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LaunchVic shuts down, the Tech Council undergoes a shakeup, and Airwallex CEO Jack Zhang publicly clashes with Silicon Valley investor Keith Rabois, an early investor in Stripe. Plus, another startup hits the ASX and OS heads to WestTech!
OS Weekly
Victoria looks to streamline a sprawling $660M investment landscape by abolishing LaunchVic as a standalone entity and consolidating equity under Breakthrough Victoria.
Ecosystem News
The generative video AI agent is designed to act as an interactive coach and is already helping hyperscaling companies onboard customers without scaling the customer success team.
Pre-Seed
The third fund comes as the global trend of prolonged exit timelines for high-growth tech companies continues to put pressure on early investors, employees, and founders seeking to realise paper gains.
Investment Fund
Asia-Pacific venture capital firm Pacific Channel is launching its first local vehicle, Fund IV, targeting $55 million in deployment to early-stage Australian deep-tech startups.
A new unicorn is crowned, a pre-IPO chip giant, 39 potential climate-tech billion-dollar plays and a seaweed startup that just went public. Plus, Blackbird's investor update leaks and meet the startup that's tackling the adult diaper problem.