There are very few active investors on the African continent, who can claim they were there on day dot, attempting to raise funds for startups before there was any global interest. But Maya Horgan Famodu is one of them.
Attracting local investors is crucial to the sustainability of a country’s local venture capital ecosystem, but encouraging institutions to overcome entrenched attitudes towards risk can be a challenge.
All investors are in it to make money, and at some point, they are going to want to exit their investments and pay back their LPs, hopefully with a good rate of return.