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All posts tagged "knife capital"

  • Entered the Ventureburn Tech Startup Survey yet? Here’s why you should

    In a bid to gain a better understanding of how SA's tech startup sector works, Ventureburn -- in partnership with Telkom Futuremakers and analytics company Qurio -- has launched the 2018 Ventureburn Tech Startup Survey. The data from the survey will inform a series of articles on Ventureburn -- which will cover the challenges facing South African tech entrepreneurs -- and will be distributed to wider media and associated tech conferences. Ventureburn will also hold an event surrounding the release of the data to the country. The Ventureburn Tech Startup Survey will prove crucial in providing data on the challenges faced by South African tech startups Last...

  • What really is the secret to getting a VC deal? [Opinion]

    Most entrepreneurs dream of that moment when they get to send out that press release announcing they have struck a venture capital (VC) funding deal. It usually involves millions and millions and it’s a great moment for the startup and the entrepreneurial community. It is a rockstar moment for the entrepreneur, and a milestone for the startup. For people working at the startup it’s a sign of validation, a sign of success and a sign of growth to come. The sad reality is, however, most startups never get there. The headlines and the press releases are loud and proud and create...

  • Why I invest in teams over single founders – venture capitalist [Q&A]

    You have a great idea, now you want to get funding for your startup. Do VCs prefer investing in teams or in single founder companies? For venture capitalist and co-founder of Knife Capital Keet van Zyl the choice when it comes to investing in a startup often comes down to a startup with a team as opposed to single-founder company. Over the 12 years of Knife Capital's history -- all the deals that the VC has concluded have had co-founders. Do VCs prefer to invest in a team or in a single founder, to take your idea to market? "The fact that there is more...

  • Fund head puts lack of women angel investors down to information asymmetry

    A shortage of information around tech startups has made women sceptical of investing in early-stage businesses. So, says IDF Capital CEO Polo Leteka. Leteka -- who runs the Johannesburg based I’M IN tech accelerator -- has invested in several startups through a Section 12J vehicle (which allows investors to get tax incentives if they place amounts in such a fund, which then invests in small businesses). She did not name the 12J. She adds that her experience in investing in tech startups has mainly been developed through the accelerator which sources contributions from corporate investors and then invests these in the startups it works with. She says other than often...

  • AWS full day Cape Town event to feature pitching, deep dives, panel discussions

    Amazon Web Services (AWS) has announced that it will host a full-day event for startup founders and technical staff. The event -- which is free to startups -- will be held in Cape Town next month. AWS said the event, part of Amazon's Startup Day series will run on 13 September and was created to help accelerate startup innovation and growth. The event will feature a keynote address by AWS global startup evangelist Mackenzie Kosut, as well as speakers from Cape Town venture capital fund 4Di Capital and SA startup Custos Media and Nigerian tech company Flutterwave. Practical tips AWS startup customers like Luno, Travelstart and...

  • Hitting the high road – what it takes to join Grindstone accelerator [Q&A]

    What do you perceive as success? Is owning a lifestyle business sufficient for you? Are you prepared to make changes to your business? These are some key questions that tech entrepreneurs looking to sign up to the Grindstone Accelerator programme should ask themselves before they apply, says Knife Capital co-managing partner Andrea Bohmert (pictured above). The Cape Town based venture capital (VC) firm last week launched a call for its fourth edition of the year-long programme – which aims to assist high-growth South Africa tech startups to scale up. Applications on close on 31 August. The call was launched in partnership with management consultancy Thinkroom. Read more: Knife Capital launches fourth edition of Grindstone Accelerator programme Knife Capital launched...

  • Knife Capital launches fourth edition of Grindstone Accelerator programme

    Cape Town based venture capital firm Knife Capital has launched the fourth edition of its Grindstone Accelerator programme in partnership with Johannesburg-based management consultancy Thinkroom. Applications for the year-long programme – which aims to assist high-growth South Africa tech startups to become more “investable, sustainable and exit ready” – close 31 August. The programme’s selection process kicks off next month with an interactive Exit Readiness Workshop aimed at providing tangible information to 50 small businesses and unpacking some of Knife Capital’s exit case studies. Only 10 companies will be selected to join the year-long Grindstone Accelerator programme Thereafter, twenty companies will then be shortlisted for Grindstone’s...

  • Knowledge, networks, funding: what’s behind VC that set up Uber exit [Q&A]

    It's just days after arguably the biggest deal so far this year -- Cape Town founded company orderTalk's exit to Uber Eats. Many may be wandering how the venture capital (VC) company behind the deal -- SA's Knife Capital -- was able land such a big opportunity. While the terms of the deal -- which was announced by Knife Capital last week -- were not disclosed, Knife Capital partner Keet van Zyl confirmed at the time that the deal is "significant in terms of return on investment". Impressively, orderTalk was the final investee company to exit from the R150-million HBD Venture Capital Fund that Knife Capital managed. Knife...

  • Uber Eats acquires SA founded tech firm orderTalk for undisclosed amount

    Uber's food delivery business Uber Eats has acquired SA tech company orderTalk from Knife Capital, the Cape Town based venture capital (VC) firm revealed today (23 May). OrderTalk provides online ordering software to restaurants that integrates with a restaurant's point-of-sale system. Knife Capital's announcement was revealed in a news story by SA tech site TechCentral. The terms of the deal -- including how much Uber Eats paid Knife Capital and orderTalk in the deal -- were not been disclosed. OrderTalk was founded by Hilton Keats in 1998. Today it is based in Dallas, Texas. Uber's food delivery business Uber Eats has acquired 100% of SA tech company orderTalk Knife Capital invested...

  • Startups need at least 10x in 5 years to be good investment – VC, angel investors

    Want to get investment from an angel or venture capital (VC) investor? You're going to have be able to grow the valuation of your startup by about 50% year on year and return to investors 10 times what they invested in your company -- all in just five years. Most South African based VCs Ventureburn spoke to this month say they look to return to investors 10 times their initial investment and grow the value of an investment at about 30% to 40% per year for about five years. “To achieve 10X in five years you need to be growing at above 50% year...