What are some common misconceptions about finding VC in South Africa?
PVC: A common misconception is that VC is only obtainable by technology ventures. South Africa is not Silicon Valley — some of the best ideas are simple and focus on addressing emerging market needs. Very few established businesses consider VC as an option where it can be utilised as a catalyst for an aggressive growth spurt. Some people also seem to think venture capitalists will purchase an idea and run with it on their own resources, while the reality is that VC relies on the entrepreneur to execute his vision. Memeburn: Give us your take on the VC scene in South Africa at the moment? PVC: The Venture Capital (VC) market in South Africa is at an early growth stage and there are only a few players in the true VC space. We compete for deals on some level, but mostly work together to build the industry in this country. VC is becoming a more established form of investment in South Africa, and indirect factors are also assisting the positive momentum in the industry. Initiatives like Sil
