One of the first things you’ll realize/hear when you start to work in venture is that there are multiple ways to win. Styles of investment, pace, and ways of working all differ from firm to firm as well as from investor to investor. Some investors/firms are thesis driven - they dive incredibly deep on narrow view points of the world. They collect data, talk to experts, and conduct primary research to develop a differentiated viewpoint on a macro theme they see occurring. Some investors/firms are network driven - they cast a wide but curated net that allows them to develop relationships and reputations that reinforce their ability to identify the strongest potential opportunities. Regardless of the intended focus, my belief is that a lot of investors/firms fall somewhere in between. That being said, I’m starting to notice a trend at the earliest stages of venture capital. There are now multiple new to new-ish firms at the pre-seed - Series A level taking what I like to call the “index approach” pioneered by
Thanks for sharing, Dez! I subscribed not long ago and I enjoy the work you are doing.
I'm an Included VC Fellow based in Nigeria. My undergrad thesis is an exploration of the regulatory framework for VC in Nigeria while comparing it to the US and China with an attempt to recommend laws and policies that will drive VC funds here.
While I'm new to this space, I can tell you African VCs have been calling the shots for a long time. However, ever since the competition became more intense in the US and Europe, these foreign firms started looking our way. You can tell by how much more capital these African startups are raising as seed funds.
I hope this influx of foreign funds drive African VCs to step up their game. If not, foreign firms will keep getting the juiciest deals.
Thanks for sharing, Dez! I subscribed not long ago and I enjoy the work you are doing.
I'm an Included VC Fellow based in Nigeria. My undergrad thesis is an exploration of the regulatory framework for VC in Nigeria while comparing it to the US and China with an attempt to recommend laws and policies that will drive VC funds here.
While I'm new to this space, I can tell you African VCs have been calling the shots for a long time. However, ever since the competition became more intense in the US and Europe, these foreign firms started looking our way. You can tell by how much more capital these African startups are raising as seed funds.
I hope this influx of foreign funds drive African VCs to step up their game. If not, foreign firms will keep getting the juiciest deals.
Also! How does one find you on LinkedIn?