The general thought is that if you’ve got a good idea – and no one has done it just yet, or not in the way you’ve conceived it, being first to market means live or die. Here at F3FundIt we think this approach is pretty much wrong.
There are clear benefits to first mover advantage, but [...]

1 Jun 2010  Financing

Once we had the pleasure of listening to a successful entrepreneur give a talk about how he made it, and how some of his friends who also started companies were faring. Long story short we got to talking about two good friends of his who had started companies years ago. One was now a very [...]

The first paragraph of a report published by the University of Cape Town: General School of Business in 2002 reads as follows.

“South Africa is less entrepreneurial than other developing countries, a fact which could impact negatively on the country’s economic growth and job creation prospects. According to the 2002 Global Entrepreneurship Monitor (GEM), released at [...]

28 May 2010  Entrepreneurship

There’s something to be said about not listening to your teachers, and there’s something about entrepreneurs that makes them not fit the average mold. So if you happen to find yourself at the next seed _enter_name_of_competition_here_ remember one word.
.DISRUPTIVE

Sure it may be the next “synergy” but even ten years after synergy went out of  [...]

27 May 2010  Events

More often than not you will see features and ideas developed and implemented int0 products that serve no purpose whatsoever, they may be nifty little things such as a fingerprint scan to bypass the password on your mobile app, of they may be a peripheral port on an some electronics that serves absolutely no purpose [...]

25 May 2010  General Business

Y Combinator’s new 8.25 million USD fund shows that it’s funding model is definitely successful, but the question is can it transfer to other industries?
While Y Combinator may be focused on the web (and by we include mobile as the lines are ever more blurry), this new 8.25M fund shows that Y Combinator’s new approach [...]

24 May 2010  Financing

Crowd-financing is a great tool to get your project off the ground, but it takes a lot of work and can often keep you from what you should need to, or are working on – the actual business.
There are of course other forms of crowd-financing, such as crowd financed managed seed/investment funds – but the [...]

18 May 2010  Financing

On the 10th of May we covered the first part of out 10 best cities to start a company in the U.S. and today we round out the group by adding the other five.
San Diego, California
When 20+ year ago the military decided it was going to move some of its bases away from SD the city [...]

15 May 2010  General Business

Everyone has heard of the elevator pitch but who has two minutes these days? You also need to be able to explain your business idea online in a lot less time than that. So the latest version of the elevator pitch is the tweet pitch – the twitch!
So is it possible to explain a startup [...]

12 May 2010  Events

In January we covered Europe’s top 10 entrepreneurial friendly cities, today we hop across the Atlantic and visit America, and while Silicon Valley, Boston and New York may all pop into mind as the de-facto places to start, we have some very interesting revelations. Sit back, and enjoy.
Raleigh-Durham, North Carolina
Say what? Yes. North Carolina, not [...]

10 May 2010  General Business