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  • Can entrepreneurs thrive in corporate settings?

    Does working for a company preclude an individual from being an entrepreneur? Most certainly not; indeed, some of the best innovations and developments are achieved by people who are working for large corporations. The difference is that within these organisations, entrepreneurship – and critical thinking - is actively encouraged, not only in the research and development departments, but in the managerial suites too. With the global economy slowly coming out of a siege, it is to entrepreneurs that we must look for the kind of lateral thinking which sees opportunity in adversity. There is little debate that the days...

  • Company Office

    Mayibuye Film Festival on Wabona

    Wabona, one of Africa’s premiere video streaming services is happy to announce a ground breaking partnership with Cape Town based Gravel Road Entertainment. On the 13th of April 2014 Gravel Road Entertainment’s Retro Afrika Bioscope launches the Mayibuye Film Festival on SABC 1.  The festival will run for three weeks, airing two never before seen films every Sunday in which Wabona and Cinemo, Wabona’s mobile service, will be released 2 hours after broadcast free for its users on both services. This will be a first as Gravel Road and Wabona will be releasing film content on three media platforms within...

  • Personera launches Facebook print calendars

    Whoever declared that print was dead may soon have to swallow their words. Personera, an online-to-offline media technology startup, launched its unique service to Facebook users around the world this week. The company is offering the world's first print calendar that is fully personalised with a user's Facebook friends' birthdays, upcoming events, and photos. The company says it is also first to launch under the banner of the Silicon Cape initiative, a government and industry endorsed movement to create a global Silicon Valley-style startup culture in Cape Town, South Africa. Personera's website allows people to use their Facebook accounts to...

  • SA study: More people banking with their mobiles than PCs

    According to respected market research organisation World Wide Worx, the number of people banking from their cellphones has exceeded that of people banking from their PCs in South Africa. More than a quarter of bank customers are turning to their cellphones for services ranging from informational transaction types such as balance enquiries to financial transaction types which include account payments. This was one of the key findings from the consumer phase of the research company's Mobility 2009 research project. The study was backed by First National Bank (FNB), leaders in cellphone banking in Africa, and Research In Motion (RIM), the...

  • Opening speech @ #SiliconCape

    Here is the text of the speech I gave at the opening of Silicon Cape in Camps Bay. I'm not alone in saying that this was an inspiring and well-supported event. Welcome everyone and thank you all for coming. A special welcome to the Western Cape Premier, Helen Zille, Dr Mamphela Ramphele and Mr Johann Rupert. It’s an absolute honour and it’s humbling to be speaking in front of such an important gathering of tech people in this country. I think we all realise that we’re part of history here. Here, today, history is being made. There are some powerful and...

  • A short word on innovation

    Innovation in a business context is one of the most misunderstood concepts around. I have to admit that I've misunderstood it for most of my life too. I've grown to realise that ideas by themselves are pretty much worthless -- and innovation really arises out of a process of execution of those ideas that tests and combines other ideas, technologies and theories. It's common sense really. It's why Venture Capitalists will rarely invest in ideas (or even a track record), but rather need some evidence of execution (focus and passion help too). Of course there are always exceptions, but the...

  • The surprising science of motivation

    Fascinating TED talk on what motivates people in companies, challenging traditional notions of management. Very relevant to many online companies who are looking at building new and different cultures. (via Wendy Robb @ 20fourlabs)

  • Online chess play scoops $1.25m in funding

    ChessCube has concluded a US$1.25m funding agreement with Venture Capital fund, InVenFin (Pty) Ltd. InVenFin, the VC-focused subsidiary of VenFin Limited, invests in intellectual property-based start-ups with global potential. This transaction brings ChessCube’s total funding to date to US$1.8m. ChessCube is an online chess site, which allows players of all skill levels to compete and learn chess, while socializing with others. With a potential market of over fifty million active chess players in the world, ChessCube.com has already attracted over 650,000 registered users across 207 countries -- making it one of the leaders in the growing online chess market. Mark Levitt,...

  • Survey claims 80% of SA users shop online

    A survey by Master Card claims that 80% of South African users are shopping online. CDs, DVDs and VCDs” emerged as the most sought after item category, with 58% of online shoppers saying that they frequently shopped for these items online. “Airline tickets” and “books and arts” emerged as the next most sought after items, with 45% of online shoppers saying that they had frequently shopped for these items in the three months prior to when the survey was conducted. These are some of the primary findings of a survey commissioned by MasterCard Worldwide on online shopping behaviour, the results of which...

  • SA bank claims 1-million mobile phone banking users

    Absa, the country's largest retail bank, says it's one of the first banks in the world to notch up a million cellphone banking customers, prompting it to call "2009 the year for Cellphone Banking". It was the first South African bank to introduce Cellphone Banking services in the year 2000. Absa says that over the last few years there has been a surge in uptake, with up to 5000 new clients registering for Cellphone Banking each day. Absa says: “From observing the registration and usage numbers, 2009 will be the year in which Cellphone Banking develops serious traction in the market such...

  • Sequoia Capital on startups and the economic downturn

    This presentation from famous Silicon Valley Venture Capital firm, Sequoia Capital, is a must-see. It explains the effects of the economic downturn on venture capital and internet startups. The news obviously isn't good, as investors will shun typically risky online startups, unless they are entities that can turn faster, if not immediate, profits. There’s quite a bit of information on what went wrong in the economy, why the recovery is going to take some time, and what startups can do to survive. Sequoia reckon that startups without at least a year's worth of cash in the bank are in trouble....