Next Wave: Do VCs still believe in VCing?
#venture capital
#investments
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It’s easy to talk about how African entrepreneurs will face more challenges with raising funding because VCs dashed (a Nigerianism for a gift, typically in cash) millions of dollars to poorly thought-out venture experiments or outright fake businesses. A lot of people like to talk about this and go on and on about it. I don’t. I intensely dislike the discussion because not only is it distracting, it is fodder for bad assumptions and priors. Priors in this sense is the statistical probability of an outcome regardless of unknowns. For me, the meaning of new reports detailing bad founder behaviour is simple. Everyone needs to grow up and stop being sheep.
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