Three companies in the United States raised more venture capital than the entire African continent in 2018. Could a lack of early-stage Angel investment be the cause?
Share to linkedin
Epic Games, Juul Labs, and Uber each attracted $1.2B, or more than twice the amount of venture capital invested in Africa.Of the 22 Africa-based funds, 41% have been formed since 2016 Startups lament a lack of capital to get them started. Venture capitalists say they would invest more in Africa if only there were more viable companies in the pipeline. A robust angel network would solve both of these problems by serving as the bridge between startup idea and growing company. And in building that bridge, angel investors may help entrepreneurship fulfill its promise as a generator of youth employment and innovative local solutions to local problems.
Angel investment could be more catalytic than institutional venture capital for the sub-Saharan entrepreneurship ecosystem. Angels tend to invest in a broader geographic scope. Research from the showed that in the US, 45% of all venture dollars are invested into San Francisco, New York, and Boston, while only 37% of all angel dollars are invested in those same three cities. Similarly, in Africa, most capital is invested in Johannesburg, Cape Town, Lagos, and Nairobi.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bar offers 'angel shot' as a code to help women flag a bartender for helpIn a New Mexico bar, a sign in the women's bathroom alerts patrons that they can discreetly ask for help in a bad situation. It's called an 'angel shot' — signaling to the bartender to help. This code word has been gaining popularity in recent years.
Read more »
An Africa wildlife preserve says an elephant hasn't been poached there in more than a yearOne of Africa's largest wildlife preserves says it's been a year since it found an elephant that was killed by poachers
Read more »
'Lucifer's Kevin Alejandro Talks Pulling Off That Dance RoutineOur favorite fallen angel has moves. 🕺🏽LuciferNetflix kevinmalejandro
Read more »
How I Shop: Lais RibeiroThe Victoria's Secret Angel and 'Sports Illustrated' Swimsuit Issue model shares the important style lesson that Adriana Lima taught her:
Read more »
How I Shop: Lais RibieroThe Victoria's Secret Angel and 'Sports Illustrated' Swimsuit Issue model shares the important style lesson that Adriana Lima taught her.
Read more »