Cec Busby

Sydney

Contributor and Head of Content, Pinstripe Media at Kochie's Business Builders

Host at Flying Solo

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Articles

A step-by-step guide for founders to raise capital

Mar 4, 2025 | startupdaily.net | Warwick Donaldson |Simon Thomsen |Elaine Stead |Cec Busby

The truth is, a lot of the startups undertaking a capital raise don’t meet the minimum investor expectations for their chosen funding pathway. Rather than reflecting on their readiness or taking responsibility for this, many founders blame investors instead (I wrote an article on it here). But here’s the reality: raising capital is a process, and skipping steps or rushing it often leads to frustration and failure. You as the founder and only you are responsible for this.
GP administration startup Heidi Health tops up Series A with another $27 million

Mar 3, 2025 | startupdaily.net | Simon Thomsen |Elaine Stead |Cec Busby |Harrison Polites

Heidi Health cofounders Waleed Mussa, Dr Thomas Kelly and Lu Yui. AI-based doctor clinical notes taker Heidi Health has raised a further $26.8 million (US$16.6m) to top up its 18-month-old Series A.
Keith Pitt, Buildkite's cofounder and CEO, exits suddenly

Mar 3, 2025 | startupdaily.net | Simon Thomsen |Elaine Stead |Cec Busby |Harrison Polites

Keith Pitt, the cofounder and CEO of software startup Buildkite, has left the business. Company chair Barry Crist portrayed Pitt’s sudden departure without a replace as “part of the normal lifecycle of a technology company”. US-based Crist, a 20-year veteran of developer tools, including leading Chef Software, will be acting CEO as the company hunts for a new leader.
Accelerator Scalare Partners posts $1.3 million loss following ASX debut

Mar 3, 2025 | startupdaily.net | Simon Thomsen |Elaine Stead |Cec Busby |Harrison Polites

Total revenue increased 115% to $1.296 million Gross profit rose 173% to $524,719 Underlying EBITDA at -$307,186 before $986,731 in costs for ASX listing. Cash on hand is $3.8 million. The nearly $1 million cost of a backdoor listing on the ASX last year has seen Scalare Partners (ASX: SCP) post a statutory EBITDA loss of $1.294 million for the six months to December 31. The loss exceeds the company’s total revenue of $1,295,718 for the period.
Mining exploration satellite startup pockets $5 million Seed round

Mar 3, 2025 | startupdaily.net | Simon Thomsen |Elaine Stead |Cec Busby |Harrison Polites

A Melbourne startup following in the footsteps of Adelaide’s Fleet Space has raised $5 million in Seed funding to launch more satellites scanning earth for critical minerals. The raise for Esper was led by Darwin innovation investor Paspalis Capital and Islamic finance firm Hejaz. The capital injection will underpin the launch of the company’s fourth satellite in 2025, with another four scheduled to orbit Earth in 2026.
Tech bros railing against DEI forget how quickly the pendulum can swing

Mar 3, 2025 | startupdaily.net | Elaine Stead |Cec Busby |Harrison Polites |Simon Thomsen

In the blitzkreig of ‘initiatives’ where the new U.S administration, the engine of which has undoubtedly been tech billionaires such as Elon Musk and his brethren, has sought to erase any position, initiative or even accomplishment of any public servant considered to be the result of diversity, equity or inclusion (D.E.I), it has rightly not been the priority of the news cycle.
Don't fake it if you're never going to make it: What Apple Cider Vinegar teaches us about trust

Mar 2, 2025 | startupdaily.net | Cec Busby |Harrison Polites |Simon Thomsen |Judith Bishop

Netflix’s latest drama series, Apple Cider Vinegar, has everyone talking, and not just because of its jaw-dropping plot twists. The show dives into the murky world of health scams and influencer deception, exposing how people can be so easily duped by slick marketing and a good sob story. But for small business owners, there’s a bigger takeaway: the critical importance of integrity and authenticity in business.
Perth venue booking platform SpacetoCo raises $2 million for UK plans

Nov 28, 2024 | startupdaily.net | Laetitia Andrac |Harrison Polites |Cec Busby

Western Australian venue rentals startup SpacetoCo has raised $2 million from Purpose Ventures, as the booking platform look to take its international ambitions to the UK. SpaceToCo simplifies the venue hire process for owners such as local government and community centres. Its enterprise-level software streamline the booking process and reduces repetitive administration tasks as well as improving access to under-utilised spaces.
Zip cofounder Larry Diamond backs online death planning startup in $17 million Series B

Nov 28, 2024 | startupdaily.net | Laetitia Andrac |Harrison Polites |Cec Busby |Lisa Sarago

An estate planning platform that has digitised writing a will has raised $17 million in a Series B. The round for Safewill was co-led by King River Capital and existing backer Reinventure. Also doubling down were Carthona Capital and Flying Fox Ventures. Safewill previously raised a $5.5 million Series A extension in May 2023 topping up the initial $3 million Series A in October 2021.
The SheHacks revolution: 5 Indonesian female founders begin their Australian trade and mentor tour

Nov 27, 2024 | startupdaily.net | Laetitia Andrac |Harrison Polites |Cec Busby |Lisa Sarago

The best of Indonesia’s SheHacks startup program has arrived in Sydney, with five leading female founders from Jakarta ready to meet with government, industry leaders and investors to explore opportunities for transnational collaboration and mentorship.