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All posts by Daniel Mpala

  • Webber Wentzel launches incubation initiative, Webber Wentzel Ignite

    South African law firm Webber Wentzel has announced the launch of Webber Wentzel Ignite, a legal incubation programme aimed at high-potential startups and scale-ups. The law firm is looking for SA enterprises that have gained some market traction. Applications close on 15 January. In a press release yesterday (7 December) the law firm said the programme will provide support that includes legal services valued at up to R100 000, focused mentoring and support which will aim to arm startups with legal knowledge and skills relevant to startups. A panel of industry experts will consult for the programme and select the successful applicants to the incubator. Project lead Aalia Manie said...

  • Exclusive: Startupbootcamp Cape Town, EasyEquities to crowdfund first cohort

    Startupbootcamp Cape Town has partnered with investment platform EasyEquities to crowdfund the 10 startups that last week graduated from the initiative's inaugural programme. The announcement was made last week Thursday (30 November) by Startupbootcamp Cape Town managing director Zachariah George at the accelerator's Demo Day held at Ratanga Junction Conference Centre in Cape Town. "This has never been done before, on the African continent or at Startupbootcamp anywhere in the world," said George. Potential investors can view more at http://crowdfunding.easyequities.co.za/. The page lists 15 December as the date the investment round will open, however when contacted EasyEquities vice-president for business development Almero Oosthuizen told Ventureburn...

  • Angel investor Patrick de Zeeuw on picking investors and keeping them happy

    Things are going great and some investors have expressed interest in your startup. But how do you as a founder know if an investor is the perfect fit for your business? The first thing to do is to carry out a due diligence exercise on any prospective investor, says Startupbootcamp co-founder, serial entrepreneur and angel investor Patrick de Zeeuw. Ventureburn caught up with De Zeeuw -- the former CEO of Dutch media giant Endemol -- at the Startupbootcamp Cape Town demo day which was held last week at on Thursday (30 November) in the city. He's founded online media and gaming company 3Circles Media and...

  • Is SA startup Nona Creative really first to conclude equity transaction in Bitcoin?

    Cape Town digital consultancy and product development firm Nona Creative has conducted an equity deal entirely in Bitcoin. But is it really the first such deal, as a press release by the company suggests? The startup, which was founded in 2012, announced today that it had bought out a significant shareholder. Nona Creative CEO and co-founder Mike Scott would not name the amount of the deal and the shareholder that the startup bought out, citing "privacy* concerns". He was however able to say that the shareholder the company bought out was one of the co-founders of the startup. Scott added that the company had five co-founders. In earlier press...

  • Inaugural Startupbootcamp Cape Town secures 32 agreements with corporates

    Africa's inaugural Startupbootcamp has helped bridge the gap between corporates and startups, with the initiative's first cohort of 10 startups having secured 32 agreements with large companies, says the programme's managing director Zachariah George. The 32 agreements facilitated by Startupbootcamp Cape Town -- which concluded yesterday with a Demo Day in the city -- include pilots, proof of concepts, experiments and contracts with the programmes sponsors and other corporates, said George (pictured above). "This never happens in Africa, in corporate Africa, it usually takes years, two years to get a startup to even have a meeting," said George speaking at the event, held...

  • SA legaltech startup Libryo to partner with Swiss regtech startup Apiax

    "Switzerland is a perfect destination to work on solving problems that are relevant to a multi-lingual area like Western Europe," says Malcom Gray, the founder of SA legaltech startup Libryo. "With four official languages, a high concentration of global businesses and easy access to Germany, France and Italy, we feel the programme has given us a wonderful stepping stone into new markets," Gray (pictured above, centre) told Ventureburn in an email. The startup -- which is based in the UK but was started by three SA founders -- has just secured a partnership with a Zurich-based regtech startup Apiax. The announcement was made by Swiss tech...

  • Black-owned insurtech startup Fo-Sho to unveil new short-term insurance product

    Accelerator Startbootcamp Cape Town has scored some success, with South African insurtech startup Fo-Sho set to launch this Thursday (30 November) with its short-term insurance offering aimed at lower-income consumers. For the past three months the Johannesburg-based startup, which was founded in June last year, has along with nine other startups been part of Startbootcamp Cape Town's inaugural accelerator programme. The programme concludes with a demo day this Thursday. The startup has been beta testing its product and has so far secured premium commitments in excess of R10-million. In addition the company has already secured a "multi-million rand venture capital investment" from BEE investor and Alpha Vista Systems director Dempsey...

  • New MEST Cape Town Incubator offers African launchpad for SA entrepreneurs

    South African entrepreneurs looking to launch into the rest of the continent should look no further than the Meltwater Entrepreneur School of Technology (MEST), which last night launched a Cape Town incubator. Speaking at the launch of MEST Cape Town Incubator, held at the Woodstock Exchange in the city, the organisation's managing director Aaron Fu (pictured above) says the incubator will among other things, run workshops on cross-border trade -- on things such as how startups can build a remote or regional team. The programme aims to get entrepreneurs and developers from different African countries to work together and to jointly set up startups. "Our Nigeria general manager...

  • New survey suggests SA startups could be out of touch in paying employees

    Do South African tech startup founders really pay employees as well as they claim to? A new survey released by Ventureburn today suggests that perhaps they don't. The Ventureburn Tech Startup Survey powered by Telkom Futuremakers sampled 260 SA tech startup founders in an online questionnaire. Close to one third (31%) of respondents claim they pay their employees market-related salaries. Yet the same founders list remuneration as the top reason for employees leaving -- 21% of founders list remuneration as the top reason why employees depart the company (see the below graphs). This throws into question the knowledge that startups possess regarding market-related salaries....

  • SA Home Loans acquires 49% stake in PropertyFox

    Mortgage finance provider SA Home Loans today announced that it has acquired a 49% stake in online real estate agency PropertyFox. PropertyFox co-founder Crispin Inglis (pictured, right) would not disclose financial figures behind the deal but did reveal to Ventureburn in a phone call that the money will drive expansion and strengthen its presence in South Africa through further tech development and marketing. Inglis said the deal has been in the making for a year after the startup approached SA Home Loans. The deal will see two members from SA Home Loans sit on PropertyFox's board. The founders will still retain a controlling stake in...