Buddy CEO and co-founder Dave McLauchlan explained that the deal...

Buddy CEO and co-founder Dave McLauchlan explained that the deal allows his 3-year-old startup to raise more money at a better valuation and less dilution than following the traditional venture capital path.

“In fact, we turned down VC offers in order to go this route, and while extremely early, we’ve been very pleased with the process,” McLauchlan said.
McLauchlan pointed to 1-Page, a San Francisco recruiting technology company that became the first Silicon Valley startup to list on the ASX back in November. 1-Page has grown their share price from $0.20 on the listing to around $2.50 today.
“Their market cap exceeds $330 million, and they’ve used their share price growth to be acquisitive as well as raise additional capital very affordably,” McLauchlan noted.

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