4 ms·
I think it is a little short-sighted to see local investment as the only path to a positive outcome. Assuming employees are getting a decent equity stake then w
by azundo 9y ago
I think it is a little short-sighted to see local investment as the only path to a positive outcome. Assuming employees are getting a decent equity stake then what would be even more impactful in my opinion would be some exits that enable local staff to start angel investing and supporting the ecosystem. If there becomes a strong incentive for good talent to stay in Africa, make decent money and invest back then the fact that the current up and coming startups are backed by foreigners will matter little in the future. Overall I think the potential upside of any successful is huge and the more foreign money that can kickstart this the better.