Crowdfunding is an excellent initiative by Eve Dmochowska to jump-start South African tech startups.
How does it work?
The idea is simple – a bunch of people each invest R1,000 [or multiples thereof] in a pooled fund which then gets allocated to startups based on merit.
The startups get funding [clearly not too much, but enough to get [...]
Carien Engelbrecht [Director at Aurik, a South African Business Accelerator] wrote a super article on funding for startups, one I hope everyone in government and business who has ever uttered the word ‘unemployment’ will read.
Since most startups have little or no access to established financing options such as bank facilities or private equity, funding is [...]
One of the philosphies I struggled with in my formative years was from a great basketball movie, “White men can’t jump”. It went something like this:
“Sometimes when you lose you actually win and sometimes when you win you actually lose, and sometimes when you win or lose you actually tie, and sometimes when you tie [...]
Finding funding in South Africa for startups and new business ventures is no easy feat. In fact, it must be one of the most difficult tasks faced by any entrepreneur here.
Seed and venture capital is inherently very risky, meaning that it will always be relatively scarce.
Below is a short list of some South African finance [...]