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Content:- The genesis of IS Labs- A mashup: Paul Graham’s Y-Combinator; Google’s 20% initiative and Google’s summer of code- The Start-up’s Finance Continuum - The problem with Venture Capital in South Africa
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ISLabsThe Genesis
justin spratt – 19 june 2009
ISLabs – Germination• Brainchild of Fletch
• Water-cooler chats… gazillion ideas
• IS has some of the smartest people
• We are best equipped private enterprise to help tech
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ISLabs – The Problem
SA has….
Great peopleGreat ideasEnough money
So what is the problem?
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ISLabs – Finance Continuum Chasm
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ISLabs – The Idea
Angel great, but we don’t have $
Incubator best model for IS
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Y- Combinator
Google Projects
Summer of Code
ISLabs – Y-Combinator • 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
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ISLabs – Google Projects
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ISLabs – The Team
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FletchThe Engineer
Carps The Scientist
DC The Creative
The Finance Guy
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Thanks!
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