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Entrepreneurship

  • Funding your startup: Ventureburn lists the SA investors that are delivering

    For entrepreneurs wanting to find early-stage funding, this is the article for you. As there is generally a veil of secrecy surrounding funding and startups, there is often smoke and mirrors in the industry, with many claiming to be "investors".  Ventureburn has sifted through the South African landscape and brought you the investors that are putting the money where their mouths are, and investing in the startup industry. Make sure to keep checking back on this article. We will constantly be updating it with new funds as the startup space grows in South Africa. Also, with your comments and suggestions we hope...

  • Do you have what it takes to raise your own venture capital?

    You've got an idea for a startup. You think it's brilliant, but you don't have any money to get it off the ground. What do you do? If you're like most entrepreneurs, you seek early-stage funding from a capitalist. These capitalists have a lot of money and they aren't afraid of risk – within reason. Though they may be willing to put money into your startup idea, they'll also seek ownership or management of your business in order to offset their financial risk. You can give up control in exchange for money, or you can find another way to reach...

  • 3 key startup lessons from Entersekt’s Dewald Nolte

    At a recent Stellenbosch Digital event, held at the Nedbank Stellenbosch LaunchLab, one of Entersekt's co-founders, Dewald Nolte, gave a talk on the company and its journey. What was interesting about his stories were all of the lessons that the founders had learned over the years. The company started back in 2008 in Stellenbosch. It has since grown to over 60 members of staff, with the majority being technical, as well as having offices in Johannesburg, Mauritius, Amsterdam, and Atlanta. It hasn't been an easy journey for Entersekt's team. Here are the three key takeaways we learned from his talk. 1. Make sure everyone is...

  • Engaging Africa’s next generation of business and technology leaders

    "Africa is on a path to greatness however we need talent to facilitate this growth. And I am not just talking about formal education, we need young leaders who can think on their feet and take bold decisions that will drive Africa forward." These are the words of Uche Ofodile, a senior business leader based in the Democratic Republic of Congo (DRC) with extensive expertise in building businesses in emerging markets, from a recent interview on 'Forward Leadership' and her passion to see young African leaders at their very best. Her reference to “young leaders who can think on their...

  • 5 easy steps to a successful seed round

    Too often, entrepreneurs go into a meeting with a venture capital firm as if the result is already a fait accompli, assuming that the venture capitalist has all of the power. They could not be more wrong. While the investor may have already formed an initial opinion, their thoughts are by no means final. Your presentation will be the deciding factor. With this in mind, most entrepreneurs should be taking a much more proactive approach to raising their first successful seed round. If you are an entrepreneur and the most you know about seed round funding is from what you...

  • Seedstars World’s Marcello Schermer talks African Startup Revolution at TEDxVienna

    Marcello Schermer is the regional manager for Seedstars World in Africa, which has allowed him to witness the birth and growth of a number of startups. Recently, he gave a talk at TEDxVienna about the African Startup Revolution. In his talk, Schermer talks about iHub and it's influence on startup hubs, Rwanda the Switzerland of Africa, as well as a range of startups on the continent. If you want to know more about startups in Africa, watch the video below from someone who can easily be considered a wealth of startup information.

  • Q&A with Hannah Clifford, general manager of Nairobi Garage

    The Nairobi Garage is one of Africa's largest co-working spaces. Since its launch this time last year, the company has hosted a range of events and partnered with Hong Kong VC, Nest among other happenings. Ventureburn recently had a chance to talk to the general manager of Nairobi Garage, Hannah Clifford. We picked her brain on co-working spaces and the need to join them, as well as the role they play in the startup community. Ventureburn: What bare basic services should a co-working space offer? Hannah Clifford: Internet first and foremost. Security is important. Meeting rooms and areas to hang out - the point of...

  • AlphaCode attracts over 1000 members

    Fintech accelerator AlphaCode has reached over 1000 members in a single year. The Rand Merchant Investment (RMI) initiative has seen eight member-to-member deals and invested R9-million into 11 various black-owned businesses through their partnership with Bank of America Merrill Lynch. AlphaCode has also invested in Merchant Capital, which provides alternative working capital for SMEs in SA. "The Rand Merchant Group has a history of partnering extraordinary entrepreneurs who have built disruptive, successful businesses such as RMB, Discovery and OUTsurance," said senior investment executive at RMI, Dominique Collett. Companies that joined AlphaCode cover various sectors of industry. These range from lending, payments and financial literacy to blockchain...

  • 6 lessons startups can learn from the corporate world

    Many books and articles have been written on what corporates can learn from startups — how to build an agile culture, foster creativity in the team, and ship products quickly. However, the opposite is also true in many cases. There are areas that a startup can learn from a well run corporate. Implementing these lessons early on will help a startup immensely along its journey to be a large well-managed company. When I moved from a corporate life to the world of startups, what took me by surprise was the similarities between the two regardless of some fundamental differences. In the...

  • From garages to high rises: what to consider when moving into your first office

    While a startup can survive in a basement or garage for a few months, there eventually comes a time when you'll need to move into your first real office. When this time comes, will you know what you're doing? Moving into your first office isn't as simple as finding a building you like and leasing it out. There's a lot that goes into a real estate transaction – whether you're purchasing or renting – and you need to be prepared to deal with all of the issues. Specifically, you'll want to think about the following: 1. Location From a very practical perspective,...