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Australian startups raising pre-seed and seed capital almost always reach for one of two instruments: a SAFE (Simple Agreement for Future Equity) or a convertible note. Both let founders take in …
On 16 April 2026, Chief Justice Debra Mortimer of the Federal Court of Australia issued the Use of Generative Artificial Intelligence Practice Note (GPN-AI) — the Court’s first comprehensive …
Every term sheet tells you something about the relationship you are about to enter. The headline numbers — valuation, round size, dilution — get the most attention, but they are rarely where the real …
If your startup is building an AI model, the data you train it on is as important as the model architecture itself. It is also where most of the legal risk lives. In Australia, there is no general …
Most venture capital deal terms only matter at the margins — until the company hits rough waters. Pay-to-play provisions are one of those terms. In good times, they sit quietly in the …
Not every startup succeeds. The statistics are well known — the majority of venture-backed companies do not return capital to investors, and many do not survive at all. What is less well understood is …