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Like most people who grew up in America, I really had no idea what to expect when I first travelled to South Africa (besides gazelles and lions).My first trip was to Johannesburg two years ago to open a new office, and I have been back several times since, most recently Cape Town. Of all the places I travel for our company, South Africa is one of my favorites.After I overcame the shock of there not being any gazelles ...
The theme of the 2012 Skoll World Forum is "Flux: seizing momentum, driving change", which I think is a fantastic one. We’ve never had such upheaval in the way businesses work, in how citizens interact with government, or in how information flows in the world. It’s about change, and survival in a time of flux is best done through agility and creativity."As an operating paradigm, it expresses the fluid nature of relationships, policies, institutions and human beings which are ever-changing ...
I recently took part in a panel discussion focused on “investing in tech in Africa”. It was a good session, as it was very much a discussion between the audience and ourselves.There were a number of points that came up illustrating both the current difficulties and future opportunities when it comes to investing in the African tech space.Using what's thereThere are a number of tech hubs and labs coming up across the continent, and each have a different ...
South Africa's tech scene is on the rise and tech entrepreneurs from the country are finding their way to Silicon Valley with products worthy of the world's attention. Some of these entrepreneurs are now mentors and have a wealth of knowledge that they're willing to share with their fellow countrymen.Two of the most common themes among startup mentors, coaches and founders whose companies got acquired, are to learn continually and to increase the quality of your network. You can ...
Y Combinator, a leading seed investment incubator, recently announced that it would be accepting startup applications for this years fund from startup founders WITHOUT an idea.Here's how the incubator describes itself on its website:Y Combinator does seed funding for startups. Seed funding is the earliest stage of venture funding. It pays your expenses while you're getting started.Some companies may need no more than seed funding. Others will go through several rounds. There is no right answer. How ...
If you’re an entrepreneur looking to network, polish your elevator pitch, hone your product or simply learn from big names in the tech industry, diarise LaunchCapeTown, the five day event that starts on 23 March in Cape Town, South Africa and brings together startups, entrepreneurs, and digital tastemakers.The event includes the Cape Town Entrepreneurial Competition (CTEC), as well as startup-related speakers, get-togethers, mentoring sessions and keynotes from big name speakers such as Nimeshh Patel, COO of AOL Europe. Attendees ...
A well-known New York-based fund that focuses on emerging market media has launched an early-stage fund for entrepreneurs developing digital news and information businesses.The fund, called Digital News Ventures, has been launched by the Media Development Loan Fund (MDLF). The MDLF, which operates out of Prague, has invested more than $113-million in 79 independent news companies in 27 countries, mainly emerging markets, since 1995. It backs up all of its debt and equity investments with strategic advice and business ...
Over the past six months I have spoken with a wide variety of people who have shown, in varying degrees, interest in investing in my company. Many of these VCs have specific ways that they conduct a call, interview or meeting. Many of them have lead me down long and wasteful due diligence processes, many have been kind, some have been blunt and harsh but all have been pedantic and specific about the types of questions they ask.I have found ...
Throughout the world, and particularly in emerging market countries, the entrepreneurial landscape remains notoriously difficult to navigate, with an estimated 80% of small businesses failing to sustain themselves for a period of longer than five years.However, with an increasing percentage of jobs now being directly attributable to small business ventures, financial backers in both private and public sectors are slowly starting to acknowledge the substantial impact of entrepreneurial activity on a nation’s economy.Yet, in spite the rising global trend ...