Emily Rich explains why taking “smart money” is often a better path

Emily Rich explains why taking “smart money” is often a better path

Emily Rich explains why taking “smart money” is often a better path

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Episode Summary:

Emily Rich is a co-founder and partner at M8 Ventures, a venture fund that focuses on investing in tech startups during their “pre-seed” stage. Emily is also Director of Startups for APAC, where she has been tasked with helping to drive startup growth in the Asia-Pacific region. This is a special episode featuring guest host Alan Jones, an investor and veteran of Australia’s startup ecosystem who has supported Australian startups independently and through BlueChilli, Blackbird Ventures, Pollenizer Ventures and Startmate. In the conversation, Emily discusses how she got her start co-founding a machine learning startup, and her belief that while bootstrapping a business may be an appealing prospect for early founders, that seeking investment early and taking what she calls “smart money” is often a better path for fast and sustainable growth.

Chapters:

00:00 Introduction to Day One Podcast

00:17 Meet Emily Rich

00:41 Emily's Background in Technology

02:47 Early Programming Experiences

05:48 Education and Cybersecurity

06:52 Starting Gemsoft

09:23 The Startup Community in South Australia

11:09 Gemsoft's Initial Product and Pivot

13:49 Transitioning from Hardware to Software

14:24 Growth and Acquisition of Gemsoft

16:50 Influential Australian Startups

18:45 Government Support for Startups

19:19 Talent Shortages in the Ecosystem

21:30 The Importance of Community Collaboration

23:09 Gaps in the Current Ecosystem

24:50 Encouraging More Founders to Invest

26:23 Advice for New Entrepreneurs

30:12 Future Developments in the Startup World

32:50 Closing Thoughts and Acknowledgments

Transcript:

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Transcript:

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Transcript:

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