The Startup Retro with Gemma Clancy & Will Richards

Headlines

• Cut Through Venture report: Teasing an interview with Chris later in the episode. The report reveals 99 deals in Q2 with $1.5B invested.
• AngelClass launches with an app allowing anyone with $10K or more to invest in startups without being classified as sophisticated investors. Elliot Spiegel from Inhouse Ventures takes advantage of Australia's 20/12 rule, enabling 20 investors in any 12-month period without needing a full prospectus.
• Climate Tech funding challenges: ClimateSalad claims about 100 out of 600 members need funding ASAP to survive the year, amounting to ~$100M. Despite a lot of pre-seed stage funding, there are barriers such as public perceptions, regulatory hurdles, and physical barriers related to the grid.
• Girls in Tech closes up shop in Australia and rebrands as Her Tech Circle, continuing to support and inspire women in tech despite funding challenges due to a decline in DEI funding in corporates.

Summary

In this episode of The Startup Retro, the hosts dive into the most significant headlines from last week. The discussion includes the new Cut Through Venture report on startup investments, the launch of AngelClass, insights into Climate Tech funding challenges, and the birth of Her Tech Circle from the ashes of Girls in Tech. Will and Gemma also highlight notable startup raises and share their picks of the week.

Time Stamps

• 00:03: Introduction by Will Richards and Gemma Clancy.
• 00:26: Overview of today's episode topics: Cut Through Venture report, angel investing innovation, climate tech funding, and more.
• 01:07: Discussion on the Cut Through Venture report revealing 99 deals with $1.5B invested in Q2.
• 01:44: Insights on climate tech funding and the need for more support, based on Climate Salad's report.
• 03:32: Analysis of climate tech funding challenges, including early-stage funding and regulatory barriers.
• 04:51: Introduction of AngelClass, allowing non-sophisticated investors to invest in startups.
• 10:09: Closure of Girls in Tech and the launch of Her Tech Circle, a rebranded initiative to support women in tech.
• 11:21: Gemma's pick: Fugu, a climate tech startup developing solid direct air capture systems.
• 16:25: Will’s pick: Sircel, focusing on recycling obsolete solar panels and e-waste.
• 20:57: Interview with Chris Gillings from Five V Capital and Cut Through Ventures discussing the CTV Q2 report and insights on the Australian startup ecosystem.
• 36:58: Knowledge as a Service (KaaS) segment featuring Gemma's pick, the Calling Operator podcast, and Will's pick, Pop Culture by Edward Zitron.

Links

To get all the links to the stories we mentioned in this episode, you can read this week’s Overnight Success newsletter: https://newsletter.overnightsuccess.vc/p/12-july-2024

Top Headlines

• Cut Through Venture report: The report reveals 99 deals in Q2 with $1.5B invested.
• AngelClass launches with an app allowing anyone with $10K or more to invest in startups without being classified as sophisticated investors. Elliot Spiegel from Inhouse Ventures takes advantage of Australia's 20/12 rule, enabling 20 investors in any 12-month period without needing a full prospectus.
• Climate Tech funding challenges: ClimateSalad claims about 100 out of 600 members need funding ASAP to survive the year, amounting to ~$100M. Despite a lot of pre-seed stage funding, there are barriers such as public perceptions, regulatory hurdles, and physical barriers related to the grid.
• Girls in Tech closes up shop in Australia and rebrands as Her Tech Circle, continuing to support and inspire women in tech despite funding challenges due to a decline in DEI funding in corporates.

Startup Raises

• Will’s pick: Sircel
• Gem’s pick: Fugu

Interview

• Chris Gillings - Five V Capital and Cut Through Venture (Interview by Will Richards)

KaaS - Knowledge as a Service

Our favourite startup-relevant read, listen or watch of the week

• Gemma’s Pick: Calling Operator Podcast
• Focuses on operators in the startup ecosystem, highlighting their crucial role. Recently transitioned to Laura Nicol (https://www.linkedin.com/in/lauranicolpr/) as the new host
• Will’s Pick: Pop Culture by Edward Zitron
• A well-researched counterpoint to the economic value created by AI, questioning its real impact.

Send feedback to the hosts

• Gemma on LinkedIn
• Will on LinkedIn

Sponsors

Thanks to our sponsors for helping to make this episode of The Startup Retro possible.

Rippling

Are you a founder overwhelmed by HR, payroll, onboarding, and IT tasks? Simplify with Rippling: an all-in-one platform for your global workforce.

