#Australia “Fatal flaws”: The reasons why startups fail

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A key theme of Malcolm Turnbull’s $1.1 billion innovation statement (growth/innovation/malcolm-turnbull-unveils-1-billion-innovation-statement/2015120716085.html) is the need to risk failure and learn from it.
 
“Sometimes entrepreneurs will fail several times before they succeed and will usually learn more from failure than success,” Turnbull said on Monday.
 
It’s estimated that about 90% of startups will fail,
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#Australia Adrian Di Marco laments innovation statement’s “mean-spirited” defining moment

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The government’s $1.1 billion innovation statement’s “narrow” definition of a startup is “mean-spirited”, prominent entrepreneur Adrian Di Marco says.
 
Although saying it’s still a step in the right direction, Di Marco says more needs to be done to support the local startup community.
 
The CEO of Brisbane-based TechnologyOne was disappointed by the
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#Australia Five tips for raising capital in Australia

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A capital raising is fundamentally a social movement.
 
If you communicate clearly, win followers and have a unique insight people can get excited about, the money will follow.
 
Getting target investors involved in the journey in a real way is a great first step to successfully raising capital.
 

Make sure the investor
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#Australia How to pave a future for women in ICT

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It’s been 40 years since the United Nations declared 1975 the first international women’s year, choosing Helen Reddy’s I Am Woman as its theme song. The words, “I am woman, hear me roar”, are still lingering in the air today.
 
The problem is that when it comes to the information and
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#Australia Have journalists found the inventor of Bitcoin or simply been duped?

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Two US technology sites have claimed that the creator of the digital cryptocurrency Bitcoin is an Australian businessman called Dr Craig S Wright.
 
Both Wired (http://ift.tt/1TztBKz) and Gizmodo (http://ift.tt/21NnSqx) have based their conclusions on documents and emails “leaked” to them by an unnamed hacker who claimed to have worked for Wright.
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#Australia Uber introduces new safety features for passengers

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Controversial ridesharing app Uber has introduced two new safety features to bolster confidence and security for its users.
 
Under the new changes, users’ phone numbers will be anonymised, meaning drivers will no longer be able to see a passenger’s contact details, and vice versa.
 
This has been a common concern regarding the
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#Australia New $200 million fund to focus of later-stage startups

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Australia will soon have its first $200 million VC fund focused entirely on later-stage startup investments in an “exciting turning point” for the sector.
 
Blue Sky Venture Capital (http://ift.tt/1GVQC9F) has announced it will be raising the fund to help plug the current funding gap and help founders find assistance locally without
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#Australia Booodl thinks big to get $2.85 million from Westfield owner

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Startup founders need to look for investments from large corporates instead of trying to disrupt them, Booodl co-founder George Freney says.
 
The local shopping app has just closed a $2.85 million strategic investment led by Scentre Group, the owner and operator of Westfield in Australia and New Zealand, opening up a
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#Australia H2 Ventures says partnership with super fund gives it “deepest pockets” in fintech VC

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H2 Ventures now has the “deepest pockets” in the fintech sector through a new partnership with a large super fund that’s set to contribute tens of millions into startups in the sector.
 
First State Super announced the deal with the Sydney-based accelerator at Stone & Chalk on Tuesday at an event
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