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MoneyA unicorn a year: More than 50 Australian startups founded since 2011 are valued over $100 million

14:15  27 may  2019
14:15  27 may  2019 Source:   smartcompany.com.au

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Today, 52 companies founded by Australians since 2011 are worth more than $ 100 million . These unicorn startups are the very first companies to receive billion-dollar valuations Last year , CB Insights tallied the odds of becoming a unicorn — a company valued at billion or more — at under 1

Today, 52 Australian startups founded since 2011 are worth more than $ 100 million . “We believe that over the next five years a new group of world-class Internet and software companies will be formed in Well north of billion of enterprise value has been created by Aussie fintechs since 2011 .

A unicorn a year: More than 50 Australian startups founded since 2011 are valued over $100 million© Provided by Private Media Operations Pty Ltd. Australian startups

In 2012, the information memorandum for Blackbird VC’s first fund included this line:

A unicorn a year: More than 50 Australian startups founded since 2011 are valued over $100 million© Provided by Private Media Operations Pty Ltd.

“We believe that over the next five years a new group of world-class Internet and software companies will be formed in Australia.”

Let me quantify just how accurate that prediction was.

Today, 52 companies founded by Australians since 2011 are worth more than $100 million. Fourteen companies are worth more than $500 million.

Six — Afterpay, Airwallex, Canva, ZipMoney, Zoox and 10X Genomics — are worth more than $1 billion.

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This year , with the help of TrueBridge Capital Partners, we scoured the country again for budding unicorns . TrueBridge analyzed the finances of more than 150 startups , then our reporters dug deeper. That research caught problems at San Francisco-based Cleo

We have used them for a long time now and over time more of our Aperion Law is proud to have become an Industry partner of Startup Victoria. Startup Vic does great work in building and supporting the startup community in

Australia is currently producing a unicorn a year.

2011: Canva

A unicorn a year: More than 50 Australian startups founded since 2011 are valued over $100 million© Provided by Private Media Operations Pty Ltd.

2012: 10x Genomics

2013: ZipMoney

2014: Zoox and Afterpay

2015: Airwallex

Looking just at the top 52 companies, they represent a combined enterprise value of more than $30 billion and the creation of 10,000 new jobs.

A unicorn a year: More than 50 Australian startups founded since 2011 are valued over $100 million© Provided by Private Media Operations Pty Ltd.

Fintech is a clear strength of startupland. Well north of $12 billion of enterprise value has been created by Aussie fintechs since 2011. Fintechs make up 29% of the companies on the list.

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A unicorn a year : More than 50 Australian startups founded since 2011 are valued over $ 100 million . In 2012, the information memorandum for Blackbird VC’s first fund included this line: “We believe that over the next five years a new g…

But Australia ’s richest 200 have also managed to significantly increase their wealth in just the past 12 months, with last year ’s list reporting a total wealth of 2.7 billion. NOW READ: A unicorn a year : More than 50 Australian startups founded since 2011 are valued over $ 100 million .

A unicorn a year: More than 50 Australian startups founded since 2011 are valued over $100 million© Provided by Private Media Operations Pty Ltd. Atlassian

Atlassian’s founders Mike Cannon-Brookes and Scott Farquhar. Source: Supplied.

Software-as-a-Service (SaaS) is the other Aussie strength (thanks Mike Cannon-Brookes and Scott Farquhar for paving the way).

The Aussie SaaS startups on this list have created $6.5 billion of enterprise value since 2011. They make up 35% of the companies on the list, and Blackbird is proud to be an investor in six of the top seven.

Aussie direct-to-consumer (D2C) companies have created $3.9 billion of enterprise value since 2011. They make up 23% of the companies on the list.

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A unicorn a year : More than 50 Australian startups founded since 2011 are valued over $ 100 The world is leaving coal behind, and it’s up to startups to pick up the economic slack https Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more

ThoughtSpot, a Silicon Valley start - up whose technology provides a Google-like search of corporate data, on Tuesday said it landed 5 million in new "It's a very small amount” compared with the $ 50 million to $ 100 million large corporations spend each year on data analytics technology, Singh says.

Just three of the companies on the list are bootstrapped. And all three of these are D2C.

The great Aussie VC firm of the last generation was Accel (it invested in Atlassian, Campaign Monitor, OFX and Big Commerce). Encouragingly, the investor community has responded, and 64% of companies on the list have at least one Aussie VC on the cap table.

“Bloody smart people”: It’s up to startups to tackle climate change, and bring jobs to regional Australia

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2011 and 2012 after the 2000s Australian drought. Australia 's carbon dioxide emissions per capita are among the highest in the world, lower than those In common with many other developed countries, Australia is experiencing a demographic shift towards an older population, with more retirees and

Last year , CB Insights tallied the odds of becoming a unicorn -- a company valued at billion or more -- at under 1%. While most of the companies that reached unicorn status are in the US Here's the full roundup of 2018's freshly minted unicorns : Canva is an Australian company that

Geographically, 75% of the companies are still headquartered in Australia.

The spread:

  • 40% in Sydney;
  • 20% Melbourne;
  • 17% San Francisco; and
  • notably, 10% are Brisbane-based.

Just 15% of the companies have a woman on the founding team.

The average enterprise value of companies without a woman on the founding team (n=44) is $500 million.

The average enterprise value of companies with a woman on the founding team (n=8) is $900 million.

Some quick comments.

  • Private companies are private. It’s a founder’s right to publicly reveal their valuation, not mine. So I can’t and won’t share the list.
  • The window of opportunity for the current crop of Aussie VCs to have made early-stage investments in this generation of Aussie startups starts in about 2011. Blackbird announced its first fund in 2013 ($30 million). I acknowledge this time window is somewhat arbitrary.
  • This is just a list of company valuations. All the meaty stuff — revenue, growth rates and ownership — are not included in the analysis.
Finally, remember that valuations are not the important thing.

The important thing is ambitious, world-class founders solving real problems for customers, and generating real, growing revenues.

Valuations will fluctuate, wonderful businesses will persist.

As I look down the list of companies, I am filled with pride and optimism for the future that Australian founders are building.

We should all be grateful to them.


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