1 00:00:05,640 --> 00:00:08,520 Speaker 1: Welcome to the Fear and Greed Business Interview. I'm Sean Almam. 2 00:00:08,560 --> 00:00:13,200 Speaker 1: Every year, professional networking platform LinkedIn assesses the startup scene 3 00:00:13,320 --> 00:00:17,200 Speaker 1: in Australia to produce its Top Startups list. It's a 4 00:00:17,280 --> 00:00:20,279 Speaker 1: guide to which startups are attracting the most attention and 5 00:00:20,360 --> 00:00:23,200 Speaker 1: luring talent to work with them. Some of the companies 6 00:00:23,239 --> 00:00:25,200 Speaker 1: you might have heard of. Some may be flying under 7 00:00:25,239 --> 00:00:28,120 Speaker 1: the radar, but when they're in industries from lab grain 8 00:00:28,240 --> 00:00:31,440 Speaker 1: meat to hypersonic rockets, you can be sure there's some 9 00:00:31,520 --> 00:00:37,000 Speaker 1: good stories. Kayla Dengate is LinkedIn Australia's career expert. Kayla, 10 00:00:37,080 --> 00:00:38,240 Speaker 1: welcome back to Fearing Greed. 11 00:00:38,479 --> 00:00:39,640 Speaker 2: It's wonderful to be here. 12 00:00:40,280 --> 00:00:42,080 Speaker 1: Okay, first up, how do you do it? How do 13 00:00:42,120 --> 00:00:42,960 Speaker 1: you put this together? 14 00:00:43,720 --> 00:00:46,879 Speaker 2: Such a good question. So instead of choosing our favorites, 15 00:00:46,920 --> 00:00:50,519 Speaker 2: which would be fun, we rely entirely on data. So 16 00:00:50,560 --> 00:00:53,479 Speaker 2: we look at all of the millions of connections of 17 00:00:53,560 --> 00:00:57,400 Speaker 2: people's activity on LinkedIn to pull together an idea of 18 00:00:57,440 --> 00:01:01,680 Speaker 2: the companies that are attracting attention, that have people clamoring 19 00:01:01,720 --> 00:01:04,600 Speaker 2: to work with them, that are growing their staff base 20 00:01:05,080 --> 00:01:07,360 Speaker 2: and you know, are continuing on on this, you know, 21 00:01:07,440 --> 00:01:10,480 Speaker 2: really great journey and then to make sure that they're startups, 22 00:01:10,760 --> 00:01:13,280 Speaker 2: we cap it so that they've only been around for 23 00:01:13,440 --> 00:01:16,640 Speaker 2: five years and have thirty staff members or more. And 24 00:01:16,680 --> 00:01:19,560 Speaker 2: when you think about that, to achieve what some of 25 00:01:19,600 --> 00:01:24,640 Speaker 2: these organizations have achieved in five years is absolutely mind blowing. 26 00:01:25,120 --> 00:01:27,679 Speaker 1: Yeah, sure is. Let's go through some of the companies 27 00:01:27,720 --> 00:01:29,920 Speaker 1: and the list. Tell me about number one Montu. 28 00:01:30,480 --> 00:01:35,320 Speaker 2: Sure thing. So Montu is a medicinal cannabis company that 29 00:01:35,319 --> 00:01:38,320 Speaker 2: connects people that are looking to access this service with 30 00:01:38,520 --> 00:01:41,520 Speaker 2: doctors who are informed and ready to make it happen. 31 00:01:42,480 --> 00:01:44,480 Speaker 1: Okay, And so what you're saying is that there is 32 00:01:44,520 --> 00:01:48,200 Speaker 1: a lot of activity on LinkedIn people looking for roles 33 00:01:48,200 --> 00:01:52,080 Speaker 1: within the organization. That that's kind of primarily the nub of. 34 00:01:52,040 --> 00:01:54,880 Speaker 2: It most definitely. And what we can see about Monto 35 00:01:55,040 --> 00:01:58,440 Speaker 2: is they have been around since twenty nineteen. They've got 36 00:01:58,520 --> 00:02:02,080 Speaker 2: eight hundred and thirty staff members, so they have grown rapidly. 37 00:02:02,240 --> 00:02:05,360 Speaker 2: This is an organization that is kicking goals. It is 38 00:02:05,520 --> 00:02:08,400 Speaker 2: poaching talent from some of the top companies in Australia 39 00:02:08,880 --> 00:02:11,520 Speaker 2: and it's the type of place that people want to work, 40 00:02:11,720 --> 00:02:14,240 Speaker 2: but also people want to hear more about it because 41 00:02:14,240 --> 00:02:17,960 Speaker 2: it's part of an emerging an emerging sector here in Australia. 