Startup Financing
      The Financing Gap
  & Solution for South Africa




        justin spratt – 4 July 2009
South Africa
SA has….

Great people
Right Culture
Great ideas
Enough money

So what is the problem?
                      ...
Context: Recession

• Global mainly

• U versus V

• SA should be out be early
  2010

• But 3.5% growth wont solve
  our ...
Context: Poor
Fundamentals

• Government wont solve our
  problems

• Enablement can help

• Intervention by private
  bus...
The Good News

• Michael Porter & Cluster
  Theory
• Examples:

   •   Bangalore
   •   Silicon Valley
   •   Detroit
   •...
“All we need is deal
  flow for VC and
   Angel to start
   working… I am
 coming back soon
 to help with this”

  Vinny L...
Finance Continuum




           www.twitter.com/justinspratt
              www.twitter.com/islabs
ISLabs – Germination

• Water-cooler chats…
  gazillion ideas

• IS has some of the smartest
  people

• We are best equip...
The Idea: A Mashup

Angel great, but we don’t have $

Incubator best model for IS



                              Y- Comb...
Y-Combinator: Successes
•    Loopt (2005), mobile social networking, on all
    the major U.S. carrier networks

•   Scrib...
Google Projects: Successes




                www.twitter.com/justinspratt
                   www.twitter.com/islabs
Thanks!
www.twitter.com/justinspratt
   www.twitter.com/islabs
Upcoming SlideShare
Loading in...5
×

Altconf - Financing Startups

1,004

Published on

The Financing gap for tech startups in South Africa and how we can solve it... and startups as the solution to upliftment

0 Comments
1 Like
Statistics
Notes
  • Be the first to comment

No Downloads
Views
Total Views
1,004
On Slideshare
0
From Embeds
0
Number of Embeds
3
Actions
Shares
0
Downloads
14
Comments
0
Likes
1
Embeds 0
No embeds

No notes for slide

Altconf - Financing Startups

  1. 1. Startup Financing The Financing Gap & Solution for South Africa justin spratt – 4 July 2009
  2. 2. South Africa SA has…. Great people Right Culture Great ideas Enough money So what is the problem? www.twitter.com/justinspratt www.twitter.com/islabs
  3. 3. Context: Recession • Global mainly • U versus V • SA should be out be early 2010 • But 3.5% growth wont solve our problems! www.twitter.com/justinspratt www.twitter.com/islabs
  4. 4. Context: Poor Fundamentals • Government wont solve our problems • Enablement can help • Intervention by private business is critical www.twitter.com/justinspratt www.twitter.com/islabs
  5. 5. The Good News • Michael Porter & Cluster Theory • Examples: • Bangalore • Silicon Valley • Detroit • Wall Street • Rwanda • Venice www.twitter.com/justinspratt www.twitter.com/islabs
  6. 6. “All we need is deal flow for VC and Angel to start working… I am coming back soon to help with this” Vinny Lingham, June 2009 www.twitter.com/justinspratt www.twitter.com/islabs
  7. 7. Finance Continuum www.twitter.com/justinspratt www.twitter.com/islabs
  8. 8. ISLabs – Germination • Water-cooler chats… gazillion ideas • IS has some of the smartest people • We are best equipped private enterprise to help tech www.twitter.com/justinspratt www.twitter.com/islabs
  9. 9. The Idea: A Mashup Angel great, but we don’t have $ Incubator best model for IS Y- Combinator Google Projects Summer of Code www.twitter.com/justinspratt www.twitter.com/islabs
  10. 10. Y-Combinator: Successes • Loopt (2005), mobile social networking, on all the major U.S. carrier networks • Scribd (2006), a Web-based document publisher, partnered with Random House • Xobni (2006), an e-mail software maker, was demoed by Bill Gates, a $20 million buyout offer • Weebly (2007), a website authoring toolmaker, 1-million-users mark • Omnisio (2008), an online video annotator, acquired last year by Google, circa $15 million www.twitter.com/justinspratt www.twitter.com/islabs
  11. 11. Google Projects: Successes www.twitter.com/justinspratt www.twitter.com/islabs
  12. 12. Thanks! www.twitter.com/justinspratt www.twitter.com/islabs
  1. A particular slide catching your eye?

    Clipping is a handy way to collect important slides you want to go back to later.

×