Spotlight #12 - Startups & Operators

Batko OS - increase your surface areas for luck to strike.

Michael Batko

Jan 18, 2021

The Spotlight is back for 2021!

This time Startmate has excited news for you 💫

We are hiring 6x roles in Victoria + New Zealand.
If you know someone please share this with them.

We’re looking for:

Events & Outreach Associate
Community & Partnerships Associate (NZ - based)
Investor Associate
Talent Community Associate
Student Fellowship Associate
No- to Low-Code Engineering Fellowship Associate

On a personal note - BatkoOS is almost at 1k subscribers so
🙏 thank you 🙌 for reading and sharing!

😇 Angel Spotlight

Do you want to be featured as an Angel? Fill this out (10mins)

💸 Startup Spotlight

Do you want to be featured to Angels/VCs? Fill this out (10mins)

🛠 Operator Spotlight

Looking for a job? Get featured in the next Operator Spotlight - fill this out.
Have an ops job you want featured? Hit reply and send it my way.

What’s in this Edition?

Get Investment - Angels keen to connect
Invest - Startups keen to connect
Hire - Operators ready for a startup job
Apply - Latest startup jobs
Join - Startups that just raised

1) Get Investment - Angel Spotlight

No spotlight this week.

2) Invest - Startups Keen to Connect

🚨 Disclaimer* 🚨  This is not financial advice, nor a recommendation. Please connect with the founders directly to hear more.

💸 Tendr

>> Connect Here.

Like the ASX did for the exchange of shares, Tendr is removing the cumbersome paperwork and payment mistrust associated with the construction industry by creating an online payment exchange system for Australia.

Problem

There is a huge need for a payments system to hold subcontractor payments in a trust to ensure they get paid.

Solution

A trust account/financial platform is utilised where monies are deposited into and both parties verify the transaction has taken place for monies to be released: but neither party can access until both verify it.
A combination of PEXA, Xero and PayPal is likely the best way to describe us currently.

How do you know it's a problem?

A 2015 Senate report into insolvency in construction estimated the industry suffered $3 billion in unpaid debts, including subcontractor payments, employee entitlements and tax debts averaging about $630 million a year.
The QLD government are trialling a similar version of our solution in house with a Project Bank Account (PBA).

What's your central unique insight?

1 of our founders is an Electrician with extensive 'boots on the ground' knowledge of what happens when builders strong-arm subbies, withhold funds, have no accountability etc and the ramifications of doing so.
Our other founder has been a construction project lawyer; so we both have a very unique perspective on the construction industry.

3) Hire - Operators ready for a startup job

Nick Berg

Location: Auckland (relocating to Auckland from Oxford early Feb)
Past Roles: People and Talent Acquisition @ ONI, Research and Development @ ONI, Production and Operations @ Abbott Laboratories

I love being surrounded by ambitious bright people, some of my best memories are couch surfing universities (e.g. Harvard, Oxford, Cambridge, and Columbia.)

Ideal Next Industry: Background in Biotech, looking to be exposed to the broad NZ ecosystem, so potentially a role in VC.
Ideal Next Role: Fixer - looking to wear many hats in a small team e.g. R&D, Recruitment, Sales.

>> Connect Here

4) Apply - Latest startup jobs

These are new roles which were posted in the last two weeks.

Startmate

Hiring 6x roles in Victoria and NZ! >> All Here.

Startmate Alumni

Design Lead @ Josef (Melbourne)
Flight Operations Manager @ SwoopAero (Melbourne)

Startups

Lots of roles @ Deputy (Sydney)
Product Designer @ Dovetail (Sydney)
Customer Success @ Pyn (Australia)
Operations Associate @ Beam (Canberra)
Ops, Product & Sales @ Shippit (Sydney)
Senior Product Manager @ Immutable (Sydney)
Business Development Manager @ Raygun (Wellington)
Commercial Analyst - Marketing @ Canva (Sydney)

Ecosystem

Startup Accelerator Manager @ Medtech Actuator (Melbourne)
Ecosystem & Startup Support Manager @ Stone&Chalk (Melbourne)

5) Join - Startups that just raised

Pro tip: Companies often time their fundraising PR when they are ready to hire.

Judo Bank - $280m - neo-bank
Limepay - $21m led by angels - white label BNPL
Formus Labs - $7m - orthopaedic surgery software
Particular Audience - $4.7m led by Carthona Capital - provide eCommerce businesses with a no-code AI-powered personalization
Immediation - $3.75m led by Thorney Investment Group - dispute resolution for SMEs
Abyss - $3.25m led by AirTree - robotics and AI

* The information contained in this Startup Spotlight Series (the Information) is provided for information purposes only. No warranties or representations are made by Startmate or myself with respect to the accuracy, completeness or currency of the Information and no part of the Information may be relied upon for any purpose whatsoever.

The provision of the Information to any person does not constitute, and may not be used for the purposes of, an offer of securities or interests of any kind to that person or an invitation to any person to apply for the issue of securities or interests of any kind. In preparing the Information, neither Startmate or I have taken any account of the investment objectives, financial situation and particular needs of any particular person, and prospective investors must not construe the Information as tax, legal or financial product advice. Before making any decision to invest, prospective investors should:

(a) connect directly with the founders of each portfolio company to find out further information;

(b) seek and rely on their own professional advice, in particular by obtaining appropriate tax, legal, financial and investment advice in light of their own circumstances; and

(c) conduct their own independent investigation and analysis regarding the Information.

No responsibility or liability is accepted by Startmate, its related bodies corporate, or any of their respective officers, employees, agents or advisers, for any of the Information, any omission from the Information or for any action taken by any person on the basis of or in reliance on the Information; and

The Information is only intended for persons who are “wholesale clients” within the meaning of the Corporations Act 2001 (Cth) and to US persons who are “accredited investors” as defined in Regulation D of the US Securities Act 1933.

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