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My opposition to seeking money is that I don't believe there is much of the way of angel investors in Australia, but my main opposition is taking an investment

by trevaa 12y ago

My opposition to seeking money is that I don't believe there is much of the way of angel investors in Australia, but my main opposition is taking an investment and then having a new boss to answer to. I don't want to chance getting into the same situation by answering to someone who really doesn't know what they're talking about. With regards to inciting change.. I have tried for twelve months now, they can't be helped. It's not web design, its financial software - they use notepad for tracking bugs and excel for project management.

Mandatum 12y ago
There are - I'm in New Zealand which is a similar but much, much smaller market. You'll need to travel - just as you would in rural New Zealand, you'll have to go where the investors are and meet them. Wellington and Auckland are the big cities here - I assume Melbourne/Sydney/Brisbane for you? Are there meetups in Adelaide? Go and ask questions!
- GFischer 12y ago
  Mandatum is right, there must be some kind of financing in Australia, it's a huge and prosperous country. Edit: I found a lot with just a basic web search. I understand they might not want to fund you if you stay part-time though. Edit again: maybe you can get some kind of government agency to help you out, there are Early Stage Funds, Grants, etc... plenty of help around :) http://www.business.gov.au/grants-and-assistance/grant-finder/Pages/Search.aspx?collection=business-gov-au&profile=grant&search_type=grant&query=software%20start%20up http://www.business.gov.au/grants-and-assistance/grant-finde... See also https://angel.co/australia/investors https://angel.co/australia/investors If you're not in debt, maybe you can save a very minimum nest egg (1 month of expenses, whatever you need to find a job in case it fails), and go for it, since it looks that the worst case scenario is going back to a job that can't be much worse than where you are now. I certainly agree with toyg's advice, if you believe in your project, then go for it. Also, your deadline might be artificial (I don't know what you're building), it's good to get an MVP out there fast, but not being first to market might not be a killer.
oulu2006 12y ago
Lots of angel investors in Sydney mate, the startup scene here has really grown in the last 2-3 years especially, since we started our startup 3 years ago here. Lot of startup programs you can get involved with, like Startmate, pitch at SydStart, or take a look at BlueChilli. If you're serious you will have to come to Sydney for a little while though.
brc 12y ago
Have you even looked for investment? It's easy to believe there is no angel money around, because it doesn't fall into your lap. An interesting exercise is to write down a list of the ten richest people you know, who would know you if you phoned them. (Ie, you could ring them up and they would know who you are). Often these are parents of friends or perhaps rich relatives, or maybe old work colleagues. Then write down how much money you think they might be able to invest, and then sketch out a pitch for your idea. At that point you could bottle it and never ask, or you could go further and actually make the pitch to some of them. You could be surprised at the result, but it would certainly help if you actually did come across a 'real' angel investor.

by trevaa 12y ago

Mandatum 12y ago

There are - I'm in New Zealand which is a similar but much, much smaller market. You'll need to travel - just as you would in rural New Zealand, you'll have to go where the investors are and meet them. Wellington and Auckland are the big cities here - I assume Melbourne/Sydney/Brisbane for you? Are there meetups in Adelaide? Go and ask questions!

GFischer 12y ago
Mandatum is right, there must be some kind of financing in Australia, it's a huge and prosperous country. Edit: I found a lot with just a basic web search. I understand they might not want to fund you if you stay part-time though. Edit again: maybe you can get some kind of government agency to help you out, there are Early Stage Funds, Grants, etc... plenty of help around :) http://www.business.gov.au/grants-and-assistance/grant-finder/Pages/Search.aspx?collection=business-gov-au&profile=grant&search_type=grant&query=software%20start%20up http://www.business.gov.au/grants-and-assistance/grant-finde... See also https://angel.co/australia/investors https://angel.co/australia/investors If you're not in debt, maybe you can save a very minimum nest egg (1 month of expenses, whatever you need to find a job in case it fails), and go for it, since it looks that the worst case scenario is going back to a job that can't be much worse than where you are now. I certainly agree with toyg's advice, if you believe in your project, then go for it. Also, your deadline might be artificial (I don't know what you're building), it's good to get an MVP out there fast, but not being first to market might not be a killer.

oulu2006 12y ago

Lots of angel investors in Sydney mate, the startup scene here has really grown in the last 2-3 years especially, since we started our startup 3 years ago here. Lot of startup programs you can get involved with, like Startmate, pitch at SydStart, or take a look at BlueChilli. If you're serious you will have to come to Sydney for a little while though.

brc 12y ago

Have you even looked for investment? It's easy to believe there is no angel money around, because it doesn't fall into your lap. An interesting exercise is to write down a list of the ten richest people you know, who would know you if you phoned them. (Ie, you could ring them up and they would know who you are). Often these are parents of friends or perhaps rich relatives, or maybe old work colleagues. Then write down how much money you think they might be able to invest, and then sketch out a pitch for your idea. At that point you could bottle it and never ask, or you could go further and actually make the pitch to some of them. You could be surprised at the result, but it would certainly help if you actually did come across a 'real' angel investor.