NewsBite

Entrepreneur

September

Step One underwear founder and CEO Greg Taylor says a decision to branch out into women’s underwear was crucial in turning around the fortunes of the group.

Step One founder sells down, Morgans on trade

The broker had $30 million of shares in the bamboo underwear maker up for grabs at $1.70, although Greg Taylor will retain majority ownership.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
Indebted founder and chief executive Josh Foreman has relocated to the US, its most lucrative market.

Digital debt collector worth $350m after big money raise

Business booms for InDebted when cost-of-living hits consumers. It has attracted new investors, including a super fund to back a rare valuation increase.

  • Paul Smith
SpaceX spacewalk.

Billionaire goes from basement to world’s first private spacewalk

Jared Isaacman planted the seeds of payments company Shift4 in his parents’ basement and used to scrounge for pizza dollars. But at 41, he’s just made history.

  • Emily Mason
Robin Khuda arrived in Australia as an 18-year-old from Bangladesh, and is now at the centre of the year’s biggest deal.

Robin Khuda is the ringleader of this year’s biggest M&A deal

The founder of AirTrunk has cashed in on the inexorable rise in demand for processing power and built a vast fortune on the rise of cloud computing.

  • Paul Smith and Tess Bennett

August

Stake co-founder Matt Leibowitz.

This trader spotted a ‘really big gap’ – and made a fortune

Stake’s Matt Leibowitz loved his job as a derivatives trader, but when his friends started asking how to invest in US stocks, he saw an opportunity.

  • Yolanda Redrup
Advertisement
Making a place: The Pillars cofounders (excluding Jonathan Lui), from left Bradley Delamare, Cherryl Mack, Matthew Browne, Emma Bloomfield, and Steve Grace.

The faces behind Sydney’s new $10m members’ club

For $20,000 a year, members of Australia’s new tech and funding community club can take an ice bath, or breastfeed, in a space of their own.

  • Michael Bleby

Why an Aussie firm spent $1.5m on a ‘Drive to Survive’-like rally doco

In a branding strategy inspired by the success of influencers such as MrBeast, SafetyCulture founder Luke Anear is using YouTube to increase audience reach.

  • Paul Smith
Gabriel Jakob in his office in Sydney.

This immigrant quietly made $550m. He has tips for making $1b

Gabriel Jakob is one of the most successful Australian entrepreneurs you’ve probably never heard of. Now he’s telling his story, but not posing for a full photo.

  • Yolanda Redrup

July

Stubblety-Cook drinking his coffee at the Olympic trials in Brisbane.

2000 customers: Zac’s big plans for gold outside the pool

In June, swimmer Zac Stubblety-Cook qualified for the Paris Olympics and began his first business. “I’ve definitely burnt the candle at both ends,” he says.

  • Updated
  • Zoe Samios
Tod Lacey says working as a vacuum salesman taught him “how to connect, and how to sell to people of all different backgrounds and types.”

From selling vacuum cleaners to running Booking.com in Australia at 33

Tod Lacey is one of the 2024 BOSS Young Executives. His first proper job was selling vacuum cleaners at a department store in Dunedin on New Zealand’s South Island.

  • Sally Patten
Sam Kroonenburg says he sees a similar convergence of technology capability and market opportunity for Cuttable, that he enjoyed with A Cloud Guru.

Aussie who sold cloud start-up for $2b jumps on AI for ads

Three years after selling A Cloud Guru in a bumper payday, Sam Kroonenburg is teaming up with advertising entrepreneurs with big plans and investors in tow.

  • Paul Smith
Realbase co-founder Frank Greeff sold his company to Domain in 2022 for $180 million, then he decided to write a cookbook.

What it’s like to sell your tech start-up for $180m

For Frank Greeff, selling his real estate marketing company to Domain was the hardest thing he’s ever done, and after it happened he just went to bed.

  • Yolanda Redrup
Blackbird Ventures co-founder and partner Rick Baker.

‘Not good enough’: Blackbird admits its gender pledge has stalled

Australia’s largest VC fund pledged to track data to support its rhetoric around investing in more women founders. Its first report shows it has gone backwards.

  • Tess Bennett
HammerTech co-founders James Harris and Ben Leach, with Eric Ma from Riverwood, pictured in Melbourne.

Construction start-up lands mega $105m deal

Melbourne software company HammerTech has landed a $105 million investment from Californian private equity shop Riverwood Capital.

  • Tess Bennett
Mariafe Artacho del Solar in Brisbane. She grew up in Manly, Sydney, and has played professional beach volleyball since she was 13.

This Olympian started her business seven months before Paris

Being a professional athlete is hard enough. Somehow, beach volleyball star Mariafe Artacho del Solar has found time to start a small business.

  • Zoe Samios
Advertisement

The worrying signal small business is sending on the economy

If the sector is the canary in the coal mine, Australia’s economic growth is not looking good, according to a new economic indicator from accounting software giant MYOB.

  • Ronald Mizen
Dan Fitzgerald’s regenerative tech fund ReGen Ventures successfully raised $90 million in 2021/22.

Aussie tech’s climate crisis as start-ups face capital crunch

At least 100 Australian climate tech start-ups need to raise capital in the next nine months to avoid going bust, but say the bar for investment is sky-high.

  • Yolanda Redrup
Deputy Leader of the Opposition Sussan Ley.

‘Naughty and nice’ list to be created for small business payments

Late payments by large companies are estimated to cost small and medium business $7 billion a year and contribute to their failures, prompting new rules from the federal parliament.

  • Ronald Mizen
Mina Radhakrishnan is in the early stages of building a new start-up after :Different collapsed.

What this start-up founder learned from the public death of her company

Mina Radhakrishnan, the only founder of a collapsed start-up brave enough to speak at the Financial Review Entrepreneur Summit, hopes the industry values battle scars as she tries again.

  • Tess Bennett

Cars, boats and houses won’t make you happy, says this Rich Lister

Property developer Paul Blackburne landed on the Rich List with an estimated $536 million fortune. There’s a success trap entrepreneurs need to be mindful of, he says.

  • Julie-anne Sprague

Original URL: https://www.afr.com/topic/entrepreneur-5wt