BarakaBits
  • Business
    • Social Entrepreneurship
    • Women-Led Enterprises
    • Youth in Business
  • The Arts
    • Art & Photography
    • Books, Blogs & Poetry
    • Design, Fashion & Architecture
    • Music
    • Theater & Dance
    • TV, Film & Online Video
  • Dailylife
    • Challenge to Change
    • Discovery
    • DIY & Life Hacks
    • Food for Thought
    • Heritage
    • Travel
    • Wellness Inside Out
  • Education
    • #NeverStopLearning
    • Classroom 2.0
    • The VIP Section
  • Environment
    • Green Policy
    • Sustainable Design
    • Upcycling & Recycling
  • Science & Tech
    • Lab to Life
  • #Barakability
    • AMENA
    • Memory Bank
    • Opportunities
    • Portraits
  • Countries
  • Submit a Story
  • About Us
  • Advertise
  • Contact
Subscription Form
BarakaBits
  • Business
    • Social Entrepreneurship
    • Entrepreneurship
    • Women-Led Enterprises
    • Youth in Business
  • The Arts
    • Art & Photography
    • Books, Blogs & Poetry
    • Design, Fashion & Architecture
    • Music
    • Theater & Dance
    • TV, Film & Online Video
  • Dailylife
  • Education
  • Environment
  • Science & Tech
  • #Barakability
  • عربي
  • Business
  • Social Entrepreneurship
  • Youth in Business

Rise Up Summit 2014: 7 Inspiring Pieces of Advice for Arab Entrepreneurs

  • October 14, 2014
  • No comments
  • 2 minute read
Total
0
Shares
6
0
0
0
0
0

If there is one thing that came clear at Egypt’s Rise Up Summit held today in Cairo, is that entrepreneurs are now “hungrier and more ambitious” than their counterparts were 10 years ago.

The event, in its second edition, has brought some of the world’s most successful entrepreneurs and investors to Egypt to share their experiences and meet the emerging talents that are reshaping the Middle East. In a panel on Angel Investment, five specialists shared their advice for Arab entrepreneurs seeking investments.  

1) “Entrepreneur’s biggest mistake is focusing too much on evaluation and fundraising,” says angel investor and Endeavour board member Noor Sweid. “If an entrepreneur spends 100% of his time fundraising, who is running the business? Spending 30 or 40% of your time should be enough,” she adds.

2) Invest in a network. “Build a network that you can benefit from”, says Habib Hadad, founding CEO of Wamda. “If you have a good network, there is always somebody who will be able to help you in each and every field because they understand the issue very well”.

3) “Know your numbers. Entrepreneurs need to have a strong grasp of their customers and markets, says Cairo Angels founder Hossam Allam.

4) The team is crucial. “I don’t put much science into my decisions,” says angel investor Con O’Donnel. “I look at the team; if it is great, they’re going to find a good idea.”

5) “Don’t run after money,” the panel agreed. “You lose your goal when you run after money, build a team and come up with a good idea and you’re half the way there”.

6) Cut corners and be very creative, because there are people willing to invest. “We often see that teams fail, but the same team probably forms another company that’s even better,” O’ Donnel remarked.

7) “Stick with your gut, don’t change your pitch just to please angel investors,” added Sweid. It seems that following intuition is the best recipe for success.

The conference, which includes over 40 workshops, 16 panel discussions, four keynote speeches and several pitching events, will continue tomorrow.

For more information: Visit the Rise Up Summit website and follow the conference on twitter through #RiseUp14

6
0
0
0
Share 6
Tweet 0
Total
6
Shares
Share 6
Tweet 0
Pin it 0
Related Topics
  • #Riseup14
  • Angel investors
  • Angel investors in the Middle East
  • Arab Entrepreneurs
  • Arab startups
  • Baraka Bits
  • BarakaBits
  • Cairo Angels
  • Con O'Donnel
  • Egypt
  • Egypt Rise Up Summit
  • Endeavour
  • Entrepreneur Conference
  • Entrepreneur event
  • entrepreneurs
  • Entrepreneurs in the Middle East
  • Good News ME
  • Good News Middle East
  • Habib Hadad
  • Hossam Allam
  • MENA Good News
  • Middle East Good News
  • Noor Sweid
  • Rise Up Summit
  • startup
  • startup event
  • wamda
Valentina Primo

Journalist, globetrotter, and determined idealist. Since Valentina left her home country of Argentina, she has searched for ways to build bridges between cultures and foster dialogue. Her previous work in international organizations in Italy and Germany fed her passion for the world of development, while her 8-year journalistic experience in Argentina and Egypt increased her curiosity for everything that challenges the stereotype. She holds a BA in Journalism and a Masters in Peace Studies with a specialization in Human Rights.

Previous Article
  • #Barakability
  • Heritage
  • Lifestyle

Cairo’s Hanging Church Restored After 16 Years

  • October 14, 2014
View Post
Next Article
  • #Barakability
  • Business
  • Social Entrepreneurship
  • Women-Led Enterprises
  • Youth in Business

Saudi Woman Launches Incubator Programs for Young Entrepreneurs

  • October 15, 2014
View Post

Subscribe

Subscribe now to our newsletter

You May Also Like
View Post
  • Business

Six Reasons to Invest in Dubai Property

  • October 12, 2021
View Post
  • Business

How Does a Sharia Mortgage Work?

  • August 4, 2021
View Post
  • Business

3 Must-Haves in a Job Listing Post

  • July 11, 2021
View Post
  • Business

Here’s What The Top Debt Consolidation Companies Have In Common

  • January 24, 2021
View Post
  • Business

Socially Powerful: Global Influencer Agency Taking Over UAE

  • November 18, 2020
View Post
  • Business

The Steps of Identifying the Trading Trend

  • November 10, 2020
View Post
  • Business

Types of Psychometric Tests

  • November 4, 2020
View Post
  • Business

ADCB Hayyak: Your Modern Personal Loan Portal

  • October 16, 2020

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Trending
  • 1
    Six Reasons to Invest in Dubai Property
  • 2
    How Does a Sharia Mortgage Work?
  • 3
    Joining the Healthcare Industry with an Online Degree
  • 4
    3 Must-Haves in a Job Listing Post
  • 5
    5 Reasons Why You Should Buy a Dishwasher
Get some good news to your email

Subscribe

Subscribe now to our newsletter

Countries
Libya Yemen Algeria Jordan United Arab Emirates Turkey Iraq Syria Oman Tunisia Egypt Saudi Arabia Iran Morocco Palestine Lebanon Kuwait QatarBahrain
Stay Connected
Facebook
Twitter
Instagram
YouTube Subscribers
Categories
  • Business
  • The Arts
  • Lifestyle
  • Education
  • Environment
  • #Barakability
Company
  • About Us
  • Archives
  • Intern at BarakaBits
  • Submit a Story
  • Why Advertise With Us?
  • Contact Us
BarakaBits
  • About Us
  • Contact Us
  • Privacy Policy
  • Terms of Service
Good News from the Middle East

Input your search keywords and press Enter.