Marcus Carter

1 month ago | startupdaily.net | Simon Thomsen |Michelle Grattan |Taylor Hardwick |Marcus Carter

King of Thieves (2018). Working Title Films/StudioCanal * No, SFA is not an acronym of startup funding announcements. As we said last year. Nothing. Nada. Zip. Again. You won’t find the word startup in the 2025 federal budget papers. Innovation is mentioned once – referencing “the 2024–25 Budget measure titled Future Made in Australia – Investing in Innovation, Science and Digital Capabilities”. Entrepreneur.

1 month ago | startupdaily.net | Michelle Grattan |Simon Thomsen |Taylor Hardwick |Marcus Carter

The Albanese government’s fourth budget is a pitch for the votes of a sour and alienated electorate, framed against a background of extraordinary international uncertainty. US President Donald Trump isn’t mentioned by name. But he is the colossus in the background of this budget and indeed the imminent election campaign. While the opinion polls and the public mood have been turning marginally in Labor’s direction in recent weeks, voters still feel (and are) financially under the pump.

1 month ago | startupdaily.net | Simon Thomsen |Taylor Hardwick |Marcus Carter |Harrison Polites

This year marks 20 years since Mark Zuckberg launched Facebook, having kicked it off as The Facebook in 2004. He was already notorious for Facemash, the “not or not” site that ranked Harvard students by their attractiveness he created in late 2003. Zuckerberg hacked into house face book websites at the university to get the photos and was accused of breaching security and privacy, as well as violating copyright.

1 month ago | startupdaily.net | Simon Thomsen |Taylor Hardwick |Marcus Carter |Harrison Polites

A Sydney software company founded in 1999 by two former PwC executives to tackle governance, risk, and compliance (GRC) issues has sold a majority stake in the business to US investment firm PSG Equity for US$280 million (A$445m). The deal for Protecht gives an exit for California growth equity firm Arrowroot Capital after just three years, when it led a $42 million raise – the software company’s first after more than two decades bootstrapping – in February 2022.

1 month ago | startupdaily.net | Simon Thomsen |Taylor Hardwick |Marcus Carter |Harrison Polites

Sydney venture capital fund EVP has reportedly contacted police and is seeking to recoup the investment it made in  StrongRoom AI, less than a fortnight after it  announced leading a $17 million round into the Melbourne software startup. The AFR reported that EVP had called in legal and forensic accounting experts and was warning investors in its Opportunities Fund that it was “pursuing all avenues to recover the investment” and would wear any costs.