Ignition Lane Weekly Wrap: M&A mania, Tesla trademarks, African fintech, another SoftBank implosion & NFTs explained
Xero Australia MD Trent Innes is stepping down after 8 years. Source: supplied
Welcome to Ignition Lane’s Weekly Wrap, where they cut through the noise to bring you their favourite insights from the technology and startup world.
Ignition Lane works with ambitious business leaders to apply the Startup Mindset to their technology, product and commercialisation problems.
Don’t forget you can catch Gavin Appel discussing the week on the Startup Daily show on Ausbiz every Monday at 2pm. If you miss it, you can catch up on the week’s shows here.
Manias, Panics and Crashes:
“Swindles are a response to the appetite for wealth (or plain greed) stimulated by the boom.” Since then, the number of frauds, or swindles, that has been revealed has soared, a clear testament to both the breadth and degree of greed inspired by the current boom.
Most recently, we saw the collapse of Greensill Capital as the result of fraud. Like WireCard, Greensill was a relatively young finance company looking to disrupt its more mature competitors which took a few (illegal) short cuts in the process. Like Greensill, Katerra was backed by SoftBank’s Vision Fund, which encouraged collaboration between its portfolio companies. Greensill acted as a lender that could facilitate growth elsewhere in the SoftBank stable. https://t.co/y5Y82sJuBg