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  • 18 SA gaming startups you should know about [Digital All Stars]

    Digital All Stars is a series of 24 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. The All Stars listed in the articles are compiled using a combination of our editorial team’s own knowledge and that of experts in the fields covered by each article. Gaming development has been growing in South Africa over the years and is growing into a multi-million Rand industry. There is a large community around game development, with groups such as MakeGames SA...

  • Company Office

    How to find a strong mentor to guide you to business success

    Why every entrepreneur needs multiple mentors… While the challenges of being an entrepreneur have been well-documented, reports often fail to describe the feelings of self-doubt, loneliness and isolation that tend to plague aspiring entrepreneurs at every stage of their journey. No amount of angel funding, slick technology or strategic business consulting can really assuage the feelings of doubt that accompany starting a brave new enterprise. Yet this is where strong mentorship can play a critical role – and in fact can prove to be far more valuable than landing an investment deal or angel fund backing. Mentors can keep tired...

  • 5 reasons your startup should consider an online loan

    "Banks loan money to businesses that can prove they don't need to borrow the money." This statement is an adage for a reason. Traditional brick-and-mortar bank lending can be inflexible and hard to attain. When you consider that a US$10 000 loan and a US$10-million loan cost roughly the same amount to administrate – with the latter providing significantly greater profit – it's not hard to guess why banks tend to invest in large corporations rather than small businesses. For years, small businesses that didn't qualify for funding had to rely on credit cards or bootstrapping. Then came online and platform...

  • SA on entrepreneurial decline, says latest Global Entrepreneurship Monitor report

    The latest Global Entrepreneurship Monitor (GEM) report for South Africa says entrepreneurs in the country have declined during 2015 to 2016. According to the report, entrepreneurial intentions in SA have almost halved when compared to 2010 and are 3.6 times lower than the African average. Since 2014, there has been an 18% increase in creating startups out of necessity. This is due to SA's poor economic growth and high unemployment rates, according to the GEM report. Entrepreneurs in 2015 are four-times more likely to anticipate making no contribution to job creation. Due to unprofitability or problems in accessing finance to sustain the business,...

  • Payroll fraud could be hurting your startup, here’s how to fight it

    Payroll fraud is more endemic than many business owners realise, and this problem is not exclusive to small and medium enterprises (SMEs). The 2016 ACFE Global Fraud Study revealed that 12% of fraud detection in small business came from an internal audit, whereas in larger enterprises this was 18.6%. For SMEs the detection of fraud is less frequent than larger organisations, however, it is still a high statistic to ensure companies are aware of the risks. One of the biggest tips for small business owners is to become suspicious if a member of your payroll department never goes on leave, arrives...

  • SID Instant EFT launches next version of its payment solution

    Startups with ecommerce stores may want to consider EFT payments for their products. Transaction gateway company SID Instant EFT has announced a new version of its solution. The new system -- dubbed SID 2.0 -- allows for compatibility across more devices and a responsive design. Customers will also no longer have to longer have to download the SID application in order to complete a transaction. "Together, our goal is to provide the SID payment service to each and every e-commerce website in South Africa. Ultimately, this will ensure that South African consumers always have a secure payment alternative available to them when...

  • Airbnb for home dining raises seed funding to build up its global community

    Singapore-based BonAppetour, an ‘Airbnb for home dining’, has raised a seed round worth US$500 000, it announced today. The investment comes from entrepreneur and investor Wong Toon King and telecommunications infrastructure contractor firm Prasetia Dwidharma. BonAppetour helps travellers find local hosts who invite them to enjoy home-cooked meals. It adds an online social layer to having people over for dinner and gives visitors a chance to connect with a local culture through food and hospitality. The startup was founded in 2013 and started building a community in tourist havens across Europe, such as Paris, Rome, and Barcelona. The team curates its...

  • Former Konga VP Gabriel Gab-Umoden on his latest venture, Legend.ng

    Gabriel Gab-Umoden isn’t new in Nigeria’s tech space. Having served as a Vice President at ecommerce company Konga, Gabriel knew what the potentials of the ecommerce sector in Nigeria are but he surprised the industry when his next venture had absolutely nothing to do about ecommerce and was opposed to the norm in the ecosystem in Nigeria where tech companies start in Lagos before going elsewhere. His new venture, Legend, is a trifecta offering Premium cable TV entertainment, unlimited Internet access, and local and international voice phone calls – all on the same wired network. He speaks to Ventureburn on...

  • Here are the 10 Cape Town startups pitching at Seedstars World

    It's that time again when international startup competition Seedstars World starts its pitching rounds. The first event is taking place on 27 May in Cape Town with ten pre-selected startups. The startups will be pitching to a panel of judges where the top three startups will be decided. These companies or individuals will take part in the final SA round in Johannesburg where they will be pitching against startups from Durban and Soweto Standard Bank will be helping to support the competition. "In order to provide local entrepreneurs with this opportunity and aiming to deliver the best possible event, Seedstars World is...

  • Entrepreneurs, want to know how Amazon founder Jeff Bezos started out? [infographic]

    It's not easy starting one of the world's largest ecommerce stores, especially if you don't know how to. Amazon founder and CEO Jeff Bezos didn't just become an overnight success, he had to work towards his goal. In an infographic on Funders and Founders created by Anna Vital, Bezos's story is detailed from early life, to his Princeton education, and even his co-founding of a newsletter startup. The page also includes some additional paragraphs on the Amazon man himself, such as him being a "person of method," and his creation of the Regret Minimization Framework. You can read the full article here. For...

  • BREAKING: New VC fund hits SA tech space

    The South African venture capital (VC) space is heating up, with the latest entrant, Niveus Ventures, announced on Tuesday. The entrepreneur-led fund is backed by Niveus Investments, a subsidiary of Hosken Consolidated Investments (HCI:Johannesburg), and is aimed at African tech startups looking to go global. According to a press release sent to Ventureburn, the fund will provide entrepreneurs with financing that fills the gap between angel funding of less than R1 million, and capital from listed firms or private equity groups that range between R100 - R200 million, which is typically difficult for a younger business to secure. Heading up the team...