I like many other investors have made a deliberate decision not to sign any NDAs and my advice to a developer would be the same for similar reasons as outlined below. Execution is far more important than the idea I like the way Derek Sivers explains, “Ideas are just a multiplier of execution” based on the following formula: AWFUL IDEA = -1 WEAK IDEA = 1 SO-SO IDEA = 5
Following are some of my favourite quotes in relation to tech startups. I have also slipped in two of my own quotes. Simplicity is the prerequisite for reliability Edsger W. Dijkstra Perfect is the enemy of good enough Orlando Pescetti Do things that do not scale Paul Graham Hire slow, fire fast Chuck Sekeres Less hustle, more grind Andy Higgins
What is a Section 12J Venture Capital Company? Section 12J Venture Capital Companies (VCC) are companies that have been approved by SARS, enabling tax incentives for retail investors when making investments into the VCC. Typically, a VCC would be structured as follows: This tax incentive for the investor is available to any taxpayer but this post will focus on individuals that are investing in their personal capacity. For an individual, if for example you earned R1 million in taxable income for a particular tax year, you would be able to invest R1 million in a VCC and not have to pay any tax in that year.
In this article I will attempt to explain how one can go about valuing a SaaS business. Software as a service (SaaS) is a software distribution model in which a third-party provider hosts applications and makes them available to customers over the Internet. SaaS is one of three main categories of cloud computing, alongside infrastructure as a service (IaaS) and platform as a service (PaaS). [TO BE COMPLETED]
It is no doubt best for you to come up with your own idea that you are passionate about however it is also possible to be successful with some one else’s idea. Most ideas are derivatives of some one else’s idea and most of the time, if successful, you don’t end up doing what you originally set out to do in any case. Ideas are just a multiplier of execution