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All posts by Graham van der Made: Editor

  • eCommerce MoneyAfrica Confex 2017 hits Cape Town this February

    The eCommerce MoneyAfrica Confex, which focuses on ecommerce and fintech, will be held at the CTICC in Cape Town on 22 to 23 February. The conference will focus on developing a cashless society, cross-border ecommerce, money without borders, building loyalty, and a range of other topics. "This year's event parallels the swift adoption of fintech products, improved customer knowledge and fulfilment; key areas driving the growth of eCommerce on the continent," says managing director of Kinetic, Terry Southam, in a press release to Ventureburn. It will feature 75 speakers, keynotes, panel discussions, demonstrations, networking, exhibitions, and cocktail functions. The event looks at bringing together merchants,...

  • Report: SA private equity comes out on top

    According to the recent RisCura-SAVCA South African Private Equity Performance Report , private equity in SA yielded favourable returns over a 10-year period. The report shows that private equity delivered a 10-year internal rate of return (IRR) of 17.7% at the end of September 2016, as opposed to 16.5% from the FTSE/JSE Financial and Industrial Index (FINDI TRI). "The steady, attractive returns delivered by private equity is particularly appealing in the current volatile, low-returns environment," says CEO of the Southern African Venture Capital and Private Equity Association (SAVCA), Erika van der Merwe, in a press release to Ventureburn. SA private equity was also strong against the FTSE/JSE...

  • Top startup events in South Africa, Africa you should know about this week [07/02/2017]

    Looking to get into the South African startup scene or scratch up on some of your skills? Well, you've come to the right place. There are loads of competitions, networking sessions and workshops happening around South Africa and the rest of the continent (namely Kenya, Nigeria and Ghana) that we’ve rounded up to make your life a bit easier. This article is part of a weekly series that highlights all the top startup competitions, networking sessions, workshops and conferences around South Africa, and the greater region. If you have any event recommendations for us to add to the list, or...

  • SA sports scale-up achieves self-exit from VC

    A scale-up developer of ball tracking in sports, FlightScope, has bought itself out from its VC partner. In 2006, HBD Venture Capital, which is owned by Mark Shuttleworth and managed by VC firm Knife Capital, became a funding partner for the company. "We saw tremendous potential in applying world-class technology to bridge the gap between the passion and science of sports," said CEO of Knife Capital Eben van Heerden in a press release to Ventureburn. When Ventureburn asked a Knife Capital representative about the deal, they said the amount of the exit could not be disclosed, though they did receive a desired ROI. A clause...

  • South African steps up at top Silicon Valley VC firm

    South African-born Roelof Botha has been promoted to one of the three stewards of Sequoia Capital. Botha joins the stewardship along with current partners Doug Leone and Neil Shen. He takes over from Jim Goetz, who held the position for 13 years. Even though the position brings with it more responsibilities, Botha has been running the U.S. division of Sequoia Capital with Goetz since 2007. Before joining the VC, Botha was the chief financial officer (CFO) at PayPal from 2000 to 2003. He later sat on the board of directors for the likes of YouTube and Evernote, was a business partner in Instagram, and more. He is also...

  • Kickstart your startup with Swiss accelerator

    Swiss technology accelerator Kickstart Accelerator, an initiative of digitalswitzerland, has opened applications for its second international startup accelerator. The accelerator is inviting startups from around the world and will shortlist 30 companies, all of whom will participate in an eleven-week programme. Kickstart Accelerator is looking for startups in the food, fintech, smart cities, and robotics and intelligent systems sectors, and is partnering with BaseLaunch to facilitate healthtech companies. Applicants will need to have a business that has the potential to disrupt its given sector. According to a press release sent to Ventureburn, "Kickstart will not be taking any equity from the participating startups". Instead, the participants will have a...

  • Katlego Maphai to be Startup Grind Cape Town’s next speaker

    After the successful first Startup Grind Cape Town 2017 event, it's time to head into the next one for the year. This time, one of Yoco's co-founders, Katlego Maphai, will be chatting. The event will follow the normal Startup Grind structure where Maphai will be asked about his early life, studies, and how he got to where he is right now. After the talk, which is hosted by the organisation's global community director, Guillaume De Smedt, the audience will be allowed to ask their own questions. Before co-founding Yoco, Maphai was part of the incubation team at Rocket Internet, which built Jumia.com.ng. He's also an...

  • How to get more out of the local startup ecosystem

    Creating a startup is one of the hardest things that anyone can undertake and finding support used to be a daunting task. However, that has changed over the past few years with more and more resources cropping up for entrepreneurs. During the recent Techstars-4-A-Day event, which was held at the Rise hub in Cape Town, four panellists spoke about the local ecosystem and how entrepreneurs can leverage information from it. Barclays Rise and its focus on fintech The ecosystem manager for Barclays Rise in Africa, Camilla Swart, opened with a few words about the organisation as well as what it looks to...

  • 6 tips from SA startup pros on raising funding

    Funding your startup is one of, if not the most crucial part of creating the company. While bootstrapping may be ideal for a number of entrepreneurs, it isn't always possible, meaning they will need to raise money from VCs or Angels in order to get things off the ground. Like anything related to humans, it's possible for entrepreneurs to jepordise their chances of actually raising funding. At the recent Techstars-4-A-Day event, which was held at the Rise hub in Cape Town, Alexandra 'Alex' Fraser (Silicon Cape) and one of the founders of Yoco, Carl Wazen, gave the audience some tips...

  • Jumo’s Johan Bosini: 8 rules on growing a startup [update]

    "Fintech isn't about tech at all. It's about data." These words were spoken by Johan Bosini at the recent Techstars-4-A-Day event, which was held at the Rise hub in Cape Town. Bosini is no stranger to the startup scene and is currently involved with VC firm Quona Capital, as well as Switch2 Cover and Taking a Break. He's most well known for his role in fintech startup Jumo as the managing director of digital financial services. Before digging into his eight points, Bosini gave a small anecdote about Jumo in its infancy (which initially started out as another company called AFB). "Jumo was an 'accident'," he said (having...