Startups cashing in while others cut back

It’s been a lucrative week for Aussie startups with over $207 million being invested?into AI, aged care, and e-commerce.

Eloise and David break down the biggest deals, including?Shopfront’s $800,000 raise to make online selling easier.

But it hasn’t been smooth sailing for all.

My?investigation into subletting startup Kiki?revealed a high burn rate and just $76, 000 in revenue since pivoting back from its rebrand to a ‘girls only’ New York City social club.

Its rental model may also run into problems due to the city’s strict short-term subletting laws.

And down in Adelaide, gaming studio Mighty Kingdom is cutting staff again as it battles dwindling cash reserves.

In policy news, small business rules could be set for a shake-up, with industry groups pushing to change the definition of ‘small business’?and Labor pushing to?remove tax deductibility from the interest charged on overdue tax debt.

In some good news, ?The Contrarians?are coming to?SmartCompany’s?Growth Summit!

Adam Schwab and Adir Shiffman will record a live episode of their hit podcast.

Expect deep insights, strong opinions, and no sugarcoating.Enjoy the weekend, and thanks for reading!