Startup moneymakers

What sort of wealth can be created by founders when selling their startups?

16 August 2022

Brett Commaille, Hlayisani Capital

How much money do local tech founders make? The US’ wild tech roller-coaster may be over, with prices of tech stocks trending down since the beginning of the year, but locally, a number of founders may have walked away with millions, according to recent financial disclosures by several companies.

These include the acquisition in March by the Purple Group of the remaining 49% of Earle Loxton and Michael Jordaan’s EasyCrypto for R61.3 million.

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