Home' Forge : Vol 1 No 2 Contents From the publisher // 1
Welcome to the second issue of Forge, and
thanks to all the readers who provided
such positive comments on our launch
issue. Like you, Forge believes that
Australia deserves a great magazine that
showcases outstanding entrepreneurs,
innovators and wealth creators.
This issue takes Forge’s commitment
to entrepreneurship to a new level. It
sheds light on a defining global trend for
business: the rise of ‘disruptive’ technology
ventures that are shaking established
industries to their core through the
digitisation of business models.
The mainstream media has mostly
considered disruption from the
perspective of information technology
companies. I see disruption as an
opportunity and a threat across
Australian industry, as technology
becomes a bigger part of everyday
business, and as start-up companies
use it to find new ways to connect with
customers and provide greater product
functionality at lower cost.
The effect of disruptive technologies is
evident in several Forge stories this month.
Our cover story, by management expert
David James, considers the booming
‘sharing economy’, where hyper-growth
companies such as Uber and Airbnb are
reshaping their industries.
James considers other industries that will
be affected by the shared economy, and
what’s driving the trend, and provides
several case studies of Australian
technology entrepreneurs who are leading
the local charge towards the sharing
economy. It’s a must-read feature.
Elsewhere, Leon Gettler considers the rise
of the ‘fintech companies’ that combine
financial services and technology. Few
sectors have more potential for disruption
than financial services, as large, incumbent
organisations struggle with legacy assets
and big cost bases.
Ali Cain considers technology-driven
ventures from a different angle: social
entrepreneurship. Her feature provides
great insight on how technology is being
used to create social ventures and do good
for the community. Cain’s profile of social
entrepreneur Qinnie Wang, founder of Oz
Fair Trade, is an inspiring read for other
aspiring young social entrepreneurs.
The effects of technology disruption
are also being felt across the share
market. Tony Featherstone’s feature on
the boom in tech listings on the ASX
highlights rising investor demand
for ‘disrupter stocks’, and the fast-
growing supply of new tech ventures
coming to market.
It is an important trend; as Featherstone
notes, the potential is in tech companies
raising capital and listing on the share
market much earlier than in years past, and
in the ASX developing a long tail of early-
stage tech companies, similar to resources,
where there are many speculative listed
junior mining companies.
In a separate profile, Featherstone
interviews Patrick Grove, one of
Australia’s most successful young
entrepreneurs and a leading force in
technology disruption in South-East
Asia. Grove’s tips on succeeding in
Asia should be mandatory reading
for any entrepreneur who aspires
to capitalise on the mother of all
megatrends: the coming boom in
middle-class Asian consumers.
As ‘disruption’ quickly becomes
a business buzzword, it’s worth
remembering that true disrupters do
things at least 10 times better, cheaper
or faster than their competitors. Most
ventures will struggle to achieve those
metrics, but those that do will enjoy
hyper-growth and will potentially
become the next great Australian tech
story on global markets.
I hope you enjoy this edition of Forge
and its mix of business, investment
and lifestyle stories. Like all good
disrupters, Forge is a work in progress;
as we learn more about our readers’
needs and story preferences, expect us
to pivot, try new things and adapt to
our growing market.
Nevertheless, we are pleased with
Forge’s strong early reception among
advertisers, newsagents and readers.
Our decision to go against media
trends, where cutbacks in printed
publication are the norm, is so far
paying off. As Forge is embraced by
more readers and advertisers, and
the entrepreneurship community,
we intend to take our insights on
Australian creativity, innovation and
wealth creation to new levels.
As always, I welcome your feedback and
suggestions for future content. Email me
– David Haratsis, publisher, Forge.
Australian entrepreneurs are leading the
local charge towards the shared economy
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