Kevin Rooke: Imagine a startup with $12 billion of revenue, 125%+ YoY revenue growth (two years in a row), and Apple-esque gross margins (30-50%). Without knowing anything else about the business, what would you value it at? $50 billion?
About a year ago, my partner David Beisel talked about how seed fundraising is no longer a local game , and that the best entrepreneurs seek out the best investors for them outside of their home market. That being said, it’s much easier to put a seed round together when you have a local lead who can help catalyze the round.
Home » Startups » US$1.3 Billion In Venture Capital Funding Found Its Way To Africa In 2019 Venture Capital is growing and nothing proves this more than WeeTracker’s Decoding Venture Investments In Africa 2019 report. [Image source: WeeTracker Report] VC investment grew from US$725.6m in 2018 to US$1.34b – the first time it has crossed a billion on the continent.
I was in touch with a mix of academics, inventors and entrepreneurs as a student in Boston when I started my company American Patent Agency, which helps founders obtain patents on the inventions behind their businesses. While ideas were plentiful, the same could not always be said about venture capital.