The technology industry and startup space have seen significant layoffs, as businesses strive to become cash flow positive or reduce their cash burn. Around 50% of Australian venture-backed technology startups fail within five years, and asset values for e-commerce and tech startups have dropped substantially.
Today, we see investors have become increasingly cautious, now requiring startups to focus on managing cash burn and generating positive cash flow rather than solely chasing revenue growth.
Despite Australia’s position as a leader in technology security and data management, the country has one of the world’s smallest venture capital markets for tech startups. Recent high-profile data breaches have underscored the need for stronger cybersecurity, making corporate governance a critical issue.
The collapse and scrutiny of tech companies and data leaks have further heightened risk concerns and emphasised the importance of sound corporate governance.
With decades of combined restructuring and advisory experience, our team offers sound advice in all business scenarios.
We operate in small, senior teams to deliver a personalised advisory approach that is unique to each individual client.
We assign a team of specialists to each advisory project, empowering our clients with the right advisory experience and knowledge.
Our people deliver sound and effective outcomes. We aim to provide clients with the most practical and executable recommendations.
We blend in seamlessly with our client’s internal management, supporting their business with our personal market knowledge.
Our dedicated team of advisors are here to provide expert guidance and personalised solutions for your business.
Olvera principals were appointed as Voluntary Administrators of the Keystone group. We played a key role in facilitating the ongoing trading operations and venue sales.
Read our latest articles and insights on the world of business insolvency in Australia.
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We acknowledge the Traditional Custodians of the land on which our office stands and pay our respects to Elders past, present, and emerging.
We also extend our acknowledgment to the Stolen Generations and reaffirm our commitment to supporting them on their journey toward healing.
