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 ...
"Yes, we would like to invest". The magic words that any startup owner loves to hear. Your idea is no longer just a seed in the back of your mind; it is about to be watered allowing it to blossom into the reality you always knew it could be.After the celebratory high fives and handshakes followed by the compulsory boozy lunch with your new best ‘investor’ friend, a term sheet or funding agreement arrives to formalise your relationship.
The agreement is ...
As you sat watching the fireworks explode in the night air, bringing yet another year to an end, you may have quietly committed to a resolution that this was finally going to be the year that you take the plunge and start your own business. Naturally, you’re a bit of a geek, so it will most likely be in the tech sphere.The idea has been brewing in the back of your mind for years and, for some unknown reason, the ...
Entrepreneurship cannot thrive if it is not given the right environment to do so. That’s according Anthony Farr, CEO of the Allan Gray Orbis Foundation -- a non-profit organisation that looks to assist young entrepreneurs through learning programmes and educational scholarships."Entrepreneurship is a skill that can be learned, and is not entirely dependent on natural ability or talent,” he says, “However of equal importance to the skill of the entrepreneur is ensuring an environment that encourages and rewards high-impact ...
Billionaire internet investor Sean Parker took the stage in Paris at LeWeb with a simple message for his audience: There are "too many venture capitalists in the world and not enough entrepreneurs". Parker has a CV that would blow the mind of most people. He was co-founder of that great music industry disrupter Napster, and more recently an investor in Facebook and Spotify, among many other things.But don't call Parker an "investor", he finds the term a bit insulting. He ...