Entrepreneurship, Startups

6 Things every startup should watch out for before signing with an investor

Startup deal "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 ...

General Tech

What can the internet really tell you about your personality?

Personalities are peculiar things. They say that the first five years of your life are crucial to the development of your personality. Or is it your star sign? Or who you were in your past life? Or is it about what you eat? Whatever the case, as with most things, the internet claims to have the answer. Or should that be multiple answers? Just doing a quick search brings up millions of tests – some legit and fairly ...

Gearburn

Olympus Tough TG-810 — Can a camera make you rugged?

I walked into the editorial office a few days ago, just after a fresh gadget delivery. "Here," said one of my colleagues, "We've got something for you to review". His gym-calloused hands tossed it my way, just missing the bearded man mountain of a writer who sits between us. It was a camera. With the word "tough" in its name. Now let’s just get one thing clear, I cry at the end of Gladiator, and Lord of the Rings: Return ...

Venture capital

How do VCs get their money? They pitch too

Dollar sign Every two or three years, VC's gear up to raise money for their next fund. They create a pitch deck, come up with a list of investors actively investing in venture capital funds, make sure they get introductions to them from trusted sources -- or go direct if they already have the relationship, and pitch the investment strategy and how they plan to provide better returns than the industry average. Sound familiar? For established funds with a solid track record ...

Gearburn

Motorola hits back with an Intel-core, Android 4.0 smartphone

Motorola is hitting back hard with not only its first Ice Cream Sandwich handset, but with a smartphone running an Intel core. The phone pictured above is an unnamed Android 4.0 device powered by Intel’s new Medfield platform. What we can gather from the image above, is that the new Motorola phone will be button-free , as well as sport a newer version of the MotoBlur UI. And according to sources, the camera will be one of the hardware highlights of ...

News

French president Sarkozy joins Twitter

French president Nicholas Sarkozy has become the latest world leader to join Twitter. Since joining, his official account gained 13 000 plus followers, despite only sending out two tweets. "Good day to you all, I'm very happy today to launch my Twitter account. Thank you to all of those who would like to follow me," he said, in his first message. Bonjour à tous, je suis très heureux de lancer aujourd’hui mon compte #Twitter. Merci à ceux qui voudront bien me ...

News

Vimeo festival looks to reward film makers, features star judges

Online videos are increasingly gaining currency as an acceptable form of mainstream entertainment. YouTube knows it and the best Web TV series have even been recognised with their own awards. If you needed any more convincing, video-sharing site Vimeo is hosting its second festival and awards show. The festival will take place in New York City in June this year. The YouTube competitor claims that the aim of the ceremony is to celebrate "the most creative and original videos online, ...

News

Zynga reports continued user growth, net income loss

Social gaming giant Zynga’s latest financial results have revealed a net income loss, despite continued user growth. In its annual financial summary, the company said it experienced a net loss of US$403-million. It noted, however, that a large part of that loss was down to payouts it had to make to shareholders in the wake of its IPO. Online gaming revenue continues to be a big money spinner for the company, accounting for US$1.07-billion in 2011. Although advertising revenue increased ...

Startup news

FNB becomes first bank to add official support for 22Seven

22seven At least one major South African bank appears to have changed its tune on financial management app 22Seven. First National bank (FNB) has issued a press release claiming that it will "allow access to 22Seven". The bank claims that it made the decision as part of an "ongoing attempt to create simple and convenient solutions for its customers". "FNB has set a precedence of responding to our customer's [sic] needs with innovative products and services. We are now providing a ...

News

You can now pay for your meals via MXit

Popular instant messaging service, MXit, is expanding its mobile payment system. Last year the service signed an exclusive agreement with wiWallet, that made it possible for MXit’s 10-million+ active South African users to make use of its mobile payment services. wiWallet is a subsidiary of UCS Group Limited (“UCS”), a provider of retail software within South Africa, that services 95% of SA's retailers. When MXit originally announced its partnership with wiWallet it said it wanted to "replace our existing Moola payment platform ...

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