This Month
Start-up staff trade traditional public holidays for any day off
At Roller, staff have been clocking in to work on some official holidays in exchange for a day off for Lunar New Year, Diwali, or even their birthday.
Why AirTrunk gave staff a trip to Bali, plus $1000
The data centre operator gave staff money to donate to partner charities from the innovative social impact fund.
TechOne founder says former executive not sacked to save costs
Adrian Di Marco was grilled over his decision to sack a Victorian executive earning close to $1 million a year as part of a long-running legal battle.
From a Moroccan villa to the courtroom: how StrongRoom AI’s good times went bad
Court filings that allege fraud at the tech start-up paint a picture of company funds being used to fund a lavish lifestyle of foreign trips and fine dining.
EVP claims StrongRoom founder admitted to fraud, faked accounts
Documents filed by the venture capital firm also allege one of the software start-up’s directors used company money to pay for a holiday to Morocco.
StrongRoom AI administrators launch firesale despite freezing order
HLB Mann Judd said it would seek “urgent” bids for the pharmacy software start-up’s assets this week even as it clarifies whether they can be sold.
HESTA says WiseTech’s new director ‘falls short’ of expectations
The industry superannuation major is concerned that the logistics software giant has appointed its former chairman as lead independent director.
StrongRoom investors at war as founders hit with freezing orders
A European venture capital firm has accused EVP of destroying the prospects of the pharmaceutical software start-up after reporting the company to police.
March
Inside StrongRoom’s breakneck trip from hero to zero
Three months ago, the pharmacy software start-up was on top of the world. New investors, plenty of blue sky. Then came the allegations from its new backers.
WiseTech investors say they want new CEO, but back White
A shareholder sentiment survey came as the software giant said former chairman Andrew Harrison would return as lead independent director.
StrongRoom AI goes into administration two weeks after $70m valuation
The future of the software start-up, which will be put up for sale, has been in doubt since EVP, a venture capital investor, raised doubts about its finances.
Lenders move on StrongRoom AI’s bank accounts amid police inquiries
The pharmacy software start-up was accused of financial misrepresentation by one of its newest and largest venture capital investors earlier this week.
Non-compete ban threatens value of business deals: investors, lawyers
Making it easy for workers to go work for the competitor down the road may help increase wages, but it could also have an impact on acquisitions.
Labor reveals its plan to regulate crypto
Crypto exchanges will have to meet the same basic governance requirements as banks under a long-delayed policy to regulate the local sector.
Court tells Meta to unlock scam data in win for Twiggy on crypto ads
The mining billionaire’s US case against Meta has revealed more than 230,000 social media ads using his likeness were published encouraging Australians to invest in fake cryptocurrency schemes.
Super giants demand WiseTech overhaul after damning White review
A board review found the software company’s billionaire co-founder had misled the board and made incomplete disclosures about his relationship with an employee.
Aussie crypto exchange Swyftx buys NZ rival
Swyftx has acquired its smaller New Zealand rival Easy Crypto as the company rebuilds after a tumultuous few years.
King River lands Future Super, wealthy families for $150m AI fund
The Sydney-based crypto and software investor has landed its first superannuation backer for a new AI-focused venture capital fund.
Late Immutable accounts a glimpse into crypto game developer’s health
The Australian developer behind popular online video games Gods Unchained and Guild of Guardians said revenues had jumped after a near $80 million loss in 2023.
Cannon-Brookes describes ‘deep internal conflict’ over his private jet
The billionaire Atlassian co-founder says he bought the Bombardier 7500 for security reasons and his flights have a “net negative carbon footprint”.