SlideShare a Scribd company logo
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?
                          www.twitter.com/justinspratt
                             www.twitter.com/islabs
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
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
The Good News

• Michael Porter & Cluster
  Theory
• Examples:

   •   Bangalore
   •   Silicon Valley
   •   Detroit
   •   Wall Street
   •   Rwanda
   •   Venice



   www.twitter.com/justinspratt
      www.twitter.com/islabs
“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
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 equipped
  private enterprise to help
  tech

                                www.twitter.com/justinspratt
                                   www.twitter.com/islabs
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
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
Google Projects: Successes




                www.twitter.com/justinspratt
                   www.twitter.com/islabs
Thanks!
www.twitter.com/justinspratt
   www.twitter.com/islabs

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Altconf - Financing Startups

  • 1. Startup Financing The Financing Gap & Solution for South Africa justin spratt – 4 July 2009
  • 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. 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. 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. 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. “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. Finance Continuum www.twitter.com/justinspratt www.twitter.com/islabs
  • 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. 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. 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. Google Projects: Successes www.twitter.com/justinspratt www.twitter.com/islabs
  • 12. Thanks! www.twitter.com/justinspratt www.twitter.com/islabs