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What if Capetonians could (collectively) fund Cape Town startups?

March 19, 2014

Imagine…

(1) being able to rank all of Cape Town’s startups
(2) a crowdsourced startup ranking system
(3) a Hackathon that develops the algorithm that runs the ranking system and the app
(4) a crowdfunded private/public fund where Capetonians (Cape Town residents) could contribute towards the fund
– government matches the publicly crowdfunded portion
– private sector investors or VCs can be offered the opportunity to replace the public fund in more complex deals
– public sector DFIs can be offered the opportunity to replace the government portion of the investment
– a VC advisory panel decides which startups get funded and the amount
– the startup is allocated a retired business man as a mentor and auditor as CFO/ Advisor
(5) startup ranking applications could be submitted through a website or a mobi site or an app

…Just a thought.

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