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Fishburners enters administration in major blow to startup sector

Fishburners, the Sydney co-working space that grew into one of Australia’s most influential startup communities, has entered voluntary administration. The administration spells an uncertain future for the not-for-profit, which evolved from a single hub in Ultimo to a community spanning over 35,000 entrepreneurs. Documents listed by the Australian Securities and Investments Commission show Fishburners Limited…

Fishburners: Sydney start-up hub enters voluntary administration

The organisation behind of Australia‘s largest and longest-standing early stage start-up communities has collapsed into voluntary administration. KPMG Australia’s Gayle Dickerson and Phil Quinlan will oversee a strategic restructing of not-for-profit Fishburners, which has fostered more than 35,000 entrepreneurs since 2011, including furniture company Koala and pet-sitting service Mad Paws. The Sydney-based hub supports tech…