Sydney

    It took more than 15 hours in a stinky plane, but I’ve arrived in Sydney to bright sunshine and a calendar full of meetings with startups, investors, and tech companies. I’ve got only four days in the city, but I figure I can use that time to get a whiff of what Australia’s gutsy, under-the-radar entrepreneurs are up to, and…

  • Silicon Valley finds a new crop of tech talent in Australia

    Kiteboarding techies have discovered a new untapped market for talent in Western Australia. You might think these executives and investors from the likes of Apple, Twitter, Silicon Valley Bank, and Qualcomm, would travel nearly 24 hours just to check out one of the best kiteboarding spots in the world. But it turns out they’re also just as eager to uncover...

The Week in Review

Wednesday

type-a-machines For Type A Machines, there’s no guessing where the 3D printing fun ride ends Zoosk files for IPO, hopes public market will fall in love with it An Israeli company delivers Lebanese citizens from the clutches of its own government Startups Anonymous: The most expensive lesson I learned was to start a startup in Europe Canadian man is the first arrested for Heartbleed-related hacking Whistle has made a Fitbit for dogs and doesn’t care if you think that’s silly Undeterred by its ban from Belgium, Uber expands in stealth to Finland “Google Buses Pay $1 per stop, but it costs me $2 to ride MUNI”: Logical fallacy explained Can Glassholes find safety in numbers? For Zynga, a modest rebound would count as a win Frontback almost never happened. Now it’s got 1M downloads, 75% monthly growth, and an Android app Nail meet coffin: Mt. Gox asks to be liquidated REVEALED: Gov. Christie’s investment chief has major financial ties to firm that got $300M in NJ pension cash Former Sequoia and Accel VCs launch Tracxn, a Bloomberg-like database for the startup world Artist image site OpenAura partners with Getty, AP, and others: Why this is a big win for musicians LevelUp exploits smart bundling to drop credit card interchange fees to 1.95%, saving merchants boatloads Livefyre launches Sidenotes annotations that turn any website into RapGenius Grubwithus becomes Superb, a platform for discovering new places and which friends to share them with As Healbe’s $1.1m Indiegogo scampaign closes, what now for fraudulent crowdfunding?

Friday

john-bates-clark-award An economics prize tells us something very worrying about the news business, and ourselves Indiegogo moves on from Healbe PR disaster by locking a woman out of her account when she asked for a refund New shocking research proves that rich people control American politics REVEALED: Recipient of New Jersey pension deal housed charity run by Gov. Christie’s wife Measuring the value Marissa Mayer’s destroying at Yahoo! Report: Heartbleed was used to attack “a large corporation” less than 24 hours after the bug was discovered Jasper Wireless became a $1 billion company by being into the Internet of Things way before you were This little-known Arkansas founder raised $93 million and he’s speaking at Southland Chris Christie’s $300m pension proposal broke state anti-corruption laws (And now the intended recipient threatens to sue Pando) Samsung to bring ads to Milk Music, the streaming service with no reason to exist CrowdCurity shines a security spotlight to the bitcoin industry with crowdsourced bug bounties Why this group of investors is still trying to save Mt. Gox Can love be hacked into a successful public company? Zuckerberg’s FWD.us launches attack ad against immigration troll Steve King Dancing Giants: Why large companies should embrace the minimum viable product The scandalous statistical mess around Obamacare There’s now an app store for governments: But will this really make them adopt new technologies faster? Lavabit creator held in contempt for making a (tiny, tiny) point