28/05/2026
Nobody celebrates a down round.
Is it a sign of the times or a warning that the CSF regulatory settings were wrong all along?
If the ASX was forced to make listing, what’s the implication for early stage founders looking to remain in Australia?
Before you answer, consider the a cluster hit from maximum tax rates compressed into a single tax year on ESOP, founder, and investor disincentives, harder and later to access R&D.
Did someone say Startup Grind?
When Sucess looks like a $40m valuation falling to $5m, that says enough for many.
Equity crowdfunding platform Birchal has slashed the value of its business after opening a new crowd-sourced funding (CSF) round at a pre-money valuation of $5