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Why We’re Looking to Fund Stuff With More Meaning

Both Sides of the Table

Since the majority of VC returns come from a small number of deals, “obvious” investments seldom return such incredible multiples. In other words, if it seems this obvious to us then it must be this obvious to many other investors and probably to many other teams gearing up to compete.

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New report examines Africa’s growth in the digital economy and VC investment landscape

TechCrunch

The dynamics that play into this forecast, aside from the impact of COVID, include a youthful population (the youngest globally), rising smartphone adoption and internet penetration that has led to a burgeoning tech ecosystem backed by local and international VC dollars. Sectoral transformation.

VC 97
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Nigerian shared mobility startup Shuttlers raises $1.6M, plans pan-African expansion

TechCrunch

Shared transportation in Nigeria, Africa’s largest country by population, is a thriving business, at least when done the conventional way: offline. CEO Damilola Olokesusi founded Shuttlers in 2016 to address the issue of inefficient transportation costs in Nigeria’s most renowned urban city, Lagos.

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The Truth About the Scooter Economy?—?An Insider’s Perspective

Both Sides of the Table

As drivers we look out for them, as pedestrians we might be annoyed if they steer in our way but the riders themselves have developed better norms as happens in all forms of transportation. They’re not new. They’re not novel. They’re invisible. And their usage is growing. Hats off to the teams that have done this.

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Nigeria’s Plentywaka gets backing from Techstars, plans expansion to Canada

TechCrunch

Plentywaka , a Nigerian bus-booking platform, today announced that it has been accepted into the Techstars Toronto accelerator program. Due to the nature of its business, Plentywaka had to make a slight pivot and began transporting essential services across Lagos, especially food items. It also opened a logistics service.

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The 5 Types of Entrepreneurs You Need on Your Startup’s Team

StartupNation

We studied that very challenge while researching our new book, “The Entrepreneur’s Faces.” Below, we profile five of the 10 different types of entrepreneurs we discuss in our book, and why these are the key people you want on your side from the start. We found that new ventures require radically different talents and skills.

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Freightify lands $2.5M to make rate management easier for freight forwarders

TechCrunch

Freightify , a startup that refers to itself as the “Shopify for maritime freight,” provides white-label rate management and e-booking tools that freight forwarders can use to set up online stores, reducing the time they need to spend on administrative work. The startup announced today it has raised $2.5

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