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  • 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...

  • Company Office

    Welcome to the Matrix: Mastering the art of Scenario Planning

    For entrepreneurs, one of the most frequently cited challenges is the task of having to juggle multiple demands on your time at any given moment. In my view, however, there is a task that is perhaps more taxing – and yet absolutely critical – that entrepreneurs have to tackle every day. It is the task of identifying and planning for multiple possible business scenarios in the midst of an ever-changing market environment. Smart scenario planning, in effect, is something that undoubtedly needs to be built into the fabric of your daily communications with the board, management and your team...

  • 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...

  • WDB Investment Holdings, Grovest aquire stakes in Seed Engine

    Seed Engine has announced that WDB Investment Holdings (WDB) and VC firm Grovest have acquired stakes of 30% and 27.5% respectively in the accelerator. Seed Engine includes entrepreneurial programme, Seed Academy. "We needed a strategic partner that would instantly allow us to scale up our efforts around entrepreneurship in SA, especially amongst women," writes CEO of WDB Faith Khanyile in a press release to Ventureburn. "Seed Engine was one of the first ICT accelerators in this country, and this dynamic for-profit social enterprise is now supporting the entire entrepreneurial ecosystem from startup through to supplier," she continues. Speaking on the acquisition, CEO of Seed Engine...

  • 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...

  • VC HAVAIC invests in expanding Digital Cabinet cloud solutions

    SA venture capital (VC) firm HAVAIC Limited Partners has invested in paperless cloud solutions company Digital Cabinet. The investment comes in the form of a convertible note instrument, and while no exact amount has been given, it is estimated to be under R5-million. HAVAIC has been working with Digital Cabinet for several months in an advisory and service manner. "Digital Cabinet has been operating for about 5 years and we have seen our business mature to the extent that we require further capital to both expand with new products and consolidate our existing offerings," writes Digital Cabinet CEO Daniel Kritzas in a press release...

  • Meet Asia’s first accelerator for AI startups, founded by a Techstars London director

    There's a new startup accelerator in Hong Kong called Zeroth.ai, and it's accepting applications from artificial intelligence startups throughout Asia. It's started by Tak Lo, who was a director at Techstars London. Techstars is one of the pioneers of the startup accelerator movement. The accelerator has on its team Skype co-founder Jaan Tallinn and Jon Bradford, the former managing director of Techstars London. Zeroth will offer mentorship and US$20,000 in capital to startups for 6 percent equity. The first program will be run from November 7 this year to February 17, 2017. The accelerator is named after zero-based numbering, which is basically...

  • 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,...

  • WeFarm names mobile architect Adam Neilson as CTO

    Adam Neilson will join peer-to-peer farming network WeFarm, as CTO, the company announced in a press release. Neilson has previously held positions at Probability, Sea Monster, Health Unlocked, and Rareburg. He had experience with mobile technology and building social platforms. "When I first heard about the work WeFarm has been doing impacting farmers' lives in such a positive way, I was bowled over. After digging a little deeper, I found more data than you can shake a stick at, a cutting-edge machine learning platform and I knew this was something I had to be a part of," explains Neilson. Read more: 8 mobile...

  • Seedstars World looks for its next Mozambique winner

    Global pitching competition Seedstars World is on the lookout for its next startup from Mozambique. The event will take place on 15 July in Maputo. "After kicking off last year's Africa tour in Mozambique and finding a young but vibrant ecosystem, we can't wait to come back and see the massive growth and development that has taken place in the country's startup ecosystem since last year." writes Claudia Makadristo, Seedstars World associate for Africa, in a press release to Ventureburn. Up to 12 startups will be selected for the pitching event. The overall winner will represent Mozambique in the Seedstars World finals . The...

  • What we learnt from Snapscan at MTN’s app breakfast

    MTN Business's App of the Year awards is a pretty noteworthy event in the tech industry, featuring quite a few notable representatives. To encourage entries (and for networking), the company held a breakfast event, featuring a rather interesting speaker lineup. Representatives from CustomApp, Uber South Africa and Snapscan were on-hand to dish out some knowledge. But it was Snapscan's Rupert Sully, head of sales and business development, who got our attention. So what did we learn then? Snapscan wasn't a mobile service at first It's weird to think of the payment app as anything but a mobile service, but Sully said the service was...