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  • Young Silicon Valley entrepreneurs and their unethical ways

    The film "The Social Network" has helped to make startups popular among young people the world over. It's just one factor inspiring new generations of entrepreneurs hoping to succeed through innovation and hard work. But are they learning ethical ways of doing business? The more we find out about Mark Zuckerberg and his behaviour during the early days of Facebook, the more he reveals a cavalier attitude to ethics. And other founders of successful startups also have shown questionable ethics. Take Mark Pincus, the CEO of Zynga, the social gaming company behind Farmville. His behaviour was documented by Mike Arrington in Techcrunch: Scamville:...

  • Company Office

    How your startup can implement good accounting practices

    It is the dream of every startup to get external funding. However, without the right accounting practices in place, that is unlikely to happen, says Cloudworx founder and MD Gareth Price. Price (pictured above) believes it’s crucial that startups get accounting right from the beginning. He says one of the biggest mistakes a startup could make is something he says happens regularly -- running for a year without any accounting. "They sort of get through the first year, and then go, now I need to do some accounting. That becomes a disaster," he says, adding that the easiest way to fix...

  • Kickstart your startup with Google and Silicon Cape

    How often have you had a great idea that you were convinced could become a major hit, if only you had a team to help you realise it? Or perhaps you're a great developer waiting for just the right project to work on that will maximise your talents? If either of these scenarios sound familiar to you, then you need to make sure you're at the Ideas & Builders event, hosted by Silicon Cape and the Google Umbono team. The Ideas and Builders Event takes place on Wednesday 20th April, 2011, and runs from 6:30PM to 9:30 PM. Umbono is...

  • Mobile social network Motribe celebrates ‘one million user’ milestone

    Memeburn has it on good authority that Motribe, the relatively-new mobile social networking platform that empowers users across the world with tools to build and manage their own mobile social network, claims to have now hit the "one million user mark". The venture capital-backed startup focuses its attention primarily on emerging markets in Asia and to some extent Africa, and markets itself heavily on mobile advertising networks like Google Adsense for mobile and Admob -- where much of the service's traffic is thought to emanate. Motribe is backed by early-stage venture capital company 4DiCapital, which forms part of international...

  • FSMS.co.za: Q&A with the new mobile messaging startup

    There's no such thing as a free lunch right? There's got to be a catch somewhere within a so-called free service? Think of Facebook, Google, and Twitter. These are all based on “freeconomics”. They are free tools. These services are subsidised by advertising and that model has, obviously, proved extremely successful. Why not apply the same model to mobile messaging? Launched last year, FSMS.co.za is doing just that. Memeburn had a chat with FSMS CEO Daniel Schwartzkopff to find out more about the start-up and their future plans. How did you come up with the idea for FSMS? Daniel: After looking...

  • There are only nine Googles left in the world

    There's an interesting analysis of the advertising industry and Silicon Valley's growing bubble in new media by Rick Webb. In his analysis, Webb argues that Silicon Valley is heading for a cliff in funding too many startups to provide new media channels for advertisers. He writes that there seems to be a perception that there will be far more money in online advertising than there really is. "Brands don't actually want or need any more media channels. As far as they're concerned, the internet can stop now. We have enough channels. We were happy when we had like seven (TV, print, outdoor,...

  • Reppler protects your online reputation

    On Tuesday a new service called Reppler launched to help people protect their reputations n Facebook. The service comes to aid those who concerned that their profiles are now resources checked by employers, college recruiters and even potential mates. Reppler warns Facebook users about pictures or written posts that might hurt their images, highlights public information best kept private and rates how members of the leading social network look online. "People are concerned about overall perception from the outside world," said Vlad Gorelik, who worked at cyber security firm AVG Technologies before starting Reppler in the Silicon Valley city of Palo...

  • DealPulp offers daily bargains to online shoppers

    Dealpulp.com, a startup that offers you the freshest deals, is wooing American online shoppers who are all eager for a good bargain. Based on the premise that online shoppers have been somewhat neglected in a smartphone and coupon infused internet age, DealPulp plans on making that topic the focus of a first-ever Daily Deal Summit kicking off in New York City on Wednesday. As startups rush to offer smartphone users coupons for discounts at nearby shops, DealPulp offers members daily bargains available nationwide and redeemable only online. The San Jose, California-based service recently began letting people share deals with friends or...

  • Could Bitcoin be the global online currency?

    With the rapid growth of eCommerce over the last decade, online payment has become a hugely influential area. This niche has made fortunes for credit card companies, and services like Paypal, providing the ability for real currency to be used online with relative ease. With the estimated total value of eCommerce approaching a trillion US$, there is another solution that may be even more useful. Perhaps it is time for a global online currency? Bitcoin is such a currency, created in 2009 by Satoshi Nakamoto. It is an anonymous, open source and peer to peer fiat currency. There is no central...

  • Is uHambi the genuine personal touch in a world of online travel bookings?

    Is there a difference between being a traveller and a tourist? For those of us who answer yes, one startup is trying to connect the dots. With 100% OpenSource software, one startup is attempting to close in on the middle ground between the convenience of a personal travel agent and the benefits of browsing for your own holiday choices. Cape Town-based uHambi was launched as a public beta in August 2010 by Nick Maurer, a 100% shareholder who drove the research and development behind the startup. The company says it wants to create a world class travel booking experience using...

  • Reid Hoffman’s ten rules of entrepreneurship

    You may not have heard of Reid Hoffman, and if you were introduced to him you might be forgiven for underestimating him. With his scruffy jeans, his coke bottle glasses, and his excited giggle he may be mistaken for a common or garden nerd. But Hoffman is a key member of what is called - only partly in jest - the PayPal mafia. Hoffman was a founding board member at PayPal, and was instrumental in its acquisition by Ebay. Since then he has co-founded LinkedIn and led it into profitability as its CEO, before moving his focus to Greylock -...

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