ISLabs Genesis

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Content:
- The genesis of IS Labs
- A mashup: Paul Graham’s Y-Combinator; Google’s 20% initiative and Google’s summer of code
- The Start-up’s Finance Continuum - The problem with Venture Capital in South Africa

Published in: Business, Economy & Finance
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  • Jeff, Greg DC and I used to go to lunches and talk endlessly about our ideas…. So we decided to stop talking and do something!
  • SA has idea, people and money… so what is the problem? There is a mismatch…. Money is to far along finance continuum
  • SA needs more incubating…. VC hurdles are too onerous
  • Islabs is a mashup of google 20% project; y-combinator and Google Summer of Code (SoC)
  • Success stories of incubators
  • Success stories – what happens when you don’t incubate properly… gmail, FF, adwords and adsense all started in Google 20% Project…. And Drupal is often helped within Summer of Code (SoC)
  • ISLabs Genesis

    1. 1. ISLabs The Genesis justin spratt – 19 june 2009
    2. 2. ISLabs – Germination <ul><li>Brainchild of Fletch </li></ul><ul><li>Water-cooler chats… gazillion ideas </li></ul><ul><li>IS has some of the smartest people </li></ul><ul><li>We are best equipped private enterprise to help tech </li></ul>www.twitter.com/justinspratt www.twitter.com/islabs
    3. 3. ISLabs – The Problem <ul><li>SA has…. </li></ul><ul><li>Great people </li></ul><ul><li>Great ideas </li></ul><ul><li>Enough money </li></ul><ul><li>So what is the problem? </li></ul>www.twitter.com/justinspratt www.twitter.com/islabs
    4. 4. ISLabs – Finance Continuum Chasm www.twitter.com/justinspratt www.twitter.com/islabs
    5. 5. ISLabs – The Idea <ul><li>Angel great, but we don’t have $ </li></ul><ul><li>Incubator best model for IS </li></ul>www.twitter.com/justinspratt www.twitter.com/islabs Y- Combinator Google Projects Summer of Code
    6. 6. ISLabs – Y-Combinator <ul><li>Loopt (2005), mobile social networking, on all the major U.S. carrier networks </li></ul><ul><li>Scribd (2006), a Web-based document publisher, partnered with Random House </li></ul><ul><li>Xobni (2006), an e-mail software maker, was demoed by Bill Gates, a $20 million buyout offer </li></ul><ul><li>Weebly (2007), a website authoring toolmaker, 1-million-users mark </li></ul><ul><li>Omnisio (2008), an online video annotator, acquired last year by Google, circa $15 million </li></ul>www.twitter.com/justinspratt www.twitter.com/islabs
    7. 7. ISLabs – Google Projects www.twitter.com/justinspratt www.twitter.com/islabs
    8. 8. ISLabs – The Team www.twitter.com/justinspratt www.twitter.com/islabs Fletch The Engineer Carps The Scientist DC The Creative The Finance Guy
    9. 9. Thanks! www.twitter.com/justinspratt www.twitter.com/islabs

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