The NITA Bill is still a draft. It has not passed Parliament. That means there is still time. But if it passes as written, it will be one of the most damaging things Ghana has done to its own tech sector. Here is why this is personal for me:
"Realism is not pessimism. It can be optimism, with a sense of reality intact" - @ido_sum
https://t.co/FKQX9HnLeP
Well written piece sharing thoughts on Africa's VC ecosystem #AfricaTech#VC#AfricaVC
Series A and B markets are strange right now. It is harder than ever to raise, but the few companies that do are raising very large rounds at higher valuations. A and B volume is way down while median valuations are way up.
This would seem to indicate the market is getting better at picking winners. I do not think that is true. Picking winners in AI is harder today. Moats are weaker, switching costs are lower, and most teams build on the same base models.
What is really happening is capital concentration. Funds have a lot of dry powder and very few companies they feel confident backing, so they pile big dollars into the small group that builds early consensus. It looks like conviction, but it is really scarcity and FOMO.
Capital can help, but it is not a moat. The companies breaking through the filter have more leverage than ever. The ones that do not may simply be on the wrong side of a distorted market, not lacking long term potential.
Anyone w/ money can write a cheque. Optimize for investors who bring more than capital; those who add real strategic value.
The right deal is one that gives you capital to grow while preserving your ability to lead and scale the business over time.
[...] financing gives you growth capital without dilution. For biz tied to inventory, supply chain financing can unlock working cap sitting in receivables. If your biz has social impact, blended finance where concessional capital de-risks private investment can be catalytic.
Fundraising is not a one size fits all. It starts with matching your capital to your strategy. If you’re chasing speed and scale, venture capital fits. It’s expensive money, but it buys you time and ambition.
If you have predictable cash flows, debt or revenue-based [...]
Anyone w/ money can write a cheque. Optimize for investors who bring more than capital; those who add real strategic value.
The right deal is one that gives you capital to grow while preserving your ability to lead and scale the business over time.
When negotiating financing terms, founders should think beyond just valuation & focus on what terms mean for long-term flexibility & ctrl. Imp to understand how liq pref, board rights, & investor vetoes can affect your ability to make decisions or raise future rounds.
When negotiating financing terms, founders should think beyond just valuation & focus on what terms mean for long-term flexibility & ctrl. Imp to understand how liq pref, board rights, & investor vetoes can affect your ability to make decisions or raise future rounds.
[...] financing gives you growth capital without dilution. For biz tied to inventory, supply chain financing can unlock working cap sitting in receivables. If your biz has social impact, blended finance where concessional capital de-risks private investment can be catalytic.
Fundraising is not a one size fits all. It starts with matching your capital to your strategy. If you’re chasing speed and scale, venture capital fits. It’s expensive money, but it buys you time and ambition.
If you have predictable cash flows, debt or revenue-based [...]
Fundraising is not a one size fits all. It starts with matching your capital to your strategy. If you’re chasing speed and scale, venture capital fits. It’s expensive money, but it buys you time and ambition.
If you have predictable cash flows, debt or revenue-based [...]
Hi Lagos friends, I’ll be joining Moonshot 2025 to speak at the session “Financing Models that Support Scale in Commerce”, exploring how capital, tech & ecosystem partnerships unlock growth
📍Eko Convention Center, Lagos
📅15–16 October 2025
#MoonshotbyTechCabal#AfricanTech#VC
Another year, another chance to do something meaningful. Africa Week returns this November at the beautiful Norrsken House in Kigali.
🌍 Africa/Week 2025
📆 November 20 - 21
📍 Norrsken Kigali
Register here > https://t.co/Wx6M0ZPeVL
#AfricaWeek#Kigali#VC