Thursday, April 9, 2020

‘Shark Tank’ Judge Andrew Banks Joins Tank Stream Labs As ‘Entrepreneur In Residence’

  • Business leader Andrew Banks has joined Tank Stream Labs as ‘entrepreneur in residence’
  • Andrew is currently a judge on Channel 10’s Shark Tank. He was co-founder of Morgan and Banks & founder of Talent 2 International.
  • Leading tech hub ‘Tank Stream Labs’ voted #1 co-working space in Australia. Now has more than 400 companies in its network and has raised more than $300M.

Leading tech and co-working hub, Tank Stream Labs has today announced that leading Australian entrepreneur Andrew Banks will join the hub as its ‘entrepreneur in residence’.

The entrepreneur who is one of the ‘sharks’ on Network Ten’s Shark Tank is regarded as one of Australia’s most successful business leaders having established two of the largest recruitment firms in the world, Morgan and Banks and Talent 2 International.

“I am very excited about joining Tank Stream Labs to continue mentoring Australian entrepreneurs, road testing their ideas and ensuring they have done the necessary homework for success as a start up venture,” Andrew Banks said.

“Tank Stream appeals to me as place to base myself for the next 12 months now I’m back in Australia. Apart from having great facilities and a central location, as a champion of start ups and growing businesses I love the idea I’ll be surrounded by enterprising young people all ‘having a go’ at their own business,” Andrew Banks said.

Banks who splits his time between the United States and Australia said having intimate knowledge of the US start up market enables him to bring that knowledge and educate Australian start up ventures looking to compete globally.

“Australia is an innovative nation but it can also learn a lot from the confidence of the American entrepreneur. Having worked across the United States and Australia my focus will be to support members at Tank Stream Labs commercialise while ensuring they continue to address issues that hinder their success.

“Australia has been very good to me so its great to be in the position to support and help drive the new wave of Australian entrepreneurs with ambitious growth plans here and overseas,” Andrew Banks said.

Tank Stream Labs CEO, Brad Delamare, said having Andrew on board provides our members access to an entrepreneurial leader who has been at the forefront of innovative business models for decades having created two of the world’s largest brands in recruitment.

“Living between the United States and Australia, Andrew is uniquely placed to provide the guidance our start up ventures need to compete and build the relationships needed to scale up globally.

“Andrew will have office space in our Sydney hub and be available to mentor our start ups and provide guidance as our members look to commercialise and grow their business.

Delamare said the announcement of Andrew Banks follows a busy start to 2018 for Tank Stream Labs with the expansion into a second Sydney hub and the recent opening of a West Coast hub in Perth.

“We now have more than 400 members in our network to connect and collaborate with. Our focus will be to continue finding new ways to support the growth potential and collaboration of our members,” Brad Delamare said.

About Andrew Banks
Andrew was born and raised in the UK, beginning his career as an actor in England before emigrating to Sydney to tread the boards with the Old Tote Theatre Company (adopted by NIDA).

To support his then $60 a week wage, the struggling thespian decided to open a restaurant in Woolloomooloo with a mate, borrowing $5,000 via two credit cards for his share of the business. Eighteen months later Andrew exited the restaurant trade, selling the business for a tidy sum and headed to Europe with his wife, Andrea. He maintains those 19-hour days were the hardest he has ever worked.

After working in human resources throughout Europe and the UK in the construction and oil sectors, the pair returned to Australia where Andrew co-founded Morgan & Banks with Geoff Morgan in 1985. The company became the dominant recruitment force in Australia and Asia. It went public in 1995, growing its revenue to more than $800 million a year, before merging with TMP/ in 1999.

After the merger, Andrew spent three years with TMP in New York as Global Director, during which time he was responsible for more than 50 acquisitions and 4,500 staff operating in 32 countries. In 2004 Andrew launched Talent2 International, which focuses on HR outsourcing and executive search and selection and has grown to more than 1,600 professionals in 20 countries. Andrew sold his equity in 2014.

Dividing his time between the US and Asia-Pacific, Andrew now focuses on advising clients on senior executive talent and board appointments; working in film and television production through Lila 9th; and being a shareholder/advisor in more than 10 other diverse businesses.

About Tank Stream Labs
Established in 2012, Tank Stream Labs has rapidly distinguished itself as one of Australia’s top breeding grounds for successful technology entrepreneurs, thought leaders and early adopters. Approximately 100 companies call Tank Stream Labs home, including Equitise, StockSpot and Buzzfeed. Tank Stream Labs alumni include Airtasker, Expert360, LawPath, Braintree and SurveyMonkey.

Australian-based Tank Stream Labs companies have so far raised more than $300 million in funding. International companies with Australian subsidiaries based at Tank Stream Labs have raised more than $2 billion globally. In 2017, Tank Steam Labs won, the Best Co-Working Space in Australia by Fin-Tech Australia.

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