Michael Jordaan, through his investment firm MonteGray Capital, has made investments in three tech companies so far: Multisource, Bright Black and Execmobile.
Each of the three technology companies he invested in has something special to offer:
- Multisource offers a range of services, including next wave networks working with Google and Microsoft;
- Bright Black are specialists in green solar power;
- Execmobile have reduced international data roaming costs by 90%.
These investments give some indication of Jordaan’s investment strategy, and he said that he will clarify his strategy further in the next few weeks.
Jordaan explained that he has been inundated with requests from entrepreneurs and founders to discuss their ventures and potential investments.
As one of South Africa’s most successful and respected executives the interest in Jordaan’s investment firm is not surprising. However, being bombarded with meeting requests can be counter-productive.
Jordaan said that he will be posting a strategic filter for investments in the next few weeks to avoid wasting the time of those seeking investments.
“In essence it will relate to risk-minimisation through the application of lean start-up principles combined with the benefit of a sound business model,” he said.
“Investment amounts are humble, even by venture capital standards and will range between R500,000 and R2 million for significant minority stakes.”
Jordaan said that apart from providing capital incrementally, he hopes to be able to add value to startups that need access to a customer base by linking them to the 6.5 million active Mxit customers.