Startups & Venture Capital

Yes To Venture Capital, But Count The Costs

With the recent DBJ Venture capital conference, there has been renewed interest in the venture capital market in Jamaica, and a lot of effort is behind the establishment of same. In her weekly Sunday Gleaner column, Yaneek Page considers the Good, Bad And Ugly Sides of Venture Capital, a must read for those who want to quickly get up to speed with what’s at stake. Continue Reading

News Ticker, Startups & Venture Capital

Chocolate Dreams Launches Ambitious Kickstarter Campaign To Raise US$50,000 (J$5m) Online!

Chocolate Dreams Kickstarter Campaign

Already 10 days into their 30 day campaign, Chocolate Dreams has managed to raise US$645 of their ambitious US$50,000 goal – that’s a little over 1%. We don’t think it’s impossible though, and so we’re very hopeful for the success of this campaign. Certainly, it would have been nicer to see them even closer to US$1,000 or US2,000 but let’s hope that the campaign will soon pick up steam. Continue Reading

Business Insight, e-Update, Startups & Venture Capital

Big Venture Capital Conference Today! What Do You Know About VCs?

DBJ Venture Capital Conference - September 9, 2013

The day that we have been waiting for has finally come. Today will be the continuation of Jamaica’s efforts to establish its venture capital market, and it promises to be an exciting day as the Development Bank of Jamaica’s Venture Capital conference is finally here! Being promoted for some weeks now (as a major conference with financial heavy-weights), this conference will offer a BIG opportunity to prospective startups (young companies), government officials, investors and the private sector to network, air their views and put their shoulders behind getting this sector started once and for all.

Continue Reading

e-Update, Startups & Venture Capital

QUESTION: Who and Where Are The Business Incubators or Venture Capitalists In The Caribbean?

I have a business idea, heck I’ve already started the business, and I’ve done some planing and the ground work. But I’ve come to a place where I’m thinking that if I get some support then I definitely could take my business to the next level, faster.

Are there any business incubators, venture capitalists, or similar people in Jamaica or the Caribbean? Also do you know of anybody who will listen and validate a business idea and give concrete feedback and constructive next steps?

Who are they and where can I find them?

Startups & Venture Capital

One Almost Fatal Mistake A Young Business Can Make In The Early Stages…

Mistakes I've made

Not reaching out for help. Not having a sound support system. Not getting enough advice and feedback. Not doing enough research.

Having a good team of advisors, even friends or family that can act as a sounding board is always highly recommended. Get advice.

Startups & Venture Capital

On The Ground News Reports Touts US$2 Million Valuation, But Lacks Real Content And Revenue To Back It

It may have missed a lot of us. It certainly missed me, until a friend asked me if I heard the story about On the Ground News Reports touting a J$200 million (US$2 million) valuation, based on future earnings. Continue Reading

Startups & Venture Capital

Furniture Company, Mekyah Manufacturing Eyes Exporting To the Region

Montego Bay-based furniture maker Mekyah Manufacturing is looking to export in the region.

The company also plans to triple its workforce, moving from 20 employees to 60, by year-end.

Established in 2011, Mekyah manufactures a wide variety of stylish, high-quality furniture, Including modern outdoor daybeds, dining sets, sofa and seating sets, and bar sets at its 8,000-square-foot-state-of-the-art facility located in the Montego Bay Free Zone.

The directors, include Rita Humphries-Lewin, chairman of Barita Investments; Carlton Barclay, deputy general manager, Jamaica National Building Society; Vanceta Ramsay, an investment banker; and Leesa Kow, general manager, Jamaica National Money Services, attorney Gordon Brown, and himself.

Business Insight, News Ticker, Startups & Venture Capital

Fly Jamaica (The Other Local Arline) To Take Off This Week, January 25th

Plans to Operate as a Standard Airline

The Jamaica Observer reports;

NEW local airline company Fly Jamaica will make its first commercial flight on January 25 — from the Norman Manley International Airport in Kingston to JFK Airport in New York. Continue Reading

Business Insight, Startups & Venture Capital