42 00:02:18,600 --> 00:02:22,680 Speaker 1: Okay, we talked about lab grown meat. What's going on there? 43 00:02:23,360 --> 00:02:26,160 Speaker 2: So vow is a startup that must be it's my 44 00:02:26,240 --> 00:02:28,880 Speaker 2: favorite on the list, I'll be honest. So Vow is 45 00:02:28,880 --> 00:02:32,840 Speaker 2: an Australian startup. They're all Australian and they create lab 46 00:02:32,960 --> 00:02:37,480 Speaker 2: grown meat from animal cells. And what I love about 47 00:02:37,520 --> 00:02:40,920 Speaker 2: Vow is the two founders share their story on LinkedIn, 48 00:02:41,360 --> 00:02:43,919 Speaker 2: So I feel like I've been following along with the 49 00:02:44,000 --> 00:02:46,520 Speaker 2: highs and lows as they go. You know. Recently they 50 00:02:46,600 --> 00:02:51,079 Speaker 2: got approval in Singapore to serve a parfeit made out 51 00:02:51,080 --> 00:02:53,000 Speaker 2: of an exotic meat. I'm trying to remember whether it 52 00:02:53,040 --> 00:02:56,240 Speaker 2: was quail or duck. Wow. But I want to taste it. 53 00:02:56,280 --> 00:02:58,079 Speaker 2: I want to try it. I want to I can 54 00:02:58,120 --> 00:03:02,079 Speaker 2: see why people are so interested in because I want 55 00:03:02,080 --> 00:03:03,160 Speaker 2: to behind the scenes tour. 56 00:03:03,560 --> 00:03:06,160 Speaker 1: Yeah, I mean, we'll get to some of the others 57 00:03:06,160 --> 00:03:08,840 Speaker 1: in a moment. But that whole idea of using LinkedIn, 58 00:03:09,800 --> 00:03:12,720 Speaker 1: of you know, providing a way that people can actually 59 00:03:12,840 --> 00:03:15,760 Speaker 1: see the growth and the behind the scenes tour and 60 00:03:15,800 --> 00:03:19,000 Speaker 1: stuff like that. Do the best place companies do that 61 00:03:19,160 --> 00:03:19,640 Speaker 1: very well? 62 00:03:20,280 --> 00:03:22,720 Speaker 2: That's such a good question, and I think that when 63 00:03:22,800 --> 00:03:25,680 Speaker 2: you look at today's job seekers, anybody who wants to 64 00:03:25,720 --> 00:03:27,720 Speaker 2: work for a startup, they want to have a bit 65 00:03:27,720 --> 00:03:29,480 Speaker 2: of skin in the game, you know, they want to 66 00:03:29,520 --> 00:03:33,320 Speaker 2: care about the organization, and when a founder is sharing 67 00:03:33,360 --> 00:03:37,280 Speaker 2: that story, it's so much easier to feel like you 68 00:03:37,280 --> 00:03:40,480 Speaker 2: could see yourself there. So I think, especially for in 69 00:03:40,560 --> 00:03:44,480 Speaker 2: terms of attracting talent, by being present on LinkedIn, it's 70 00:03:44,600 --> 00:03:47,800 Speaker 2: just it's drawing people to you. It's telling your story, 71 00:03:48,040 --> 00:03:49,920 Speaker 2: and it can only be good for these companies that 72 00:03:49,960 --> 00:03:51,200 Speaker 2: are growing so quickly. 73 00:03:52,040 --> 00:03:56,000 Speaker 1: Okay, death TeX's the thing, Kayla tell me about it. 74 00:03:55,600 --> 00:03:58,840 Speaker 2: Death Dech. So when we looked at the companies that 75 00:03:59,320 --> 00:04:01,920 Speaker 2: rowse up the this year, there were two that we 76 00:04:01,920 --> 00:04:05,640 Speaker 2: would consider being in the death tech space. And when 77 00:04:05,640 --> 00:04:09,040 Speaker 2: you say, you know what is death tech, it's preparing 78 00:04:09,280 --> 00:04:12,600 Speaker 2: for end of life. So we have safe Will at 79 00:04:12,720 --> 00:04:16,080 Speaker 2: number ten. It's a company that it is an end 80 00:04:16,120 --> 00:04:20,440 Speaker 2: of life planning platform. And then there's also another startup 81 00:04:20,440 --> 00:04:22,520 Speaker 2: that looks at that kind of end of life space 82 00:04:22,520 --> 00:04:25,880 Speaker 2: as