Get 3 Months Free 

Google for Startups

Google for Startups Cloud Program Get up to US$350,000 of Google Cloud and Firebase credits for two years for your startup plus technical, business and financial support through the Google for Startups Cloud Program. 

Apply now

Google for Startups AI First Accelerator The Google for Startups AI First Accelerator is a 10-week equity-free accelerator program for Seed and Series A stage Australian startups building AI&ML-driven platforms and products.

Apply now 

Teamified

Build a top-notch team fast with Teamified. Teamified offers fractional CTOs, contractors, and remote team members from the Philippines, India, or Sri Lanka. Cut hiring times by 50%.

Get started 

The Day One NetworkThe Startup Retro is part of Day One, the podcast network dedicated to founders, operators & investors.

For broader updates on the Day One network, including news about other shows and network-wide updates, sign up for the Day One Newsletter. We are dedicated to creating content that helps Australian founders succeed. https://dayone.fm/newsletter

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This podcast uses the following third-party services for analysis:

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Spotify Ad Analytics - https://www.spotify.com/us/legal/ad-analytics-privacy-policy/

Headlines

• Clash between fintech industry and big banks over open banking.
• New report predicts the rise of AI jobs in Australia.
• Details of "Future Made in Australia" legislation explored.
• Notable startup capital raises, including Caresquare and Redactive AI.

Summary

In this episode of the Startup Retro podcast, the hosts delve into the biggest headlines of the week. The discussion centres around the clash between the fintech industry and big banks over open banking, as well as a new report predicting the rise of AI jobs in Australia. Will and Gem also pick their favourite startup capital raises and share intriguing insights from their reading throughout the week.

Time Stamps

• 00:24: The clash between the fintech industry and big banks over open banking implementation in Australia reveals differing perspectives on the effectiveness and adoption of the system.
• 06:50: A new report predicts a significant increase in AI-related jobs by 2030, emphasising the need for individuals to develop AI competency to thrive in the future workforce.
• 09:48: The "Future Made in Australia" legislation introduces key pillars to promote community benefits and sector assessments for strategic investments.
• 14:00: Startup raises, like Caresquare's seed investment and Redactive AI's substantial funding round, highlight the diversity and innovation in the Australian startup scene.
• 24:53: Engaging with resources like Robotsguide.com sheds light on the wide range of robotics applications and innovations shaping the technology landscape.

Links

To get all the links to the stories we mentioned in this episode, you can read this week’s Overnight Success newsletter: https://newsletter.overnightsuccess.vc/p/6-july-2024

Headlines

Open Banking:

• Australian Banking Association Consumer Data Right Strategic Review July 2024
• Basiq Open Banking Report July 2024

Tech Council AI Jobs

• Media Release
• Report

Startup Raises

• Redactive AI
• Caresquare 
• Millibeam: 
• ReciMe 
• Profit Peak

KaaS - Knowledge as a Service

Our favourite startup-relevant read, listen or watch of the week

• Gemma’s Pick: Robots Guide
• Will’s Pick: What you should know about SAFE notes

Send feedback to the hosts

• Gemma LinkedIn: https://www.linkedin.com/in/gemmaclancy/
• Will LinkedIn: https://www.linkedin.com/in/williamrichards/

Sponsors

Thanks to our sponsors for helping to make this episode of The Startup Retro possible.

Rippling

Are you a founder overwhelmed by HR, payroll, onboarding, and IT tasks? Simplify with Rippling: an all-in-one platform for your global workforce.

Get 3 Months Free 

Google for Startups

Google for Startups Cloud Program Get up to US$350,000 of Google Cloud and Firebase credits for two years for your startup plus technical, business and financial support through the Google for Startups Cloud Program. 

Apply now

Google for Startups AI First Accelerator The Google for Startups AI First Accelerator is a 10-week equity-free accelerator program for Seed and Series A stage Australian startups building AI&ML-driven platforms and products.

Apply now 

Teamified

Build a top-notch team fast with Teamified. Teamified offers fractional CTOs, contractors, and remote team members from the Philippines, India, or Sri Lanka. Cut hiring times by 50%.

Get started 

The Day One NetworkThe Startup Retro is part of Day One, the podcast network dedicated to founders, operators & investors.

For updates on the Day One network, including news about our shows, like this one, and network-wide updates, sign up for the Day One Newsletter. We are dedicated to creating content that helps Australian founders succeed. https://dayone.fm/newsletter

Sponsor the show

Want to become a sponsor? Send us an email.

