Michael Jordaan, through his investment firm MonteGray Capital, has made investments in three tech companies so far: Multisource, Bright Black and Execmobile.<\/p>\n
Each of the three technology companies he invested in has something special to offer:<\/p>\n
These investments give some indication of Jordaan\u2019s investment strategy, and he said that he will clarify his strategy further in the next few weeks.<\/p>\n
Jordaan explained that he has been inundated with requests from entrepreneurs and founders to discuss their ventures and potential investments.<\/p>\n
As one of South Africa\u2019s most successful and respected executives the interest in Jordaan\u2019s investment firm is not surprising. However, being bombarded with meeting requests can be counter-productive.<\/p>\n
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.<\/p>\n
\u201cIn essence it will relate to risk-minimisation through the application of lean start-up principles combined with the benefit of a sound business model,\u201d he said.<\/p>\n
\u201cInvestment amounts are humble, even by venture capital standards and will range between R500,000 and R2 million for significant minority stakes.\u201d<\/p>\n
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.<\/p>\n
Michael Jordaan\u2019s new investment firm \u2013 MonteGray Capital<\/a><\/strong><\/p>\n FNB: Life after Michael Jordaan<\/a><\/strong><\/p>\n