The true crisis is that this became so newsworthy, which indicates we have work to do to encourage more failure.

The certain segments of the Australian media fixated on startup failures will suffocate innovation in this country.

Who are the startups, angels and VCs in the Sunshine Coast to know about?

Our new quarterly update launches today amidst a challenging time for many Australian startups. Funding to startups hit $661M across 82 deals in Q1 2023. We surveyed 141 startup investors to get a read on the room. Read at https://t.co/oYgTPrs6ls

Nominations Governor of Victoria Startup Awards presented by our good friends at @LaunchVic close imminently! Submit your vote for the heroes that keep the Victorian startup ecosystem going from strength to strength. https://t.co/Yta45Fh2Oa

Very sorry to see the news about Silicon Valley Bank overnight. They have been a financial sponsor of our since almost day dot. A lot of the work Cut Through has done was made possible by SVB. Great people too — and big supporters of the Aussie ecosystem.

Any Aussie uni students keen to get some VC exposure want to help us on a little (but important) data project? Drop us a DM… or tag anyone below who might fit the bill 🙏 👩‍💻👨‍💻

Download the full State of Australian Startup Funding report here:

5. There's still a long way to go. ➡️ While Indigenous-founded startups like @PearliiApp, Vets on Call, Rainstick and https://t.co/sYGU4Bv1x8 received funding in 2022, the work has just begin to create a truly equitable and inclusive ecosystem. #StateofAusStartup

4. Dedicated organisations are stepping up.👊 Dedicated organisations have been instrumental in bridging the gap between Indigenous entrepreneurs and access to capital and support needed to scale their business.

3. And so are alternative capital pathways. 💸A rise in crowdfunding as an avenue for Indigenous entrepreneurs and investors occurred over the past year, with over $3M invested in indigenous entrepreneurs through crowdfunding.

2. But Indigenous founders are on the rise. ⬆️ Over the last 12 months, the number of Indigenous startups has grown significantly, driven by more capital pathways, investment allocation, dedicated accelerators, funds and organisations supporting Indigenous entrepreneurs.

1. Meaningful data is lacking. There is not enough data to comprehensively quantify Indigenous founder experiences or the total capital allocated to Indigenous founders. #StateofAusStartup

The Indigenous founder experience in Australia is changing. Follow the thread for the 5 key things to know and expert opinions on the most important areas for improvement. #StateofAusStartup Read more at: https://t.co/Q8YPQWQBpT

Download the Full State of Australian Startup Funding report for more: https://t.co/Q8YPQWQBpT #StateofAusStartup

10. 2022 was a record year for venture debt and equity #crowdfunding, thanks to a rise in searches for non-dilutive options. 🫂 #StateofAusStartup

9. Angel investing continued on an upward trajectory in 2022, thanks to new pathways and lower minimum investment. 😇 #StateofAusStartup

8. When it comes to Indigenous founders, progress has been made, with more work to be done. 👊 #StateofAusStartup

7. #FemaleFounders’ participation in deals reached an all-time high in 2022, but their share of funding dropped to a level not seen in years. 🧐 #StateofAusStartup