Why the Silicon Valley-Style Investment Approach Isn’t Best for African Startups
One of the long-running tensions in the African startup investment ecosystem has been whether the Silicon Valley funding model, which seems to have been transferred wholesale to Africa’s very diverse and different tech hubs, is right for the continent’s tech hubs at this stage in their development.
With the disproportionate influence of Silicon Valley investment on Africa’s top tech hubs in Lagos, Nairobi and Cape Town, this debate isn’t going away anytime soon. And even where there are local tech investors many have adopted the expectations of their better funded American counterparts.
Photo courtesy of Christina @ wocintechchat.com.
Source: Quartz Africa (link opens in a new window)