well, called Bear. So it's really interesting from a 83 00:04:25,920 --> 00:04:30,440 Speaker 2: societal point of view to ask ourselves, why is why 84 00:04:30,520 --> 00:04:33,560 Speaker 2: is death tech an emerging industry? And I think, you know, 85 00:04:33,680 --> 00:04:36,719 Speaker 2: we have an aging population, and you know, we have 86 00:04:36,800 --> 00:04:39,840 Speaker 2: a generation of people who want to do things their way. 87 00:04:40,240 --> 00:04:43,680 Speaker 2: They're not comfortable to look at end of life planning 88 00:04:43,760 --> 00:04:46,760 Speaker 2: the same way that other generations have. So my prediction 89 00:04:47,000 --> 00:04:49,440 Speaker 2: is that you know, these two organizations are rising the 90 00:04:49,480 --> 00:04:52,679 Speaker 2: ranks and we might see more organizations that fit within 91 00:04:52,760 --> 00:04:54,640 Speaker 2: that death tech startup space. 92 00:04:55,400 --> 00:04:57,880 Speaker 1: Number eleven. I have to mention that all about Rockets 93 00:04:57,960 --> 00:05:00,360 Speaker 1: Hypersonics launch Systems tell me that. 94 00:05:00,240 --> 00:05:04,320 Speaker 2: One Hypersonics Launch Systems is so interesting because they are 95 00:05:04,360 --> 00:05:09,240 Speaker 2: developing hypersonic aircraft and engines that are powered by hydrogen 96 00:05:09,520 --> 00:05:13,120 Speaker 2: and made using three D printing technology. So you know, 97 00:05:13,160 --> 00:05:15,039 Speaker 2: I said that I wanted to behind the scenes tour 98 00:05:15,200 --> 00:05:18,159 Speaker 2: about you know, get me on board as well with 99 00:05:18,240 --> 00:05:22,880 Speaker 2: hypersonics because it just seems like Australian innovation on the 100 00:05:22,960 --> 00:05:27,480 Speaker 2: world stage and it's this great example of how kind 101 00:05:27,520 --> 00:05:31,279 Speaker 2: of mechanical engineering and you know, rockets in space and 102 00:05:31,279 --> 00:05:34,120 Speaker 2: all the rest. Australia has a piece of that pie globally. 103 00:05:34,520 --> 00:05:37,000 Speaker 2: And you know, we know that Ozzies have innovative minds, 104 00:05:37,040 --> 00:05:39,440 Speaker 2: so it's great to see a startup like this really 105 00:05:39,520 --> 00:05:42,200 Speaker 2: kicking goals and showing what can be done here in Australia. 106 00:05:43,000 --> 00:05:45,120 Speaker 1: Stay with me, Kayla, we'll be back in a minute. 107 00:05:52,160 --> 00:05:57,480 Speaker 1: I'm speaking to Kayla Dngate from LinkedIn Australia. It's funny 108 00:05:57,480 --> 00:05:59,000 Speaker 1: if you look at the top ten or top to 109 00:05:59,040 --> 00:06:01,520 Speaker 1: eleven will put the rocket one in as well. They're 110 00:06:01,640 --> 00:06:05,640 Speaker 1: very forward looking at companies. Not every one. I mean 111 00:06:05,680 --> 00:06:09,120 Speaker 1: there's a procurement company for example, but then kind of 112 00:06:09,160 --> 00:06:14,400 Speaker 1: meet substitutes, telehealth, medicinal, cannabis. They are very forward looking 113 00:06:14,920 --> 00:06:17,200 Speaker 1: the best of the highest rank startups. 114 00:06:17,600 --> 00:06:19,720 Speaker 2: That's such a great point. And when you look at 115 00:06:19,760 --> 00:06:22,240 Speaker 2: these companies, they've only been around for five years and 116 00:06:22,279 --> 00:06:25,799 Speaker 2: they've grown so quickly, which shows that they're in spaces 117 00:06:25,839 --> 00:06:30,160 Speaker 2: that need innovation and that it's areas where people are 118 00:06:30,240 --> 00:06:33,560 Speaker 2: hungry for this service or this idea. And I guess 119 00:06:33,560 --> 00:06:36,760 Speaker 2: that's why they're really forward pushing, because you know, if 120 00:06:37,279 --> 00:06:41,280 Speaker 2: you open a bakery, you're unlikely to get the scale 121 00:06:41,320 --> 00:06:43,760 Speaker 2: and the size, but if you open a rocket company, 122 00:06:44,240 --> 00:06:46,400 Speaker 2: then yeah, there's a lot of interest there. 