The revolutionaries of the 21st century have been the VCs - starting in Silicon Valley and spreading across the globe -
a virus - that has done good!
BSI Innovation blogs about Innovation, Money, Venture Capital, Grants, Exports and Research and Development (R&D)
a virus - that has done good!
Practice Ignition has raised a USD50m Series C funding round - congrats to Guy Pearson, Dane Thomas, Mark Bartels and the Practice Ignition team.
The money is to be used to expand globally- Asia North America and Europe via its strategic partnerships with Gusto, Intuit and Thompson Reuters.
JMI Equity led the round with support from Tiger Global and Howard Liebman’s EVP, as well as several strategic investors and family office groups.
The Practice Ignition platform is a tool for accountants and bookkeepers - and is expanding to other service professionals. Its integrates digital proposals, payments and automated workflows via leading business apps such as Gusto, Xero, QuickBooks and Zapier to streamline service-based commerce
It’s goal is to reshape the professional services industry that does business with its customers through its all-in-one client engagement and commerce solution.
Practice Ignition has more than 1 million clients across six markets and over $2 billion in client revenue under management.
“With the transition of accounting from tax compliance to advisory, this means that the need to deliver engaging, quality customer interactions via technology is critical for closing deals, boosting profitability and winning and retaining clients,”
Zoomo provides electric bikes and mopeds through a monthly subscription to food, grocery and retail delivery riders and companies .
This Aussie π¦πΊ startup has expanded into Spain πͺπΈ , France π«π· , Germany π©πͺ and UK π¬π§ and is looking to enter USA πΊπΈ
“As countries all around the world grapple with achieving net-zero carbon emissions, they are realizing that there is power in the pedal!
E-bikes have soared in popularity in recent years with Deloitte estimating that around 130 million e-bikes will have been sold between 2020 and 2023.
“If we want to decarbonize our world, transportation needs to change. Zoomo is an incredible Aussie start-up taking this on. They’re greening delivery and transforming logistics on a global scale,” Mike Cannon-Brookes
Following an international search process, Annie Parker and Liza Noonan have been appointed to lead the delivery of the Tech Central and Westmead Districts respectively.
Chief Executive Officer Elizabeth Mildwater said,
“Annie is a globally recognised startup ecosystem leader, having built multiple startup programs around the world for Microsoft, Telefonica and Telstra. She is also an advocate for equity and inclusion, which she led in her most recent role in the Startups team at Microsoft, and she has built programs that grow the broader community, teaching technology and entrepreneurial skills to communities that need them.
“Liza comes to us from CSIRO where she was Director Company Creation, Director Global and leader of the ON Accelerator, Australia’s first national science and technology accelerator supporting publicly funded research achieve real world impact faster.
“She was the founding CEO of Springboard Enterprises Australia and spent over ten years at Alcatel-Lucent (now Nokia) in senior strategy and innovation management roles spanning UK, European and Asia-Pacific markets.
“These appointments come at a critical time as we plan for Greater Sydney’s future. Knowledge intensive industries will fuel our future economy, attracting investment and talent. These industries need cities that can deliver a concentration of talent, infrastructure and ideas. Greater Sydney’s innovation precincts will be home to world-class research and cutting-edge companies, supporting outstanding research, innovation and collaboration,” Ms Mildwater said.
“And our innovation districts are more than just places to work. As magnets for talent and investment, they must be great places to live, and diverse and vibrant centres of creativity and culture, leisure and innovation,” she said.
“Together with the signature buildings and vibrant public spaces that come with them, each centre needs a sense of place, the right balance of work hubs and housing outcomes, and the necessary amenities surrounding them.”
“I’m thrilled that this opportunity has lured two extraordinary women back to Sydney and look forward to working with Annie and Liza to realise the enormous potential of Tech Central and Westmead,” she said.
No alcohol - no hangovers - the Drink for the health conscious !
It’s a hot space with glbal liquor giants such as Diageo, Pernod Richard and William Grant all pushing hard into the non-alcoholic spirits sector.
Annualised sales for Lyare approaching $100 million). Achieving a compound growth of 450 per cent.
The original backer was Greg Bundy, former global chief operating officer of Merrill Lynch Asset Management, who is now Lyre’s chairman.
Other investors include
1. being obsessive about customer service
“Just being obsessive about customers, that can translate into loyal behaviour. Ultimately you can apply that to any business.” Says Carl Hartman
2. having a fantastic co-founder to work with that you can rely on and trust
3. Have investors who believe in you and are prepared to back you
What else?
Fireside Chat with Xendit Founder and CEO Moses Lo, MBA '15 |
How do you unlock the equity that young people have in the form of their future sweat and ingenuity?
Currently, old people with large balance sheets have the power !
Why???
Because what one can manage one can measure
Some relevant questions…..
Imagine being able to back a future “superstar”early in their careers in return for a percentage of future earnings?
Sam Lessin’s Slow Ventures is looking to back stars - not the projects - giving the stars a balance sheet to leverage their skillset s to become superstars !
In return for an investment, you get a percentage of all of the money the star makes annually for 50 years and a percentage of the IP and property that is created or invested in .
Similar to the VC model…. Backers will take a portfolio approach where the superstars will carry the cost of capital for everyone.
I suppose it’s like an investor backing a “fund” vs a “project”
The stars that are investable will be
What do you think of the concept ?
Inspired By Sam Lessin a General Partner at Slow Ventures and an intern at The Information
Photo: Art by Mike Sullivan
Thanks Niki Skevak for the share
Amazon has purchased Zoox, a developer of autonomous vehicles, for $1.2 billion.
Zoox has been developing purpose-built, zero-emissions vehicles designed for autonomous ride-hailing, along with an end-to-end autonomy software stack.
Amazon purchased the company with last-mile delivery in mind. This could be a significant cost-cutting venture for Amazon, which ships more than 2.5 billion packages per year.
If the tech giant can cut labor costs by automating ground delivery, it could save them millions, while at the same time putting them in better shape than Federal Express and the United States Parcel Service.