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At first glance you might not think there is much in common between the film industry and tech startups. I'm here to tell you differently. Both industries have their own set of challenges, whether you're starting out, or refining your craft/company down the line. I'm not here to tell you that one is tougher than the other, but rather that startups can learn from the parallels between them.Each member must know their 'craft'In the film industry you have ...
Is there a shortage of VC and angel funding in Africa? Pose the question to entrepreneurs and the answer is bound to be yes. Omidyar's latest report on African entrepreneurship found that 71% of respondents surveyed in South Africa, Ghana, Kenya, Ethiopia, Nigeria and Tanzania believe that there is a shortage of equity capital to start new firms. African financiers disagree, simply saying that many projects are not fundable.Whatever the case may be, the International Finance Corporation estimates that ...
Pitches are nerve-rracking. The perfect pitch would probably have the ability to “plant ideas” like Leonardo diCaprio does in Inception. Sadly we don’t live in a Christopher Nolan directed reality. We do however live in a world where we can learn from other people’s success.Having a good concept is one thing. Having to present that concept another. Especially if you’re seeking funding. The elevator pitch is all about getting your startup’s concept to your audience as simple and coherent ...
The Western Cape region, which includes Stellenbosch and Cape Town is colloquially referred to as "Silicon Cape", a nod to the legendary Silicon Valley in the United States.The Western Cape is generally acknowledged as having South Africa's strongest entrepreneurial ecosystem. The Digital gateway to Africa report recently jointly published by Wesgro, City of Cape Town and PwC, shines a light on exactly why the region has become so attractive to both intrepid capital seekers and providers.Read more on Ventureburn.
“I am a complete capitalist.” This is how John Mackey, CEO of Whole Foods, opened his talk on Conscious Capitalism (also the title of his recently launched book) at this year’s SXSW.However, as Mackey explains, we tend to forget that capitalism has not been around that long. Two hundred years ago it didn’t even exist and 85% of the world lived on less than a dollar a day -- that figure is now 16%. Despite this, there is a ...
Demo Day has come and gone for African startup accelerator 88mph and the ten startups that completed their intensive three month acceleration programme, capped off with a beautiful Cape Town sunset.The ten startups that presented on the day began the programme three months ago, and through the process they moulded (some even changed) their ideas into marketable, scalable companies with the hopes of achieving follow-on funding.Taking the rise of Africa's mobile market into account, 88mph places its investment focus ...
As the international economy recovers, the Latin American startup culture follows suit with an economic boom. Technology is becoming more readily available allowing ventures to be empowered autonomously. Also, features such as government initiatives encouraging entrepreneurship, or the general attractiveness of the startup culture is adding momentum. As mentioned by trendwatching.com in this report, both consumers and entrepreneurs are moving away from government associated jobs and services. At the same time governments in South and Central America are encouraging entrepreneurial ...
Right around the time Omidyar Network released its Accelerating Entrepreneurship in Africa report, we had an opportunity to talk to Malik Fal, managing director of Omidyar Network Africa.Fal has a finger on the pulse of entrepreneurship in Africa. He leads Omidyar Network’s investment strategy and operations on the continent, and for the last 15 years has been involved with social entrepreneurship, business, and development, primarily in the African context.In this monster one hour interview Fal tells is why he is ...
Running your own business is hard work, especially when that business has been named Digital Agency of the Year six years running. Gloo, founded in 2005, is not what one would typically call a startup, as it's a service-based business rather than a product driven one.The company is one of the most successful advertising agencies in South Africa and was recognised as such last year when it was named overall "Ad Agency of the Year" by AdReview Awards.Read more ...
In 2010 China was the place of choice for foreign investment in the tech sector. Fast forward to today and it's an IPO ghost town, with less money and deals than a mid-level casino. At the heart of this "decline" in foreign interest are a number of factors.The Next Web states that political unrest, audit checks and internet censorship are but a few reasons for investor hesitation while Bloomberg pips rising employee and land costs as lowering China's "attractiveness as ...
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