ENTTeCH: How to get from kitchen table to Silicon Valley board rooms
Two Australian entertainment tech companies are in high demand around the world.
In December 2015, legitimate Billion-Dollar Unicorn and collaboration software maker Atlassian had a successful IPO that valued it at US$5.8 billion.
Its IT Team Collaboration tools are used by the majority of Fortune 500 IT departments around the globe.
In one-quarter last year, it beat analyst estimates with revenue jumping up 42% to $193.8 million.
Melbourne’s Blackmagic design’s film SFX software is in huge demand in post-production suites around the world, especially after its DaVinci Resolve 15.2 added 30 features including even faster editing, visual keyboard customization, new beauty correction tools and audio mastering plugins.
So how do you go from a kitchen table in Australia to the board rooms of Silicon Valley?
Mark McCormack from ENTTeCH says, “We’re here to help you do just that with the help of a well-trodden path of Aussies entrepreneurs lending support that have ended up with offices in London to Madrid who now have an enviable client base and lifestyle.”
Melbourne-based ENTTeCH – “a collective dedicated to getting entertainment technologies onto the world stage” – is an NFP industry collaboration of senior execs and money men/women from film, music, gaming, tech, the arts, adland, and government.
According to McCormack, “It’s a melting pot of success stories, traditional industry execs, education, consultants, industry leaders and trailblazers.
“Call it the remix we had to have!”
ENTTeCH holds regular events where creative ideas are pitched and connected to industry and venture capital figures.
The next one is on Tuesday, February 26 at ACMI X, in Melbourne’s Southbank.
Speakers include Adam Zammit (former CEO of Big Day Out and The Music Network) and creator of various productions), inspiring female entrepreneurs and investors from Melbourne Angels.
Three rising ENTTeCH companies get a chance to pitch to a panel which includes Paul Baron (Melbourne Angels), Andrew Fullerton (entertainment lawyer), a rep from global media buyers, MediaCom and Rupert Deans (Plattr VR CEO).
Melanie Perkins of Canva.com pitched to 20 investors.
According to McCormack, it got a round of funding, “Another Aussie creative unicorn valued at over $1 billion in only about six years.”