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The methodology behind this list of startups had two simple directives. First, the startup had to have African roots and secondly it had to be brilliant.More specifically, we were looking for that type of brilliance that exudes intelligence, talent, quality or simply, something fresh. Of course brilliance, like most things in life, is subjective, so we went into this journey with an open mind. Tabula rasa if you will and we hoped to recognise brilliance when we saw it. We ...
Fabrice Grinda is a well-known emerging markets super angel investor and entrepreneur. He’s crazy about the internet in the BRIC countries, especially Brazil and Russia. He is also the co-founder and current co-CEO of popular free online classifieds service OLX, a direct competitor of Craigslist.Memeburn caught up with the French entrepreneur to gain some insights into where the money is going in emerging markets. According to Grinda, Brazil and Russia are exciting markets for potential online and mobile investments. ...
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 ...
You hear this quite a bit in the start-up world: The thing about technology companies, or any company for that matter, is you have to “fail to succeed”. Many venture capitalists won’t invest in an entrepreneur who hasn’t failed at least once. Some start-ups rise from the ashes to develop into successful businesses.This is not always the case. Some fail, others thrive, some just evolve. Jon Jacobson, founder of high-profile Cape Town start-up Global Vision, rose to the ...
I like to define a startup in a way that goes something like this: A startup in my world is a young company in a new, fast growing and evolving industry that could swing, change or be disrupted very quickly.The reason that it's relevant for me to lay out how I define a startup is because this definition is extremely important when considering hiring a team. It is often not as simple as hiring the best person for the job. ...
"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 ...
From the world’s cheapest car to the world’s cheapest tablet, India has emerged as a hub of "Jugaad", a Hindi term which closely translates as "frugal innovation". Owing to its booming economy, growing middle class and a talent pool of highly skilled engineers, India has a thriving tech startup ecosystem. While there are thousands of startups across the country, we bring you a compilation of tech startups that have risen above the rest to be the talking points in the ...
Ever wondered what makes one startup succeed while another fails? Well a team of brains from Harvard Business School has put together a fascinating working paper called Performance Persistence in Entrepreneurship which answers questions related to just this.We scoured the 35 page document and found the following pearls of wisdom.Question: Are serial entrepreneurs more likely to succeed than first time entrepreneurs?
Answer: Yes.All things being equal, the paper states that a VC backed entrepreneur who succeeds in a venture (by ...