123 00:06:47,440 --> 00:06:49,960 Speaker 1: Okay, So what's the startup saying looking like in Australia 124 00:06:50,000 --> 00:06:51,960 Speaker 1: at the moment. I'm sure it's been for a tough 125 00:06:51,960 --> 00:06:54,360 Speaker 1: period just raising capital would have been much harder. In 126 00:06:54,400 --> 00:06:55,360 Speaker 1: the last year or two. 127 00:06:55,800 --> 00:06:59,200 Speaker 2: Looks absolutely since the COVID nineteen pandemic, it has been 128 00:06:59,240 --> 00:07:02,839 Speaker 2: a really challenging time to launch a startup. But I 129 00:07:02,880 --> 00:07:05,799 Speaker 2: think what that means is that the startups we're seeing 130 00:07:05,839 --> 00:07:09,560 Speaker 2: coming up and securing, you know, those large funding rounds 131 00:07:09,840 --> 00:07:13,600 Speaker 2: are the ones that are lean, their agile and their 132 00:07:13,680 --> 00:07:16,200 Speaker 2: ideas that a lot of people believe in, because you 133 00:07:16,280 --> 00:07:20,080 Speaker 2: need to get that ground grassroots support to really get going. 134 00:07:20,440 --> 00:07:24,240 Speaker 2: We're certainly seeing that there is more investment trickling into 135 00:07:24,280 --> 00:07:27,920 Speaker 2: the startup space, and because it's a tight jobs market 136 00:07:28,000 --> 00:07:30,120 Speaker 2: right now, there's also a lot of people who are 137 00:07:30,120 --> 00:07:33,440 Speaker 2: clamoring to work for a company like this. So it 138 00:07:33,560 --> 00:07:36,640 Speaker 2: feels like it's a great time where startups are. You know, 139 00:07:36,680 --> 00:07:40,800 Speaker 2: they're getting back into that jogging striding motion. They're pushing forwards. 140 00:07:41,080 --> 00:07:44,080 Speaker 2: There's great talent keen to work for them, and hopefully 141 00:07:44,120 --> 00:07:47,520 Speaker 2: it's a sector that's going to move to stronger grounds 142 00:07:47,800 --> 00:07:49,120 Speaker 2: every month, moving forwards. 143 00:07:49,680 --> 00:07:51,840 Speaker 1: It's a good point because we're talking about companies who 144 00:07:51,880 --> 00:07:54,720 Speaker 1: are very successful in the startup world. The labor market 145 00:07:54,760 --> 00:07:58,240 Speaker 1: is tight, what about startups that want to attract employees 146 00:07:58,760 --> 00:07:59,800 Speaker 1: what should they be doing. 147 00:08:00,360 --> 00:08:02,440 Speaker 2: I think that if you're a startup that wants to 148 00:08:02,480 --> 00:08:05,520 Speaker 2: attract the best talent, the first thing I would suggest 149 00:08:05,640 --> 00:08:08,760 Speaker 2: is to share your story. Let people know the amazing 150 00:08:08,800 --> 00:08:12,440 Speaker 2: things you're doing, whether it's lab grown meat or telehealth 151 00:08:12,440 --> 00:08:16,800 Speaker 2: appointments for fertility or you know, rockets shooting into the sky, 152 00:08:17,400 --> 00:08:20,840 Speaker 2: so that you know, professionals know who you are and 153 00:08:21,360 --> 00:08:24,960 Speaker 2: start to sort of think about imagining themselves there. I 154 00:08:24,960 --> 00:08:27,600 Speaker 2: would also say that a lot of these startups really 155 00:08:27,640 --> 00:08:32,319 Speaker 2: look after their staff. So AI is changing so many 156 00:08:32,360 --> 00:08:36,000 Speaker 2: different workplaces for the better, and no more is that 157 00:08:36,280 --> 00:08:39,959 Speaker 2: so than in startups, where you know, small organizations are 158 00:08:40,000 --> 00:08:42,440 Speaker 2: trying to achieve a lot, they're trying to grow quickly, 159 00:08:43,000 --> 00:08:45,000 Speaker 2: and a lot of these startups have told us about 160 00:08:45,000 --> 00:08:47,880 Speaker 2: the ways that they are training their staff, the ways 161 00:08:47,880 --> 