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Africa
Joined May 2022
A strong team is not merely a support system for a startup founder; it is the foundation upon which the company's success is built, enabling it to navigate the complexities of the ecosystem.
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When partnering, focus on the particular problem you can solve and make that the main focus of your approach.
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There are 1,361 unicorns worldwide. The U.S., China, and India are leading with 666, 316, and 68 unicorns respectively. Africa has produced 9 unicorns since the presence of venture and private equity funding in the ecosystem which shows the startup scene is still growing.
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Applications for the Bezi Fellowship Program (BF2) are still ongoing. It's a 5-week cohort program with engaging sessions for first-time African startup founders and entrepreneurs to learn the ins and outs of entrepreneurship and access world-class mentors and resources needed to create and grow their startups.
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In a bid to raise funds for your startup, be careful to not give away too much too soon.
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Applications for the Bezi Fellowship Program are still ongoing. If you'd like to be in a place that helps you get your startup idea off the ground and navigate the complexities of the African ecosystem, consider applying to Bezi. Apply here - apply.bezi.build
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From July 2021 to June 2022, the big four collectively secured $4.6bn in funding. A year later, funding decreased significantly, especially in Nigeria (-77% YoY), losing the top spot to Egypt (-25%). Is this a temporary dip or a long-term trend? Source: @AfricaTBD
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As a founder, your past achievements are proof of your ability to navigate the uncertainties of startups. Have a good track record of execution.
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About six years ago, Africa did not have a single unicorn. Today, the continent accounts for about 7 startups worth over $1 billion. How many of them do you know?
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