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Silicon Cape Study: The state of SA's tech startup industry

THE STATE OF SOUTH AFRICA'S TECH STARTUP INDUSTRY IN 2012 THE SILICON CAPE INITIATIVE RAN A SURVEY TO ASSESS THE NATURE OF SOUTH AFRICA'S TECH STARTUP INDUSTRY. HERE ARE SOME OF OUR KEY INSIGHTS IN 4 CATEGORIES PEOPLE SECTORS FUNDING MINDSET STARTUP PEOPLE MALE/FEMALE RATIO HIGHEST EDUCATION LEVEL High School 10% College 20% University 34.5% 80% 20% Post-Graduate 35.5% STARTUP SECTORS THE 7 LARGEST SECTORS REPRESENTED BY THE TECH STARTUP INDUSTRY 2 BUSINESS COMMUNI- MOBILE ADVERTISING CONSUMER SEARCH PAYMENT APPLICATION CATION ONLINE STARTUP FUNDING SOURCES OF FUNDING SOURCES OF REVENUE Self-financed 60% Product or service subscription 52% No funding received 26% Consultation or bespoke work 40% Unknown 11% Sales to advertisers 14% Angel investment 9% Once off sale of a product 13% Family & friends 8% Commission 12% Venture capital 8% Other 11% Bank loans 2% Sale of license to product 10% ABOUT 25% OF STARTUPS ABOUT 50% OF STARTUPS RECEIVE FUNDING FROM MORE THAN ONE SOURCE GROW REVENUE IN MORE THAN ONE WAY STARTUP MINDSET INDIVIDUALS INVOLVED IN MORE THAN ONE STARTUP It's in the market already Plans to do so soon 14% 15% It's in product Not involved in a development second startup 17% 26% It's in conceptualising 28% THE TOP 7 PERCEIVED CONSTRAINTS To SOUTH AFRICAN ENTREPRENEURS 3 ACCESS TO ENTREPRE- BANDWIDTH ACCESS TO MARKET SIZE ACCESS TO LEGAL FUNDING NEURIAL TECHNICAL MENTORS BARRIERS CULTURE SKILLS & SUPPORT ENTREPRENEURS' FEELINGS ABOUT THE FUTURE OF THEIR BUSINESSES 55% "VERY EXCITED!" "LOOKS GOOD" 35% 5% "SAME, SAME" "NOT TOO GREAT" 4% "DISASTER WILL STRIKE" 1% SILICON CAPE INITIATIVE HELP US DEEPEN OUR KNOWLEDGE OF SOUTH AFRICA'S STARTUP INDUSTRY FILL OUT OUR SURVEY NOW Where Technology Meets Africa bit.ly/SCsurvey2013 created by @jojochevo www.siliconcape.com

Silicon Cape Study: The state of SA's tech startup industry

shared by rogernort on Mar 13
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These are some results form a survey done by the Silicon Cape initiative on the state of SA's tech startup scene. (part 1/3)

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