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Startups

  • Tech startups must spend more time on honing target market says MTN manager

    Tech entrepreneurs must spend more time developing a complete value proposition for the apps and web platforms that they pitch to corporates, says MTN's general manager of digital commercial management Mophethe Moletsane. "Unfortunately, most startups do the work on the solution, but are quick to rush to their demos without contextualising the market opportunity," says Moletsane. He says aligning the app, widget or platform to the strategic initiatives is everything for a big organisation. Unfortunately, most startups do the work on the solution, but are quick to rush to their demos without contextualising the market opportunity, says MTN manager Read more below on the advice he has for startups...

  • Tech startups crucial to Pick n Pay’s technology strategy says executive

    South Africa retail giant Pick n Pay has in the last year worked closely with "at least" 10 startups on various projects that have been delivered into the business, says the retailer's deputy CEO Richard van Rensburg. "Tech startups are crucial to Pick n Pay’s technology strategy," Van Rensburg told Ventureburn last week, in a set of emailed responses. He says over half of the retailer's spend on innovation is with startups. "We have recently completed re-platforming all our systems across the group , from in-store point-of-sale (systems) through logistics and distribution, buying, customer loyalty and finance. Our core business systems are up to date and...

  • Time is ripe for startups like Pineapple to disrupt insurance – Old Mutual manager

    Startups are set to disrupt the insurance business model fundamentally, says Stanley Gabriel, head of innovation at Old Mutual Personal Finance. Gabriel was responding to a question from Ventureburn on big trends he sees in the sector that startups should look out for. His comments follow the announcement last week by Johannesburg based insuretech startup Pineapple of a R5.2-million funding round from Lireas Holdings. "Overseas, Lemonade has disrupted the market, paying a claim in seconds, and locally Pineapple raised R5.2-million with their peer-to-peer insurance offering," Gabriel told Ventureburn. Read more: SA startup Pineapple secures R5.2m to take on short-term insurance market "I am excited about these developments and believe that...

  • 8 corporate managers that SA tech startups should meet [Digital All Stars]

    Digital All Stars is a series of articles which aims to celebrate the best of South African digital. The articles, which will appear on Memeburn and Ventureburn, recognise and celebrate South Africa’s best digital entrepreneurs, business people, advertisers, and media professionals among others. In this piece we take a look at eight managers of corporates that startups should meet if they're looking to pitch their app or web platform. Here are 8 corporate managers that SA tech startups with apps and web platforms should meet Follow the link beneath each for a more detailed interview with each corporate on what to look out for when looking...

  • With over a million downloads meet Cameroon’s file sharing service Feem

    Have you ever had issues with transferring files between devices? Then you might be happy to learn that there is a world-class file sharing solution that can solve your issue and it was built in Africa. In fact, it was built by Cameroonian entrepreneur Fritz Ekwoge and his team in Buea, Cameroon. It's called Feem. And it has over one million downloads from people all over the world. It was also covered by the renowned CIO magazine that covers tech. 'One of the features that makes Feem a great product is that you do not need an internet connection but only a...

  • Former Rocket Internet man tells how he cloned firms, from Cape Town to Bangkok

    Cape Town born Tauriq Brown always wanted to be an international businessman. He may claim to be an entrepreneur. But the 28-year-old former Rocket Internet employee is just one of the hundreds employed by massive venture-builder companies to clone and run companies for them. As a venture builder, Brown (pictured middle, above) has been involved in starting and running at least five ventures, on behalf of venture-builder companies Rocket Internet and Mountain Partners, which is headquartered in Switzerland. This has taken him to Nigeria, Vietnam and now to Thailand, where he is employed as managing director for 15-year old Thai lingerie company Kyra Mode. Yet he admits he still draws a...

  • Six time management tips startups can deploy to use to make more money

    Everybody knows the saying "Time is money". It’s a phrase so old that the creator has been lost to the mists of time and exhausted minds. Time is, by far, the most elusive resource when it comes to building a company and creating a product. Every action has an opportunity cost, as does every inaction. So how does the entrepreneur handle the challenge of time versus tasks, especially when the latter seem to pile up like emails in an untended inbox? Every action has an opportunity cost, as does every inaction. So how can an entrepreneur improve their time management skills? Here then...

  • Startups misjudge complexity of dealing with corporate says Standard Bank head

    Startups should understand the complexity of dealing with large corporations. Failing to do so could put a strain on their resources, cautions Jayshree Naidoo, the head of the Standard Bank Incubator. In an interview with Ventureburn on how startups can best prepare themselves to pitch to corporates, Naidoo adds that entrepreneurs should take the necessary steps to protect their IP before presenting to a corporate. She adds that many corporates won't enter into an NDA unless they see potential value in the solution for their respective corporate. Startups should understand the complexity of dealing with large corporations, says Standard Bank exec She says the bank gets on average at least 10 to 15 requests a month through...

  • Nedbank no easy sell for your app or platform, executive tells tech startups

    Trying to sell your payments solution to Nedbank is no easy thing. While the banks gets between 10 and 15 requests from startups a month, it turns down most of these. Chris Wood, Nedbank executive of emerging payments, strategy and regulation, says he takes a hardline on deciding which ideas to go with and which to turn down. “My motto has definitely become 'I choose what to say no to, long before I choose what to say yes to'. If we said yes to every idea, we’d have so many competing things going on that our customers would lose track of...

  • Click2Sure’s Daniel Guasco steps down as chairman of Silicon Cape

    SA entrepreneur and founder of insurance startup Click2Sure Daniel Guasco will next Thursday (31 August) hand over the reins as chairperson of Silicon Cape, to academic Sumarie Roodt. Guasco told Ventureburn today that he is stepping down as he no longer has the time to do the organisation justice as its chair, as he's having to dedicate more time on his startup. In an earlier press release Silicon Cape managing director Ellen Fischat said Guasco will continue as a director of Silicon Cape, to provide mentoring and guidance to the broader ecosystem. Guasco says he no longer has the time to do Silicon Cape justice as chair,...

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