November 21, 2018 IBOMLLC Team

No Silicon Valley for Africa say early stage investors

No Silicon Valley for Africa say early stage investors

Innov8tiv – Blacks In Technology in USA, UK, Caribbean Islands & Africa

There is opportunity, but it’s distinctly African say delegates from the 2018 Africa Early Stage Investor Summit.

Cape Town welcomed over 300 active and aspiring investors representing Africa’s early-stage investing ecosystem for last week’s two-day Africa Early Stage Investor Summit organized by VC4A and ABAN.

Celebrating its fifth year, the summit attracted the highest ever number of early stage African investors from 35 different countries, and more specifically 25 African nations representing 110+ investor organizations to share expertise, experiences, and fostering collaborations to bolster the ecosystem of capital provision for African entrepreneurs.

Key takeaways from the two days included:

Silicon Valley will not be replicated in Africa. Though there are lessons to be learned from the Valley, African VC faces unique constraints in scale, capital and exit opportunities. Rather than spend time ‘unicorn hunting,’ investors should push founders to build profitable, sustainable, and locally-adapted businesses.

Collaboration is required to build a thriving industry. Investors must be activists in attracting more capital and resources into African markets, especially from larger corporates, growth equity investors and development finance institutions (DFIs). More collaboration is needed in designing instruments and financing structures tailored …read more

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