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as much as Africa is not a country, it's absolutely crucial to be able to scale across borders to be able to achieve VC returns here. In Africa, if you stay in
by majani 9y ago
as much as Africa is not a country, it's absolutely crucial to be able to scale across borders to be able to achieve VC returns here. In Africa, if you stay in one country with an idea that's not a basic need you have very little chance of doing over $500k in revenue.
- DrJid 9y agoYup! In the exact same way that not many EU countries would realistically operate within 1 single country if they are VC funded. Just like EU VC funded companies, The african based companies inherently have to think on a global scale on the onset. Unlike in the US/China where it's okay to be US/China only
- KGIII 9y agoWhy? $500,000 isn't too bad, if you only had to invest your share - which might only be $5,000. The numbers are smaller, but the percentages may be greater. The number of chances to invest may also be greater, as they will have fewer services already in place. I don't see that they'd need to worry about international markets. At least not initially.
- grecy 9y agoI can tell you have never been. Checkout Nigeria, Namibia, South Africa. These are powerhouses.
- mc32 9y agoNigeria, South Africa check out. Namibia?