Founders ask investors questions about venture capital in Africa
- The launch of 'Ask an Investor' flipped the traditional founder-VC dynamic, allowing founders to question investors.
- Founders discussed the need for African VCs to rethink their sourcing and evaluation methods, as Western models are not suitable.
- The article emphasizes the limited integration of AI in Africa, despite a trend of startups branding themselves as 'AI-enabled'.
The shift in the founder-VC dynamic is a positive development that could lead to more tailored investment strategies in Africa. However, the reliance on foreign capital and the pressure to conform to Western models may hinder the growth of a truly indigenous venture capital ecosystem. A deeper understanding of local markets and challenges is essential for sustainable growth.
