A US VC just opened a Cape Town office – but not to write cheques to South African startups | Businessinsider

American venture capital firm Activant Capital has set up its first office outside the US and Europe, in Cape Town.

Cape Town has the people who can help it do high-level, global research to support its work elsewhere in the world, Activant says.go to www.BusinessInsider.co.zaAmerican venture capitalists Activant Capital has opened an office in Cape Town, spreading beyond the USA and Europe for the first time. In fact, it has no current plans to make any investments in South Africa, or on the continent. It is just in Cape Town because that is where it can find people who can help it with big-picture research, to support its"thesis-led" approach.

Source: News Formal (newsformal.com)

BISouthAfrica Been saying this about many VCs “coming to Africa”. Many are corporate raiders and modern day colonialist disguised as VCs coming to exploit with no intention of investing. We’ve got to vigilant there’s a lot of bad debt and bad business being sold as Venture capitalism!

Dope!

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

GEORDIN HILL-LEWIS | Cape Town can become a beacon of hope for SAThere is scope for functional federalism and Cape Town’s policing, power and rail passenger schemes prove this geordinhl We must place this at the forefront of public discussion. Cape Town and the WC can achieve substantially greater socio economic benefit for residents if it controls and manages more and more public assets such as rail, harbours, fisheries, fish farming, etc. First sort out this damn loadshedding and the killings in the WC.
Source: SundayTimesZA - 🏆 47. / 51 Read more »

Cape Town taxi driver busted at Namibia border with R2m in heroinCape Town taxi driver busted at Namibia border with R2m in heroin Northern Cape police arrested a taxi driver from Philippi, Cape Town at the Vioolsdrift Border post after they found heroin stuffed under the driver’s seat.
Source: TheSAnews - 🏆 25. / 59 Read more »

LOOK: Police in Cape Town are trying to find THIS 'baby-snatcher'LOOK: Police in Cape Town are trying to find THIS 'baby-snatcher' Have you seen this baby-snatcher?SAPS have released a photo-fit of this woman, accused of stealing a young child in Bishop Lavis last week.
Source: TheSAnews - 🏆 25. / 59 Read more »

Cop killed at Somerset Hospital in Cape Town 'carried the SAPS badge with dignity' | News24The slain policeman shot at Somerset Hospital in Cape Town on Saturday has been described as a dedicated and disciplined officer.
Source: News24 - 🏆 4. / 80 Read more »

5 weird and wonderful warm drinks to try in Cape TownSearching for a little something to keep you toasty this winter? We've found five unique warm drinks that might get you to ditch your duvet for a sip. From chaga mushrooms to butter and Mexican spices, we dare you to try these delicious wonders:
Source: CapeTownEtc - 🏆 17. / 63 Read more »

Cape Town named 'world's third-best city', but THIS blemish kept it off top spotCape Town named 'world's third-best city', but THIS blemish kept it off top spot Cape Town has been named as one of the three best cities on Earth - but there was something holding it back from first place...
Source: TheSAnews - 🏆 25. / 59 Read more »