Financial System Inquiry recommends crowdfunding regulation; Your Grocer raises $500,000; How to deal with conflicting startup advice

HOME | ADVERTISE | CONTACT US Dear StartupSmart reader, The startup industry has welcomed the Financial System Inquiry’s recommendations that the government should implement regulation that facilitates equity-based crowdfunding, establish a committee that nurtures financial system innovation, and remove unnecessary impediments to innovation. Melbourne-based grocery delivery startup YourGrocer has just closed out a $500,000 seed funding round, led by Bevan Clarke, Guy King and other private investors. The growth of delivery startup Zoom2U has surprised its founder Steve Orenstein after deliveries tripled to 1000 in its third month. How to deal with conflicting startup advice. Snaring big corporates as clients is all about patience and persistence, according to Bugwolf founder Ash Conway. After launching in March 2013, Hong Kong travel booking startup HotelQuickly now has over 600,000 users globally, and it’s got its sights set on Australia. Financial System Inquiry: What the 44 recommendations mean for your startup. 'Haters gonna hate' is no consolation for online moderators – the often nameless and invisible people trying to police the flow of abusive, and often very offensive, material. Kye White, Editor Financial System Inquiry crowdfunding recommendation draws support from startup industry figures  by Kye White The Financial System Inquiry has recommended the government should implement fundraising regulation to facilitate crowdfunding for debt and equity, and eventually other forms of financing. VIEW ALL NEWS Melbourne-based startup closes $500,000 seed funding round, backed by Bevan Clark and Guy King by Andrew Sadauskas Melbourne-based grocery delivery startup YourGrocer has just closed out a $500,000 seed funding round, led by Bevan Clarke, Guy King and other private investors. How to deal with conflicting startup advice by Broede Carmody Entrepreneurs are faced with a wealth of advice these days from websites, videos, conferences, hackathons and even their own peers. Boom in business for delivery startup Zoom2U by Dinushi Dias The growth of delivery startup Zoom2U has surprised its founder Steve Orenstein after deliveries tripled to 1000 in its third month. Snaring big corporates as clients all about patience and persistence, says Bugwolf founder by Broede Carmody Entrepreneurs need to be patient and persistent if they are to form partnerships with large corporates, according to the founder of an Australian startup that has snared clients such as NAB and Australia Post. THE NEWS WRAP: Samsung releases Oculus Rift-based headset in the US by Andrew Sadauskas Samsung has released its Gear VR virtual reality headset in the US for $US199, with the device based on technology from Oculus Rift. READ MORE Resourcing for growth: why you need a flexible hiring strategy by Elance-oDesk Waiting until your workload explodes is far too late to start looking for staff, and it’s no good simply being reactive if you want to grow quickly. READ MORE Financial System Inquiry: What the 44 recommendations mean for your startup by Eloise Keating The Financial System inquiry delivered 44 recommendations for reform yesterday in its final report but small to medium-sized businesses were largely ignored. READ MORE Hong Kong’s HotelQuickly moves swiftly into Australian market by Kye White After launching in March 2013, Hong Kong travel booking startup HotelQuickly now has over 600,000 users globally, and it’s got its sights set on Australia. READ MORE 'Haters gonna hate' is no consolation for online moderators by Jennifer Beckett What of online message board moderators – the often nameless and invisible people trying to police the flow of abusive, and often very offensive, material? READ MORE