Bug Blog

Startups lead to a balance of power and wealth. Historically, only a small number of wealthy individuals owned a majority of the world finances, but in the new world anyone with a good idea and guts can make it happen. Startups disrupt this. The good guys and gals that exit go onto to continue to distribute their wealth. Note to Atlassian founders - don't forget this.

When you first venture into your own startup, you tend to spend little time thinking about the real cost of what you’re doing. If you did, most people may never get a new venture off the ground. You should have a laser- guided focus on building a great product or service and spending as much time as you can with your customers learning about their problems.

Bugwolf founder and CEO Ash Conway pitched before a crowd of more than 4000 people in Dublin Ireland at the Web Summit Audi PITCH on 5th November 2015. The event was broadcast live over a CNBC and Web Summit stream and was watched worldwide by tens of thousands.

The Australian Israel Chamber of Commerce (AICC) hosts regular events held at various locations around Australia with the country's best leaders attending. The AICC attracts guest speakers from some of Australia's leading companies, startups, government officials, and entrepreneurs from around Australia.

Rarely there are unicorns which come along in the software space which really shake things up. They disrupt not only the large software players but also the many smaller players as well, mobile apps, and startups. They take processes which were owned by a number of products, or that a number of products did not do well, and change the game.

What began four weeks ago when Bugwolf submitted an application to Web Summit culminated in pitching to more than 4000 people in the Audi PITCH finals on November 5th and being broadcasted live via a CNBC and Web Summit stream to tens of thousands of people around the world. To make it all the way from Melbourne to the finals in this important event is a great honour. What began with 1,300 startups was reduced to 400 then 40 and then down to 2 groups of 3 - the top 3 in the Beta and Alpha categories.

The back story to getting selected for Web Summit in Dublin. To provide a back story, almost four weeks ago Suzie (drives marketing operations) sent through a Slack message and said check this out. It was a link to Web Summit. We submitted our details and got selected for a call. I pitched by phone a few times and got selected for Beta. We then discovered Audi Pitch and applied.

I’ve spent the last 4 weeks on the fundraising campaign path for Bugwolf meeting and connecting with Australian investors. I’ve attended pitch dinners and competitions, and pitched my heart out. Bugwolf is an Australian early stage startup success story. We are cash flow positive and our revenue is growing 300% YoY.

We have a big problem in Australia. Startups build their MVP, test the market, and then race off to the US to raise cash to make something of it. And if you can make it in the US then you can make it anywhere and cracking this market is a big deal. We plan on being there soon.

Bugwolf has been honoured to win the People’s Choice Award at this year’s IBM Smart Camp held at the Carlton Connect in Melbourne. IBM SmartCamp takes place across the world, includes thirty countries and is part of the IBM Global Entrepreneur of the Year Program.

Great news! Bugwolf has been named as a finalist in IBM SmartCamp, which is their global event selecting leading startups and entrepreneurs who have a great product, kick ass team, and addressing big market problems that need solving.

Bugwolf has been working with NAB (National Australia Bank) confidentially for a number of months now, but today they announced our relationship to the world. The relationship has really gone from strength to strength and it’s been really exciting working with such a respected and highly professional organisation. The full release and links to the coverage are below.