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Eric Edelstein is a Cape Town Internet Entrepreneur & Angel Investor. His current venture is evly.com, a Social Network platform focused on Crowdsourcing. evly helps companies and other organisations to interact, involve and engage their customers and community with Crowdsourcing activities such as idea generation and problem solving. He blogs far too little at EricEdelstein.com, but spends far too much time on LinkedIn, Twitter, and Facebook!
Getting your startup off the ground can be intimidating as all hell. Sometimes you can get so obsessed with your vision that you don't realise it has deeply ingrained flaws. At one point, South African-based startup evly was stuck in precisely that position. That is, until its boss Eric Edelstein met the founder of cloud-storage phenomenon Dropbox. Here's how one lunch made the company pivot so successfully that it now has a global footprint.
After three months of living ...
While I was living in Silicon Valley for a couple of months earlier this year, I had the opportunity to see how a number of the startup accelerators over there function, and also to speak to a number of tech entrepreneurs that passed through their programmes.
The formal definition of an accelerator is a "programme designed to assist startup businesses with financial and/or operational resources that will increase their chance of growth and success".
After seeing them for myself, my definition is ...