Entrepreneur and investor
Tech start-up investor Steve Baxter is a proud Queenslander, born in the remote town of Cloncurry and raised in Emerald in the State’s central highlands. He left school at 15 and joined the Army, enlisting in its apprenticeship program. There, he became a technician working in the field of electronics, telecoms and guided weapon systems.
In 1994, at the age of 23, Steve put his life savings of $11,000 on the line to launch his first start-up, the pioneering internet service provider SE Net, from the spare room of his Adelaide home. Servicing more than 35,000 customers, SE Net was eventually acquired by Ozemail/UUNet under the stewardship of its founding Director and now Prime Minister, Malcolm Turnbull.
In 2001, Steve teamed with a schoolmate to launch his second start-up, PIPE Networks, a provider of wholesale telecoms infrastructure that was listed on the ASX in 2005. Eight years later they sold it to the TPG Group for $373 million.
Steve spent a year working with Google in California in 2008, leading a project to deliver high-speed telecommunications systems across North America.
Since 2010 he has become an early stage investor in startups through his investment company, Transition Level Investments. This lead to the founding of Brisbane tech startup hub River City Labs and the creation of Startup Catalyst, the River City Labs Accelerator and RiverPitch programs. River City Labs was acquired by the Australian Computer Society in 2018 and continues strong across the east coast of Australia.
He has been on the listed boards of Vocus Telecoms, Indoor Skydive Australia Group and OtherLevels as well as being on the board of Commercialisation Australia and private firms such as Go1.
He has been heavily involved in the early days or founding of numerous industry groups and forums such as the South Australian Internet Association, South Australian Internet Exchange, Australian Domain Name Authority, AuDA, INTIAA, IIA, AusBone, AusNOG as well startup focussed efforts such as StartUp Aus.
He has been a Shark on Channel 10’s Shark Tank Australia for its four season from 2015 to 2019.
In 2006 Steve received the Ernst & Young Entrepreneur of the Year for the Northern Region. In 2016, Steve received the Pearcey Medal for Lifetime Achievement in recognition of distinguished lifetime achievement and contribution to the development and growth of the Information and Communications Technology Industry.
Steve was appointed ‘Queensland’s Chief Entrepreneur’ in 2018, a volunteer role which gave him unique insight in to the Queensland business landscape. He spent the year traveling right around Queensland meeting business owners, innovators and the next generation of school-aged entrepreneurs.
Steve is now the Co-founder and Executive Chairman of TEN13, Australia’s leading tech startup investment platform, and Founder and Lead Investor with Beaten Zone Venture Partners which is dedicated to early stage investments in Australian sovereign legal defence technology.
Steve is married and the proud father of three daughters. He is a keen private pilot and recreational fisherman.
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Established in 2012 by Steve Baxter, Transition Level Investments provides equity investment in Australian startups across Seed and Series A rounds.
Startup Catalyst is a structured program for innovators and founders to gain deep insights through missions to startup hot spots around the world.