Husic calls for equity-based crowdfunding pronto; Stackla raises $2 million; Why not to love your product

HOME | ADVERTISE | CONTACT US Dear StartupSmart reader, Federal Labor MP Ed Husic has called on the federal government tointroduce equity-based crowdfunding regulation as quickly as possible. Social media aggregation startup Stackla has raised $2 million on the bet that consumers care more about what fellow consumers think than top-down advertising. To create a successful startup, it’s important not to fall in love with your product, according to Running Lean author Ash Maurya. Online publishing platform startup Tablo will soon start helping a major publisher find new writing talent. BlueChilli launched its first venture capital fund of $10 million on Tuesday night, with the aim to invest in vetted companies that have gone through its incubator program. Startups often raise their first round of capital using a convertible note structure. Here’s all you need to know about how convertible notes work. In 2004 Bill Gates pronounced usernames and passwords dead.Gates, a man consistently thinking ahead of the crowd, was right. The nine website features that will make your retail hum. Bronwen Clune, Editor Labor MP Husic urges government to act on equity-based crowdfunding regulation by Kye White Federal Labor MP Ed Husic has called on the federal government to introduce equity-based crowdfunding regulation as quickly as possible. VIEW ALL NEWS Tablo teams with major publisher in hunt for Australia’s next bestselling author by Kye White Online publishing platform startup Tablo will soon start helping a major publisher find new writing talent. Why Stackla’s betting on social media trumping top-down advertising by Kye White Social media aggregation startup Stackla has raised $2 million on the bet that consumers care more about what fellow consumers think than top-down advertising. Ash Maurya’s warning to startups: don’t let love mask your product’s faults   by Kye White To create a successful startup, it’s important not to fall in love with your product, according to Running Lean author Ash Maurya. BlueChilli launches fund and announces its first investments   by Bronwen Clune BlueChilli last night launched its first venture capital fund of $10 million, with the aim to invest in vetted companies that have gone through its incubator program. THE NEWS WRAP: Reddit launches crowdfunding website by Kye White Reddit has expanded into the crowdfunding space with the launch of Redditmade, a platform that allows moderators to set up projects that can be backed by Reddit users. READ MORE Five startups that shook the scene Brought to you by Sensis Disrupting an entire market takes grit and determination. Here are five startups that successfully challenged the status quo and forged a new path. READ MORE How do convertible notes work? by Lachlan McKnight Startups often raise their first round of capital using a convertible note structure. A convertible note is a debt/ equity hybrid structure which, if well structured, is a flexible, simple and cost-effective way to raise a seed round. READ MORE The quick brown fox can help secure your passwords online   by Alastair MacGibbon In 2004 Bill Gates pronounced usernames and passwords dead. Gates, a man consistently thinking ahead of the crowd, was right. READ MORE The nine website features that make your retail business hum   by Craig Reardon The pro website features you will need if you are in retail. READ MORE