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Entrepreneurship

  • To sell or not to sell? Things to consider when someone offers to buy your startup

    Serious entrepreneurs don't build a company with an aim to sell it. They build it to solve a problem. But a startup may struggle or run out of cash. Or maybe the founders will get tired, have a fallout, or get an extremely attractive buyout offer on the table. This exit offer can come from a customer, partner, rival, vendor, or even another big company. In those scenarios, exiting becomes the end goal for several entrepreneurs. But how does one navigate that curvy road? The panel on "Exits and M&As" at the Tech in Asia Bangalore 2016 conference saw Miten Sampat,...

  • Startups: the investment landscape, VCs demystified

    There has been significant growth and development in the South African entrepreneurship and venture capital ecosystem over the past five years as evidenced by numerous new investment funds and government initiatives as well as high-caliber incubators and accelerators emerging on the scene. All are committed to furthering the growth prospects of commercially viable entrepreneurial ventures in South Africa. Notwithstanding the challenges that still exist for entrepreneurs and SMEs, this is an exciting period for the industry and progress is being made to increase funding opportunities. In order for entrepreneurs to be best prepared for the investment journey, it is important...

  • Entrepreneurs, want to know how Apple co-founder Steve Jobs started out? [infographic]

    There's no doubt that Steve Jobs has built one of the most successful tech companies in the world. Even with the success of the iPod and MacBook, Apple wasn't a company without its own problems. In an infographic on Funders and Founders, created by Anna Vital, the story of Steve Jobs is detailed from early life, his meeting with Bill Gates, and starting Pixar. The Funders and Founders page also includes some quotes from Jobs, as well as some of his philosophies. Love or have the entrepreneur, you have to admire the things he's done. For those of you looking for more infographics...

  • 4 things to consider if you’re prepping your startup for acquisition

    If there's one big, open secret in the world of startups -- in India and around the world -- it surely is that not every founder will live to take their company down the IPO route. For every Facebook and Alibaba, there are thousands of others that either get bought out or, if unlucky, have to shut shop. However, as the industry matures, consolidation has become a much sought-after road to exit. But how does one build a company for an acquisition? Industry experts discussed the elusive road to exits today at Tech in Asia Bangalore 2016. Here are four tips...

  • Want to invest in Africa? Look at these two industries

    Falling oil prices have applied strong downward pressure on key African economies, and major regions of the continent are starting to feel the pinch. Nigeria's economy contracted by 0.36% in the first quarter of 2016, stoking fears that an oil-driven slowdown could push Africa's largest economy toward recession — and drag the continent's broader economic health down with it. Among policymakers, dialogue is increasingly shifting toward the need for rapid economic diversification. Their hope is that this shift will act as a means to generate sustainable, resilient growth and reduce the impact of external events. Only time will tell what effect...

  • Entrepreneurs: you should be playing these 6 video games

    It may be strange to think of gaming and entrepreneurship going hand-in-hand -- unless you own a video game startup -- but the two are a perfect match. They actually hold a lot more in common that meets the eye. Besides the benefits of teaching players patience, hand-eye-coordination, and being able to let off a bit of steam, video games can benefit entrepreneurs in a number of ways. Here are 6 videos games every entrepreneur should be playing: SimCity 2000 The SimCity franchise is not only a management and simulation title, but a no-brainier on this list. While I could have chosen from...

  • What did we learn from CustomApp, Uber at MTN’s app breakfast?

    MTN's App of the Year breakfast delivered a rather interesting speaker lineup, such as representatives from Uber, CustomApp and Snapscan. We've already looked at Snapscan, but what did we learn from the CustomApp and Uber speakers? Insights into Cape Town's Uber habits Jonathan Ayache, general manager for Uber South Africa, noted that 16% of Uber riders in Cape Town are actually foreigners. He also claimed there was a trend of Uber vehicles complementing MyCiti buses, as people were using MyCiti buses and then Uber vehicles in areas without the bus service. UberPOOL in SA? Ayache refused to divulge any details about upcoming cities on the African continent,...

  • Philip and Malan Joubert share some of their experiences from Silicon Valley

    Venturing to the far-off land of Silicon Valley seems to be the dream of many an entrepreneur. It is, after all, the birthplace of companies like Uber and Microsoft. For entrepreneurial brothers Philip and Malan Joubert, heading to the Bay Area was an obvious choice. At a recent Stellenbosch Digital talk, held at the Launchlab accelerator, the two shared some of their knowledge and experiences from the adventure. The pair are no strangers to the startup scene. They've been involved with companies from FireID to Pondering Panda, and SnapScan; more recently founding OfferZen. One of the first things they mention is to make sure you secure...

  • How to scale your startup’s infrastructure from the inside out

    When considering the most exciting elements of entrepreneurial life, you probably don’t immediately think of the word “infrastructure.” Foundations, wiring, plumbing — surely, these aren’t the things that provide a startup with the innovative spark it needs to grow. But infrastructure goes way beyond pipes and wires; it’s your startup’s internal road map. It’s your HR systems, sales processes, and marketing protocols. It embodies some of the most vital and creative parts of your operation, and it helps you achieve your biggest goals. As you begin to grow your business, you need to ensure your infrastructure can expand alongside you....

  • Pimping the wheel: an anthropologist’s view of entrepreneurship in SA

    South Africa is as wrapped up in the myth of the rock star entrepreneur as the rest of the world. But what kind of entrepreneurs are we developing, and why? This is the question that Melissa Beresford, an anthropologist PhD student from Arizona State University, has set out to answer. She has spent the last 11 months in SA doing research for her thesis, focusing on the cultural models of entrepreneurship across low-resource and high-resource environments in the country. This topic wasn't her original plan. Beresford had spent the last two years working on doing her PhD on the model of collective action in the...