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 them through the initial tough phase], as well as support such as mentoring to improve their chances of success.
Investors get an opportunity to invest in the future of South Africa by helping support these young startups.
I think it’s a great idea and will be taking part to see how it plays out.
Good luck to the team and the startups that take part!
So you want to build a business, hey?
What do you really want to achieve? Why do you want to do it?
Think about it. It matters.
Do you just want to get rich, regarless of whether you add value or not?
With reference to building a community [city] that supports startups and entrepreneurs, Chris Dixon had this to [...]
Startup numbers guy, and one of my favourite writers – Mark McLeod – makes a very strong case for getting your new business idea out there as soon and as much as possible – “If you love your idea, set it free”.
Mark is right. In an age where new businesses develop almost as fast as [...]
Starting an [online] business and wondering what to charge and when to charge?
You HAVE TO read this article:
Revenue and runway – why every cent matters
It might just be the difference between success and failure for your current venture.
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