Bug Blog

Venture capitalist, industry analyst, and Kleiner Perkins partner Mary Meeker has released her annual internet trends report.

We at Bugwolf are excited to be joining a fantastic lineup at the Fintech Finals Competition on the 19th of January. The competition is part of the FF17 event which begins on Tuesday January 17 and runs through Thursday January 19th.

Breaking News: Bugwolf has been selected for the semi finals of the Next Money pitch contest. Bugwolf will have the opportunity to be among the top 5 to 10 startups pitching in Melbourne for a chance to go to the Fintech Finals brought to you by Visa that take place in Hong Kong on January 18th and 19th 2017. We are honored to have the chance to impress a judging panel and audience of fintech industry leaders.

Venture capital financing is private equity capital provided to young companies that show high potential. There is a myth that venture capitalists are all individuals with a lot of money. While there are angel investors, the majority are institutional investors that are considerably more cautious.

So much time is invested in preparing, prospecting, and pitching to investors. I’ve never raised capital before. We’ve been bootstrapped for the past two years and we’re capital efficient, but a few months back I started preparing to raise a small amount of capital to scale the business faster - in between running the business and speaking with new clients.

Startups lead to a balance of power and wealth. Historically, only a small number of wealthy individuals owned a majority of the world finances, but in the new world anyone with a good idea and guts can make it happen. Startups disrupt this. The good guys and gals that exit go onto to continue to distribute their wealth. Note to Atlassian founders - don't forget this.

I’ve spent the last 4 weeks on the fundraising campaign path for Bugwolf meeting and connecting with Australian investors. I’ve attended pitch dinners and competitions, and pitched my heart out. Bugwolf is an Australian early stage startup success story. We are cash flow positive and our revenue is growing 300% YoY.