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    Paul Bassat

    May

    Nvidia has acquired Yonatan Geifman’s start-up Deci, which is a big win for Paul Bassat’s Square Peg.

    Big win for Square Peg as Nvidia buys AI start-up Deci

    The Melbourne VC firm will soon be toasting a rich profit on its investment in an Israeli AI start-up, when it is acquired by chip titan Nvidia for $447 million.

    • Nick Bonyhady
    Venture capitalists Craig Blair, Paul Bassat, Rick Baker, and Michelle Deaker have to judge when to sell just as wisely as what to back.

    Stick or twist? How start-up investors know when it’s time to sell

    VCs selling down Canva stakes could leave huge gains on the table, but don’t want to leave selling too late. Poorly timed sales have a history of destroying value.

    • Adir Shiffman

    April

    GoCatch co-founder Andrew Campbell arrives at Court on the first day of the trial on Tuesday.

    Uber and GoCatch stagger out for round two of court case

    Nobody expected a clean fight when GoCatch called out Uber for huge damages, but startling details in the first week of the trial have left both sides wounded.

    • Paul Smith
    GoCatch founders Andrew Campbell and Ned Moorfield pictured in 2013, before they allegedly fell out over the company’s direction.

    Founder fights and investor fury exposed as Uber makes its case

    Investors in fallen transport app GoCatch were alarmed by its lack of progress and wanted to sack its co-founders around the time UberX launched in Australia, private emails show.

    • Paul Smith
    Well before the ridesharing giant dominated, it had a big local rival. This week, Victorian courts will hear explosive claims of how it killed the competition.

    Uber’s ‘espionage plot’ to ‘crush’ Packer-backed rival GoCatch

    Well before the ride-sharing giant dominated, it had a big local rival. This week, Victorian courts will hear explosive claims of how it killed the competition.

    • Paul Smith
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    March

    Silvija Martincevic, CEO of Deputy.

    Australia has its first tech ‘unicorn’ in two years

    Software firm Deputy cracks the billion-dollar valuation milestone to break Australia’s unicorn drought, after a prospective US customer invested $37 million.

    • Tess Bennett

    January

    Square Peg co-founder Paul Bassat.

    Square Peg starved of exits; returns disappoint

    No exits in a year, more write-down provisions and lacklustre returns from its latter funds sums up local VC bigwig Square Peg’s returns.

    • Sarah Thompson, Kanika Sood and Emma Rapaport
    Craig Blair, Paul Bassat and Michelle Deaker.

    Many start-ups that survived 2023 are delaying inevitable, VCs warn

    This year will be a make or break, according to some of the largest venture capital firms, which say there is plenty of investor interest in the best companies.

    • Paul Smith

    December 2023

    “Mining Barbie” Amanda Lacaze accepts her award.

    Bonfire of the CEOs: Rear Window’s 2023 year in review

    The year ended with a lecture from the mining establishment, but not before a carry-on of CEOs joined the unemployment queue.

    • Myriam Robin and Mark Di Stefano
    Blackbird co-founders Niki Scevak  and Rick Baker operate under a tagline saying they invest in companies, not funding rounds.

    ‘Australian Tiger Global’: VCs firms split over investment strategy

    Blackbird Ventures is using its size to pay more for stakes in early-stage start-ups than many of its rivals, who say it could eventually hurt founders.

    • Nick Bonyhady

    November 2023

    Marc Hermann, co-founder of Everlab, with a client of his start-up, which quantifies people’s health by measuring things such as their levels of sleep, blood sugar and oxygenation.

    How the tech crowd track their health to live longer

    ‘Quantified self’ is a movement where the health conscious are trying to leave nothing to chance, using the latest in technology to monitor their bodies and fitness.

    • Nick Bonyhady
    Paul Bassat

    Pro-Palestine boycott of Aussie companies condemned

    Prominent Jewish Australians including Paul Bassat and Mark Leibler have condemned a campaign to target local retailers linked to Israel.

    • Patrick Durkin

    October 2023

    Rayn Ong has already received $1 million back from his $250,000 investment in Blackbird’s first fund, but says he still has about $7.45 million of ‘on paper’ value still to receive.

    Good luck, rich parents and Canva: how Blackbird made millionaires

    The names of some of those making a fortune from Blackbird’s first VC fund are surprising. One of them, Rayn Ong, says his good fortune was ‘life-changing’.

    • Paul Smith
    Chairman Richard Goyder will leave the Qantas board by next year’s AGM.

    ‘Not going anywhere’: Goyder meets AFL chiefs after Qantas retirement

    Days after putting in place his retirement plans at Qantas, Mr Goyder will convene the AFL Commission on Monday. He is expected to tell club bosses he will stay in the job for another two years.

    • Mark Di Stefano and Patrick Durkin
    Mark Leibler: “There have been more Jews killed, raped and pillaged in one day than has ever occurred since the Holocaust.”

    Mark Leibler has five grandsons in Israel. Three were just called up

    The shocking attack on Israel by Hamas militants has brought back terrifying memories for Australian Jews, including lawyer Mark Leibler. And many of them have friends and family in the firing line.

    • Updated
    • Patrick Durkin, Samantha Hutchinson and Jessica Sier
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    Outgoing GWS club president Tony Shepherd

    AFL’s succession drama approves a spin-off

    An interview in the AFR has opened up a race to see who will replace Tony Shepherd as club president of the GWS Giants.

    • Mark Di Stefano
    Jack Zhang: “Great intensity and pressure ... is what’s required to survive.”

    Inside the ultra-high-pressure world of Airwallex

    The Australian payments giant grew out of a Melbourne coffee shop almost a decade ago and became a global player. But is it ready for prime time?

    • Lucas Baird and Jonathan Shapiro
    AFL CEO Gil McLachlan with Collingwood CEO Craig Kelly.

    Embattled Richard Goyder farewells Gil McLachlan. Again

    You know you’ve drawn a power crowd when not only doesn’t the prime minister get to speak, but his presence rates only a passing mention.

    • Joe Aston and Myriam Robin

    September 2023

    Canva co-founders (from left) Cliff Obrecht, Cameron Adams and Melanie Perkins have signed an open letter supporting the Voice.

    Why Canva’s Melanie Perkins is finally backing the Voice

    Even some of Australia’s most progressive companies have been wary of endorsing the Voice as No campaigners seek to portray them as “elites”.

    • Nick Bonyhady
    Qantas, Woodside and AFL chairman Richard Goyder.

    Richard Goyder weighs Qantas positives, Joyce’s payout

    The Qantas board led by Richard Goyder will need to weigh up whether to release all shares and bonuses for Alan Joyce worth more than $21 million.

    • Mark Di Stefano