Follow Day One on the socials

• Twitter
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This podcast uses the following third-party services for analysis:

Podtrac - https://analytics.podtrac.com/privacy-policy-gdrp
Spotify Ad Analytics - https://www.spotify.com/us/legal/ad-analytics-privacy-policy/

The Retro

• Latest news and $100 million deal in Australian startups
• Interview: Kim Hansen on ESOP clawback clauses
• Major headlines: Future Made in Australia legislation
• Telstra rebrands venture fund to Titanium
• Notable venture raises: Tenacious Ventures, Aquila, Samsara Eco
• Rampersand insights on startup investments

Summary

In this episode of Startup Retro, hosts Will and Gemma discuss the latest news and funding events in the Australian startup ecosystem, including the significant $100 million deal and an in-depth interview with Kim Hansen from Cake Equity about ESOP clawback clauses. 

Hosts, Will & Gemma cover major headlines such as the Future Made in Australia legislation, Telstra rebranding its venture fund to Titanium, and several notable venture raises. They also highlight Tenacious Ventures' latest funding and delve into the week's interesting startup raises, with a focus on Aquila and Samsara Eco. The episode concludes with a knowledge-sharing segment featuring insights from Rampersand on how they invest in startups.

Time Stamps

• 00:00 Welcome to the Startup Retro
• 00:41 Top Startup News Headlines of the Week
• 03:23 New Venture Funds and Rebranding
• 05:55 Adelaide's Space Machines Company
• 07:37 Weekly Startup Raises
• 15:13 Interview with Kim Hansen on ESOP Clawback Clauses
• 25:33 Knowledge as a Service: Rampersand's Investment Insights
• 29:29 Wrapping Up and Feedback

Links

To get all the links to the stories we mentioned in this episode, you can read this week’s Overnight Success newsletter

Startup Raises

• Aquila
• Samsara Eco
• Klean
• Diraq
• Affinda
• National Renewable Network 

Interview

• Kim Hansen (Cake Equity) LinkedIn

KaaS - Knowledge as a ServiceOur favourite startup-relevant read, listen or watch of the week

• Rampersand article

Send feedback to the hosts

• Gemma on LinkedIn
• Will on LinkedIn

Sponsors

Thanks to our sponsors for helping to make this episode of The Startup Retro possible.

Rippling

Are you a founder overwhelmed by HR, payroll, onboarding, and IT tasks? Simplify with Rippling: an all-in-one platform for your global workforce.

Get 3 Months Free 

Google for Startups

Google for Startups Cloud Program Get up to US$350,000 of Google Cloud and Firebase credits for two years for your startup plus technical, business and financial support through the Google for Startups Cloud Program. 

Apply now

Google for Startups AI First Accelerator The Google for Startups AI First Accelerator is a 10-week equity-free accelerator program for Seed and Series A stage Australian startups building AI&ML-driven platforms and products.

Apply now 

Teamified

Build a top-notch team fast with Teamified. Teamified offers fractional CTOs, contractors, and remote team members from the Philippines, India, or Sri Lanka. Cut hiring times by 50%.

Get started 

The Day One NetworkThe Startup Retro is part of Day One, the podcast network dedicated to founders, operators & investors.

To learn more, join the Day One newsletter to be notified of new and upcoming shows. The only content we create is content that will help Australian founders.

If you want to learn about upcoming guests and when a new episode from The Startup Retro is available, join the Overnight Success Newsletter.

Sponsor the show

Want to become a sponsor? Send us an email.

Follow Day One on the socials

• Twitter
• LinkedIn

This podcast uses the following third-party services for analysis:

Podtrac - https://analytics.podtrac.com/privacy-policy-gdrp
Spotify Ad Analytics - https://www.spotify.com/us/legal/ad-analytics-privacy-policy/

The Overnight Success newsletter has hit the airwaves with the introduction of The Startup Retro. Hosted by Will Richards and Gemma Clancy. The Startup Retro is your weekly insider's view on Australian startups and venture capital by curating the most important startup news and providing useful context behind the stories.

Join 3300 other insiders by subscribing to the Overnight Success newsletter.

The Startup Retro is a Day One show. Day One is the podcast network dedicated to founders, investors, and operators.

For everything Day One related, including upcoming shows or the best bits from all of our shows, sign up to the Day One newsletter.

This podcast uses the following third-party services for analysis:

Podtrac - https://analytics.podtrac.com/privacy-policy-gdrp
Spotify Ad Analytics - https://www.spotify.com/us/legal/ad-analytics-privacy-policy/