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Daily Precap - Tuesday 3rd July 2018
Tuesday 3rd July 2018 - Daily precap of technology, startup, and business from Australia and beyond.
Hey I’m Domm, it’s Tuesday 3rd July 2018, and this is your daily precap of everything technology, startups, and business from Australia and beyond.
This is the first episode in the series, which I will release in the morning of each weekday.
Global co-working giant WeWork has announced it’s coming to Brisbane, in what will be its sixth Australian location at 310 Edward St right near central station.
Driverless/autonomous buses are heading to Adelaide, through a partnership with Transit Australia Group (tag) and Precision Buses.
Sport Tech is the centre of attention for the NSW Institute of Sport and Sydney Olympic Park Authority who have together launched the Sydney Sports Incubator; and they are on the hunt for sport tech focused startups.
Tesla has hit its 5000 a week Model 3 production goal, just 6 months after its deadline. Pushing out a total of 7000 cars in the last week of June.
Another drone company gets big Australian backing, with AirTree ventures contributing to a US$25M Series C round, in US company DroneDeploy.
Chinese companies in the last two years have raised over $100M through Indigogo, to break into the US market. This is a strategy Australian companies and innovators should be watching with a very keen eye.
US Electric scooter sharing company Bird, has raised $300M to continue its growth, that’s a hell of alot of scooters!
Berlin founded, subscription Meal Kit company Marley Spoon listed on the ASX yesterday and stumbled in its first day of trading, falling to close at just $1.19 from its opening at $1.25.Not a great run of Tech listings for the ASX, with the recent failed listing of Prospa’ which was pulled indefinitely after eleventh hour enquiries from ASIC into its lending criteria and loan contracts.
But a different story for Afterpay, who is our current best performing startup/scale up, is continuing its mega rally, closing yesterday at a record high of $9.55, with a market cap of nearly $2.1Bn spurred on by a buy recommendation from Goldman Sachs because of the company's strong expansion into the US.
With the Pexa hacking scandals revealed last week, and with the new regulations now in effect, you have to wonder why there aren't more startups out trying to get into the market here. With regulation forcing electronic settlement, and only one player in the space, it's a prime area for a security-focused start-up to get in now and create a duopoly.
To finish this episode, let me finish with a request for start-up:
Charity Tech companies who make giving, simple and frictionless, whether its time or money, and more people will give.
If you have any tips, news or announcements, hit me up on Twitter at @dommholland or Insta @domm.
That was your daily precap, I am Domm and I will be back with you tomorrow!
View all episodes
Tuesday 3rd July 2018 - Daily precap of technology, startup, and business from Australia and beyond.
Hey I’m Domm, it’s Tuesday 3rd July 2018, and this is your daily precap of everything technology, startups, and business from Australia and beyond.
This is the first episode in the series, which I will release in the morning of each weekday.
Global co-working giant WeWork has announced it’s coming to Brisbane, in what will be its sixth Australian location at 310 Edward St right near central station.
Driverless/autonomous buses are heading to Adelaide, through a partnership with Transit Australia Group (tag) and Precision Buses.
Sport Tech is the centre of attention for the NSW Institute of Sport and Sydney Olympic Park Authority who have together launched the Sydney Sports Incubator; and they are on the hunt for sport tech focused startups.
Tesla has hit its 5000 a week Model 3 production goal, just 6 months after its deadline. Pushing out a total of 7000 cars in the last week of June.
Another drone company gets big Australian backing, with AirTree ventures contributing to a US$25M Series C round, in US company DroneDeploy.
Chinese companies in the last two years have raised over $100M through Indigogo, to break into the US market. This is a strategy Australian companies and innovators should be watching with a very keen eye.
US Electric scooter sharing company Bird, has raised $300M to continue its growth, that’s a hell of alot of scooters!
Berlin founded, subscription Meal Kit company Marley Spoon listed on the ASX yesterday and stumbled in its first day of trading, falling to close at just $1.19 from its opening at $1.25.Not a great run of Tech listings for the ASX, with the recent failed listing of Prospa’ which was pulled indefinitely after eleventh hour enquiries from ASIC into its lending criteria and loan contracts.
But a different story for Afterpay, who is our current best performing startup/scale up, is continuing its mega rally, closing yesterday at a record high of $9.55, with a market cap of nearly $2.1Bn spurred on by a buy recommendation from Goldman Sachs because of the company's strong expansion into the US.
With the Pexa hacking scandals revealed last week, and with the new regulations now in effect, you have to wonder why there aren't more startups out trying to get into the market here. With regulation forcing electronic settlement, and only one player in the space, it's a prime area for a security-focused start-up to get in now and create a duopoly.
To finish this episode, let me finish with a request for start-up:
Charity Tech companies who make giving, simple and frictionless, whether its time or money, and more people will give.
If you have any tips, news or announcements, hit me up on Twitter at @dommholland or Insta @domm.
That was your daily precap, I am Domm and I will be back with you tomorrow!