00:08:50,480 Speaker 2: that they're kind of value adding and making sure that 162 00:08:50,520 --> 00:08:53,760 Speaker 2: lifelong learning is embedded in who they are and what 163 00:08:53,840 --> 00:08:56,559 Speaker 2: they do. So I think that for any startups looking 164 00:08:56,559 --> 00:09:00,000 Speaker 2: to attract staff, make sure that you're telling your staf, 165 00:09:00,400 --> 00:09:02,880 Speaker 2: letting people know who you are, and sharing what the 166 00:09:02,880 --> 00:09:07,480 Speaker 2: benefit is for them, which could well be great education opportunities. 167 00:09:08,280 --> 00:09:10,560 Speaker 1: And what about the flip side applicants wanting to get 168 00:09:10,559 --> 00:09:12,880 Speaker 1: into one of these startups. Any tricks to that. 169 00:09:13,960 --> 00:09:16,400 Speaker 2: I think that for a startup, you've got to show 170 00:09:16,520 --> 00:09:19,160 Speaker 2: that you're the type of person who can be agile. 171 00:09:19,320 --> 00:09:22,560 Speaker 2: You know, you can be doing marketing one day and 172 00:09:22,840 --> 00:09:26,560 Speaker 2: jumping in and doing a program that's about to launch 173 00:09:26,559 --> 00:09:30,119 Speaker 2: internationally the next. So it's about showing those human skills 174 00:09:30,320 --> 00:09:35,840 Speaker 2: like great communication, being flexible of mind, and an enthusiasm 175 00:09:36,040 --> 00:09:38,360 Speaker 2: to learn and to share and to be part of 176 00:09:38,360 --> 00:09:39,000 Speaker 2: something great. 177 00:09:39,679 --> 00:09:41,400 Speaker 1: Is it too early that you mentioned AI a moment 178 00:09:41,400 --> 00:09:43,600 Speaker 1: ago and you're saying that it's a five year cap 179 00:09:43,960 --> 00:09:46,839 Speaker 1: for startup firms. Is it too early to see the 180 00:09:47,040 --> 00:09:50,320 Speaker 1: trend of AI coming through or are you seeing it already? 181 00:09:50,760 --> 00:09:54,440 Speaker 2: So a lot of these startups are embedding AI in 182 00:09:54,520 --> 00:09:58,880 Speaker 2: what they do as opposed to being an AI specific organization. 183 00:09:59,440 --> 00:10:03,000 Speaker 2: And as part of our criteria to be classified as 184 00:10:03,040 --> 00:10:05,480 Speaker 2: a LinkedIn top startup, you've got to be completely independent. 185 00:10:05,840 --> 00:10:08,720 Speaker 2: You've kind of been bought by another organization. But we 186 00:10:08,800 --> 00:10:11,800 Speaker 2: have seen some amazing success stories in Australia and the 187 00:10:11,840 --> 00:10:14,760 Speaker 2: one that springs to mind is Leonardo, which is an 188 00:10:14,760 --> 00:10:19,480 Speaker 2: Australian AI organization. It's a startup doing great things. Recently 189 00:10:19,559 --> 00:10:23,520 Speaker 2: has a stake bought by Canva, so you know, it 190 00:10:23,640 --> 00:10:26,200 Speaker 2: no longer fits in this particular idea of what a 191 00:10:26,240 --> 00:10:30,080 Speaker 2: startup is. But it's an Australian owned startup that's doing 192 00:10:30,120 --> 00:10:31,800 Speaker 2: amazing things in the AI space. 193 00:10:32,559 --> 00:10:35,040 Speaker 1: So if you're being bought by Canvy, you're probably doing 194 00:10:35,160 --> 00:10:37,040 Speaker 1: all right. Cayla, thank you very much for talking to 195 00:10:37,080 --> 00:10:38,040 Speaker 1: Fear and Greed this morning. 196 00:10:38,400 --> 00:10:39,280 Speaker 2: Wonderful to be here. 197 00:10:39,800 --> 00:10:42,680 Speaker 1: That was Kayla Dengate from LinkedIn Australia. This is a 198 00:10:42,720 --> 00:10:45,040 Speaker 1: Fear and Greed business interview. Join us every morning for 199 00:10:45,080 --> 00:10:47,720 Speaker 1: the full episode of Fear and Greed Daily business years 200 00:10:47,720 --> 00:10:50,400 Speaker 1: for people who make their own decisions. I'm Seane Elmer. 201 00:10:50,679 --> 00:10:54,880 Speaker 1: Enjoy your day.