It’s no secret that mobile money is the primary banking tool of choice for many Africans. This year alone, $33 billion is expected to change hands via mobile phones on the continent. That’s almost much as the GDP of Ghana
The Ventureburn Startup Survey is packed with insights, from the shifting demographics of South Africa’s startup landscape to a reaffirmation in the belief that funding is a major challenge for most entrepreneurs. The survey indicates a surge in black entrepreneurship and that just under half of all startups are created by founders in their 20s. The survey also confirms that the home of startups is the Silicon Cape, with just under 59% of all startups indicating they reside in the Western Cape.
“If we do invest, we will do it for half the price and double the equity” Tech in South Africa is interesting. We have a relatively sizeable and connected (at least via mobile) population, which makes any internet or web based service relatively accessible. We have a large English speaking population and thus can immediately download and use the latest apps and web startups churned out by Silicon Valley before they are actually “internationalised”. We also have an active financial services and c
Update: Are you a venture capitalist or an angel investor looking to invest in a company? Are you an entrepreneur looking for capital or other opportunities? Are you an aspiring startup owner looking for assistance? Well, you have come to the right place. Ventureburn presents an updated guide to South Africa’s startup scene. This article is the most comprehensive guide for anyone who wants to get involved with, or have a better understanding of, the country’s fast-growing startup space. It is a
Stuart Thomas, Matthew Buckland and Graham van der Made contributed to this article. Startup life isn’t as glamorous as it’s sometimes made out to be, according to a new survey by Ventureburn. Employees and founders of startups are often paid below-market salaries, get close to zero benefits and are subject to high-pressure environments. Moreover, just 17% of startups are profitable, with only three percent of startups making it to the sought-after venture capital investment stages. But this beg
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