It’s Wednesday. Here’s what you need to know in Australian tech.
1. Freelancer has raised $10 million and upped its share free float of 23%. The funds will be used to fund several potential “bolt-on” acquisitions and pay for a bunch of corporate expenses. Company CEO Matt Barrie sold off about 4% or $12 million worth of his holding in the company. Canadian investment bank Canaccord has also upgraded its Freelancer guidance to a buy and set a $1.75 price target. At the open, Freelancer shares jumped to more than 1.69% to $1.50. Full story is here.
2. Struggling Quickflix has a new plan: Distribute Chinese TV and film content. In what looks like the company’s final breaths, Quickflix is teaming up with a mystery Chinese film and TV group. The streaming company has been bleeding 5000 subscribers a month since Netflix launched in Australia back in March. Full story is here.
3. The KoalaSafe guys nailed their first Kickstarter campaign raising $100,939 from 443 backers to help bring their safe internet project to life. But they learned a fair bit along the way. Company co-founder Steven Pack said one of the big things was just because customers found the startup on Kickstarter doesn’t mean they’re tech savvy, they had to learn to be flexible and be prepared to go global. Here are 9 things they learned about crowdfunding.
4. An anonymous crowdfunder is asking the Internet to make him a millionaire in 90 days — and it’s working. It seems if you need to cash, all you have to do is ask. Wemadeamillionaire.com launched on July 28 and word has started to get around with donations already nearing $US12,000 to date. Full story is here.
5. Netflix employees now get “unlimited” maternity and paternity leave during their child’s first year after birth. The company says employees “can return part-time, full-time, or return and then go back out as needed. We’ll just keep paying them normally, eliminating the headache of switching to state or disability pay.” The company already gives employees unlimited time off but it shows the video-on-demand business is trying to be kid-friendly. Full story here.
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