99% of companies aren’t made to receive VC funding —And That’s Fine
Fundraising in Africa
Africa's Market Explained · Tomiwa Onaleye
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Show Notes
In this episode, I have invited Collins Gilbert, Associate, Platform & Networks Team, Ventures Platform Fund, to discuss what venture capitals look out for in African tech startups before investing and how startups can position better for investments.
Some of our takeaways:
- The market size and barrier of entry of a startup can affect VC attractiveness. Founders should target investors that align with their mission and understand the market they are building in.
- Because of the currency instability in Africa, VCs are now focusing on startups with revenue in FX.
- The debt needs of startups in Africa are increasing. This means there's a potential emergence of hybrid VC models with equity and debt in the space.
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