ISlabs - The Genesis
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Why ISLabs was founded and how it was structured. The need for incubators and the failure of VC in South Africa
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ISlabs - The Genesis
- 1. ISLabs The Genesis justin spratt – 19 june 2009
- 4. ISLabs – Finance Continuum Chasm www.twitter.com/justinspratt www.twitter.com/islabs
- 7. ISLabs – Google Projects www.twitter.com/justinspratt www.twitter.com/islabs
- 8. ISLabs – The Team www.twitter.com/justinspratt www.twitter.com/islabs Fletch The Engineer Carps The Scientist DC The Creative The Finance Guy
Notas do Editor
- Jeff, Greg DC and I used to go to lunches and talk endlessly about our ideas…. So we decided to stop talking and do something!
- SA has idea, people and money… so what is the problem? There is a mismatch…. Money is to far along finance continuum
- SA needs more incubating…. VC hurdles are too onerous
- Islabs is a mashup of google 20% project; y-combinator and Google Summer of Code (SoC)
- Success stories of incubators
- Success stories – what happens when you don’t incubate properly… gmail, FF, adwords and adsense all started in Google 20% Project…. And Drupal is often helped within Summer of Code (SoC)