7 years in KZN 5 years In Jozi the Rest in Mpumalanga. Yes you are right at night safety levels drop but i think its like that in most developed countries too.But what are you doing walking at night anyways boet? Alone nogal
> i think its like that in most developed countries too.
See that's where you lack perspective. In safe countries (like here in Australia) you can name any suburb in the country and I'll go for a stroll at 3am with no fear for my personal safety. Why? Maybe I was out drinking and I'm catching a bus home.
I doubt you need that much($40 mill) funding in SA. Look at Mxit for example do you think they need that much?
What SA needs is younger people getting in on The Techscene instead of finding safe jobs at the Banks,Lawfirms and accountancy Firms.
I doubt Twangoo will be around in SA for more than 2 years.Group buying will never catch in SA until there is one online payment system that EVERYBODY uses as well confidence in eCommerce.
PS
I read an article on mybroadband about false pricing by businesses on Twangoo.I feel that things like this will hinder the growth of the group buying model in SA.
I agree with regard to the payment gateway, but its been a very long time since I met someone who said they wouldn't use eCommerce.
Most people I know do a lot of online shopping, and I am not talking about my tech friends.
Im fresh out of Varsity(UJ) and i have done surveys (informal) at varsity ,all the people i have surveyed (black,coloured and indian) have never bought a single thing online.I ask them why and they tell me ''We dont have credit cards'',i then tell them ''but you can use bank deposits '' they still wont budge.Now if these groups of people who make up majority of the population and aslo the group with the largest buying power(Gen Y) are not buying online;this means that eCommerce in SA has a long way to go.
I personal don't even regard our eCommerce Market as having begun yet.But i do shop online now and then.
Im also working on a couple of projects and startups to address the confidence issues that the majority and youth have about the internet.
One word OperaMini. That would be +- 11million. As for credit cards forget that people dont need those to buy online.Bank Deposits work. Just like New Zealand and China. I dont own a credit card but i buy alot from the Prophecy and Sybaritic I also got Paypal linked with my FNB. Moral of the story lets stop with the Telkom and Creditcard excuses and start building shit relevant to the Whole of SA.
It depends on the type of startup, your own skills and stress tolerance level.I would support going at it alone ,if its possible to do so and circumstances permit. Whats the point of trying to get people on board as cofounders is you the only one who has the vision.Those people will not be motivated as you are and wont be so passionate.
I cant wait to tell people in about 2 years time when TSF is a household name that ''I was there when these guys only had like 160k pageviews a month and only $500 in revenue''
I don't get this mentality. I heard a lot of this sort of speak when The Social Network came out about how so-and-so was an early adopter as if they somehow made history. I could understand if you submitted your startup or tipped off TSF to help them grow, otherwise you're just another consumer, but with an overinflated ego. I'd like to coin this behavior "Backseat Entrepreneurism".
I read your comment 4 times but i still dont understand its relevance.Bragging about being an early adopter is one of those ''Guy Things'', think ''My gun is bigger then yours''
to add to that i would also say that if you dont put yourself out there,go out meet people and the ideas(in the context of this post) will flow.Sitting at the office or at home waiting ideas to flow wont help one bit.
So in short.Instead of trying to invent the wheel just invent tires. I like this approach,but its very tempting for us young entreprenuers to Invent (idea) .
Sometimes one hopes to that some fool(the last one) will fall for the cool idea and buy it while you know very well its not going to make a single dime.