From Café failure to multi-million-dollar success

Delve into the story of Davie Fogarty, the 28-year-old serial entrepreneur and AFR Young Rich Lister.

Author

Maziar Foroudian
November 04, 2023

Latest Stories

In this week’s edition of Founder Friday, we delve into the story of Davie Fogarty, the 28-year-old serial entrepreneur and AFR Young Rich Lister.

Fabian Calle discusses strategies for business leaders to effectively manage their company’s expenditures.

New research reveals that high upfront costs, a lack of public chargers and range anxiety are keeping more Australians and New Zealanders from investing in EVs for transport.

Mike, founder and CEO of Plerion, explores solutions for overcoming cybersecurity challenges in the age of remote work.

Top Stories

Amidst a fierce mortgage market competition, Aussie banks have not fully passed on the RBA's rate changes, leading to skepticism about the efficacy of future rate hikes and inflation containment efforts.

Australia

Techboard has extended the closing date for the Australian Angel Awards, which celebrate the impact angel investors have on the startup ecosystem and economy in Australia. The awards have introduced new categories to recognize the philanthropic role of angel investment and champion investment diversity. The winners will be announced at an event during the West Tech Fest in December 2023.

Australian economy

The Reserve Bank of Australia is facing pressure to raise interest rates amid rising inflation figures, potentially resulting in higher mortgage repayments for homeowners. Economists predict at least two more rate hikes may be necessary to curb inflation.

As consumer spending remains uncertain, eBay is gearing up for a surge in demand for high-end sneakers, highlighting that shoppers are still willing to splurge on their passions.

World

Despite rising input costs and output charges, India's service sector continues to experience impressive growth, fueled by new contracts and strong demand, especially from export markets in Asia, Europe, and the US. However, inflationary pressures and dampened business confidence pose challenges.

Rishi Sunak, the prime minister of Britain, interviewed Elon Musk about the potential dangers and opportunities of artificial intelligence. Musk warned that although A.I. has great potential, the chance of things going very badly is not zero. Sunak expressed his belief that A.I. would improve productivity and create jobs, but many labor unions disagree.

Tech

Google Assistant is slowly losing features, with notes and lists now being transferred to Google Keep. While Keep is a good app, it raises concerns about Google potentially abandoning it in the future.

Google has released its November 2023 core update, the fourth of the year, which aims to improve the search ranking algorithm. Keep an eye on your analytics and rankings over the next couple of weeks to see if it impacts your site.

Founder of FTX found guilty in fraud case, Apple's revenue decline continues, new details emerge in Amazon lawsuit, and Uber and Lyft face hefty payouts in wage theft investigation.

Curated for you

Hiring a VP of Sales who lacks understanding of your product, avoids visiting customers in person, or has become cynical about startups can hinder your company's growth. Avoid these pitfalls to ensure a successful hire.

Google is rolling out new features to help advertisers maintain brand safety on YouTube, including improved filtering options and AI technology to detect and remove harmful content. Check out the five new ways to protect your brand.

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