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  • Angel investor Patrick de Zeeuw on picking investors and keeping them happy

    Things are going great and some investors have expressed interest in your startup. But how do you as a founder know if an investor is the perfect fit for your business? The first thing to do is to carry out a due diligence exercise on any prospective investor, says Startupbootcamp co-founder, serial entrepreneur and angel investor Patrick de Zeeuw. Ventureburn caught up with De Zeeuw -- the former CEO of Dutch media giant Endemol -- at the Startupbootcamp Cape Town demo day which was held last week at on Thursday (30 November) in the city. He's founded online media and gaming company 3Circles Media and...

  • Company Office

    Film and Publication Board recognises authority of Press Council to regulate online press content

    Johannesburg: The Film and Publication Board (FPB) has, in principle, recognised the authority of the Press Council of South Africa (PCSA) to regulate online press content published by PCSA members. This follows a meeting last Monday between the FPB and the PCSA, South African National Editors’ Forum (SANEF), and the Interactive Advertising Bureau of South Africa (IAB SA), during which proposed revisions to the structure of the PCSA and the Press Code were presented to the FPB. Participating in a panel debate at the SANEF AGM in Auckland Park on Saturday, FPB CEO Mr. Themba Wakashe endorsed the revised Press...

  • Is SA startup Nona Creative really first to conclude equity transaction in Bitcoin?

    Cape Town digital consultancy and product development firm Nona Creative has conducted an equity deal entirely in Bitcoin. But is it really the first such deal, as a press release by the company suggests? The startup, which was founded in 2012, announced today that it had bought out a significant shareholder. Nona Creative CEO and co-founder Mike Scott would not name the amount of the deal and the shareholder that the startup bought out, citing "privacy* concerns". He was however able to say that the shareholder the company bought out was one of the co-founders of the startup. Scott added that the company had five co-founders. In earlier press...

  • Top startup events in South Africa, Africa you should know about this week [04/12/2017]

    Looking to get into the South African startup scene or catch 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...

  • Being an entrepreneur means knowing yourself – Alan Knott-Craig [Extract]

    No one need tell you that to succeed as an entrepreneur is hard work. What many don't tell you is that it takes an acute sense of knowing yourself to succeed where many others have failed. In fact failure may just be part of the process. In this fifth extract from his new book, tech entrepreneur Alan Knott-Craig Junior details how entrepreneurs can go about improving their self-awareness. With permission from Knott-Craig — the founder of Project Isizwe and former Mxit head — Ventureburn is serialising parts of the entrepreneur’s new self-published book 13 Rules for Being an Entrepreneur which is now available via his website http://bigalmanack.com. Ventureburn made five...

  • Fintech Prosperiprop nets over $200 000 in ICO to develop property software

    South African fintech startup Prosperiprop has been able to raise "just over $200 000" through an initial coin offering (ICO) which closed yesterday, the startup's founder Llew Morkel said today. Prosperiprop launched the ICO earlier this year to raise funds from investors to develop software that will help financial institutions to offer property investment products via the Blockchain. Read more: SA’s Prosperiprop responds to poorly performing ICO, adding PROPX NanoChain Responding in an email to Ventureburn, Morkel said the company was able to sell over 600 000 PROPX tokens through the ICO. The ICO, he said, had helped raise "more than enough" money to fund the development...

  • SA’s Ekasi Bucks ICO falls short of R50m target, nets just R500 000

    South African blockchain consultancy Ekasi Bucks has fallen far short of an ambitious target to raise R50-million in an initial coin offering (ICO) to fund a Blockchain-based rewards programme for township residents that buy from certain affiliated township businesses. Ekasi Bucks' ICO, which kicked off on 25 September, came to an end yesterday. The platform raised just R500 000, the site's co-founder Lucky Kgwadi said today. He however said most of the R500 000 -- which had come from US -- was returned to investors. The platform has retained only about R100 000, netted from non-US citizens -- including investors from India. The R100 000 has none the less allowed the...

  • Inaugural Startupbootcamp Cape Town secures 32 agreements with corporates

    Africa's inaugural Startupbootcamp has helped bridge the gap between corporates and startups, with the initiative's first cohort of 10 startups having secured 32 agreements with large companies, says the programme's managing director Zachariah George. The 32 agreements facilitated by Startupbootcamp Cape Town -- which concluded yesterday with a Demo Day in the city -- include pilots, proof of concepts, experiments and contracts with the programmes sponsors and other corporates, said George (pictured above). "This never happens in Africa, in corporate Africa, it usually takes years, two years to get a startup to even have a meeting," said George speaking at the event, held...

  • Aerobotics one of three African startups selected for Launchpad Accelerator

    Cape Town-based aerial data analytics platform Aerobotics has been selected along with two Nigerian startups, Helium Health and Paylater, to join the fifth class of Google's Launchpad Accelerator next year. The latest cohort was announced yesterday by Google Developers Launchpad global lead Roy Glasberg and will kick off next year on 29 January 2018 at the Google Developers Launchpad Space in San Francisco. A total of 24 startups from Africa, Asia, Europe and Latin America have been selected to take part. The Nigerian contingent to the accelerator will be represented by Helium Health's electronic health record platform which claims to bring 10 times more efficiency to patient records...

  • Everything you need to know about the South African cryptocurrency ecosystem

    A day doesn’t pass without news on the price of Bitcoin, the latest initial coin offering (ICO) or the launch of a new cryptocurrency. With the increasing interest in cryptocurrencies Ventureburn brings you a listing on where to go to get help if you want to invest in, build or simply know more about cryptocurrency in South Africa. While South Africa does not currently regulate cryptocurrencies, the Reserve Bank’s position on virtual currencies is set out in the Position Paper on Virtual Currencies issued in 2014. The bank also recently established a dedicated fintech programme to increase focus and assist the existing working groups...

  • SA legaltech startup NuvaLaw to set up in Holland, partner with insurance firms

    Cape Town legaltech startup NuvaLaw yesterday signed an agreement with The Hague Business Agency and other Dutch authorities to set up in Leiden, The Netherlands to initially partner with large insurance companies in the European country, especially in The Hague and Leiden. The startup is one of three South African companies that will open offices in The Hague region, the Hague Business Agency said in a press release. It follows an agreement signed yesterday by the three companies -- Hystead Limited, IoT.nxt, and NuvaLaw -- with the City of The Hague, The Netherlands Foreign Investment Agency (NFIA), The Hague Business Agency, and InnovationQuarter in Cape...

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