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James Spurway
Experienced Co-founder, Advisor, and Mentor with expertise in impact-focused startups
James Spurway is a prominent startup mentor, angel investor, and judge associated with Silicon Beach Australia, which is recognized as Australia's largest network of startup communities. He has been actively involved in mentoring and judging startup pitches since January 2022, contributing to the growth and support of entrepreneurs within the community.12
Background and Experience
Spurway has a diverse professional background, having held various roles across different sectors. He is currently a startup mentor with 500 Startups, a global venture capital firm, and serves as an advisor and mentor to several organizations, including Creatella Impact and MassChallenge.1 His experience spans over two decades, during which he has founded and led companies in investment, consulting, and technology sectors.
He grew up on a farm in Australia, which instilled in him a strong work ethic and a balanced approach to life and business. This background has influenced his commitment to mentoring and supporting emerging entrepreneurs.1
Roles and Contributions
In addition to his role at Silicon Beach Australia, Spurway has been involved in various initiatives aimed at fostering startup ecosystems globally. His work includes:
- Mentoring: Providing guidance to early-stage startups and social enterprises, particularly in emerging markets.
- Judging: Participating in pitch competitions and startup events, evaluating and supporting new business ideas.
- Investment: Leading angel syndicates and investing in startups, focusing on those that demonstrate potential for significant impact and growth.123
Spurway's commitment to the startup community is evident in his extensive mentoring activities and his strategic advisory roles across multiple organizations.
Highlights
I've said it before and I'll say it again, as entrepreneurs we don't have a say in where we're born and spend our early years. And ideas, resilience, and the ability to get s--t done are independent of zip codes. Thank heavens!
However, and there always is a "but", there is still an irrefutable (data based) advantage to being in Silicon Valley, or the other major startup cities in the US, when it comes to increasing your chance of getting funded. And by increase, I mean by an order of magnitude (10X+)!
The chart shows the top 10 metro areas in the U.S. ranked by the amount of cash raised across four segments of startup life: pre-seed, seed, Series A, and Series B+. Pre-seed fundraising (on convertible notes and SAFEs) is much more geographically spread out than priced equity. The top 10 metros accounted for 78% of all VC cash at pre-seed, but more than 90% at seed, Series A, and Series B+. Even with the geographic dispersion at pre-seed, the Bay Area and New York took in half of all cash at that stage. The Bay Area claimed a significantly higher portion of funding at later stages, with 48.4% at Series B and beyond compared to 28.4% at pre-seed. Miami’s ranking improves the earlier we look, reflecting its emerging ecosystem. On the other hand, San Diego rises further along the funding journey, driven largely by later-stage biotech. Also, all the metros in these rankings are part of America’s top 20 metros by both population and GDP, with one exception: Austin. That’s pretty remarkable for “Silicon Hills”!
A big shoutout to @hamzashad from #carta for this research. #startups #founders #fundraising #venturecapital #ventureinvesting #usventure #thefundraisingangel
Technology fails
This one gave me a certain amount of schadenfreude...all the honking you'd expect on a normal day in traffic in New York without the flurry of extended middle fingers...LOL - https://lnkd.in/gfSpFeWw #ai #technology #mobility #waymo #thefundraisingangel
MONEYWATCH Waymo's driverless cars honk at each other, waking neighbors
By Megan Cerullo Edited By Anne Marie Lee Updated on: August 14, 2024 / 3:21 PM EDT / CBS News
Waymo driverless cars are coming alive at night, honking at each other and waking residents around the San Francisco parking lot where they sit when not making trips.
The driverless taxi company has rented a lot outside of an apartment building for the cars to idle in, but the vehicles appear to be honking at each other, as they are trained to do on the road when other cars get close to them.
Randol White, who witnessed the honking activity, told CBS News that he heard "a pair of honks" on Wednesday around 4:30 a.m. Pacific time. He added that according to his neighbors, "peak honk" took place around 4:00 a.m.
Waymo attributed the disruptive honking to a feature designed to avoid collisions.
"We recently introduced a useful feature to help avoid low-speed collisions by honking if other cars get too close while reversing toward us," the company said in a statement to CBS News. "It has been working great in the city, but we didn't quite anticipate it would happen so often in our own parking lots."
Waymo added that it has updated the software that causes the cars to honk "so our electric vehicles should keep the noise down for our neighbors moving forward."
Video posted by White of more than two dozen cars all in the same lot, with some honking at each other, has circulated on social media. In his caption, White commented that he would have found the scene funny if it weren't taking place at 4 a.m.
Software engineer Sophia Tung has set up a livestream of the lot on YouTube, telling The Verge that she likes watching the cars "come and go" but wishes they would stop honking at each other.
Waymo's taxi service is currently available to anyone who download's the company's app in Phoenix, San Francisco and Los Angeles.
