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Business Journey (How Tos)

Top startup web events Africa this week

If you have any event recommendations for us to add to the list, or next week’s, please send us an email nichole@getfundedafrica.com.  Please notify us by Friday of the week before the event. Not all the events are free and some will require booking in advance. Please click on the event names to find out more information. Career Strategy during a pandemic Covid-19 has changed our lives, in a time where most people are dealing with economic instability and job insecurity, deciding what your next career move during a pandemic is possibly the most important decision you will make in your career. Lifecheq CEO Abu Addae and Senior Consultant,...

[Opinion] 10 Tips For Entrepreneurs To Get A VC Funding Round Closed

Closing a round of venture funding is extremely hard work. Many entrepreneurs fall at the first hurdles, either making mistakes approaching investors or during their first pitch meeting. For those entrepreneurs who are invited back for a second meeting and start to engage more deeply with a VC, new challenges start to present themselves. Every round is unique. Myriad internal and external factors impact the outcome. Some things are within your control, many are not.   To give yourself the best chance of a positive outcome, here are some tips that apply to every round. Raise as early as you can. Going out to raise when you are nearly out of cash...

GFA’s Business Journey: Pitching To Win

Introduction Pitching ideas to potential or interested investors (funders) could make or break a business at a very crucial period in an enterprise’s lifecycle. Inability to do so effectively and successfully, can even prevent a business getting off the ground. A lot of information exists in the public space, and yet it seems some entrepreneurs and business people simply decide not to devote the energy, time, or effort to seek these resources out. It may also be a good idea to engage professionals who can prepare effective pitches, thus creating a higher probability of deepening interest in your investor pitch and subsequently – your business. This weekend, we...

Launch Your Innovative Venture (The Structure Of A Pitch)

Principle and objective of the pitch What is a pitch ?  The first oral presentation of your project is called a pitch. In few minutes, you must have submitted your project and have convinced your audience, in order they want to know more about it. It’s often mentioned, also as the "elevator pitch", when you have just few minutes. It's as if you took the elevator with an investor and you succeed to create its interest during the trip. In this case, you must be able to convince in less than 3 minutes. When can I tell my pitch ?  For a pitch, you can be in different situations, as you...

What Investors Are Looking For In Pitches Claiming Innovation

1. Adapt an existing product to a new use  Innovation doesn't even require technology. You may offer a different application for an existing product, a new pricing model, or a new level of support. Or find an entirely different application for an existing product. As an example, De Beers once produced only industrial diamonds, but found a market as well in engagement rings. 2. Pick a specialized technology within an existing movement Let the heavy lifting on major technology evolutions be done by big players, such as Apple or Google. Think smartphone cameras, as opposed to a new smartphone design. Within all large markets, there are many opportunities...

18 Pitching Essentials: How To Pitch An Idea To Investors (And Early Customers)

Stage 1: Understand what makes a compelling pitch “You have 90 seconds, if you’re lucky. If you can’t make your point persuasively in that time, you’ve lost the chance for impact. Facts and figures are important, but it’s not the only criteria, you must present in a manner that generates expertise and confidence.” A good pitch balances business and emotional needs. Whether you’re pitching to a company, an investor, a customer, or a potential partner, you have to hit them on both emotional and business levels. Without this, your pitch is almost certain to fall flat. A good pitch is succinct. In most cases you only have a few seconds...

[Opinion] Reasons Why Your Startup Is Still Not Getting Investment

This is probably the most discouraging thing in the startup ecosystem. You’ve got a beautiful slide-deck, passion for your work, have talked with VC’s, but you still can’t seem to get anyone to commit. After you’ve got your potential investor’s attention, there are still a few extra roadblocks that I’ve seen over the years that can be the culprits. Let’s dive in. 1. Your financing plan doesn’t make sense Investors don’t invest arbitrary amounts in startups, we invest in plans. Investors want to ensure that you have enough money to make it to your next round while executing your business plan. You’ve got to show how exactly that is going to happen and how...

Why The IFC Is Staking Big On Kenya’s Ailing Retail Sector

 At a very telling time in the retail landscape in Kenya and East Africa, supermarket chain Naivas is teaming up with some high-profile investors to strengthen its top spot in a competitive market. Judging by the kind of investors⁠—French-owned fund manager Amethis, the International Finance Corporation (IFC), Mauritius Commercial Bank (MCB) Fund and Deutsche Investitions-und Entwicklungsgesellschaft (DEG), a German Development Finance Institution—Naivas is cementing a place for itself in Kenya. On its part, the IFC picked up a minority stake in the retail chain for USD 15 Mn. The deal, which first teased in December 2019, somewhat underlines the struggles of East African retailers. Making the time...

Working from home safely and securely: Cyber security

With more people working from home now than at any other time in recent history, cybersecurity threats are increasing. Cybersecurity is a human problem: the person at the screen or keyboard is always the weakest point in any technical system. Attackers will use a set of techniques — broadly described as social engineering — to trick us into divulging sensitive information. Microsoft’s cloud services reported a 775 per cent increase in demand across their platforms when strict social isolation measures were put in place. This situation also presents opportunities for cybercriminals. Attackers have real opportunities to take advantage of the changes in our habits as we transition to working remotely,...

Business Journey (How Tos)

In this section, we discuss issues, practical tools, business modelling & identifying business opportunities to improve your funding profile and becoming attractive to funders. We call it the Business Journey (How-Tos). We are looking at What Start-Up investors look for before investing. Here we look from the point of view of an Investor, which represent great tips, advice and pointers. Here we look at excerpts from an interview with the Principal of a Venture Capital Organisation: What red flags do you look for as an investor when someone pitches you? I am always watching for customer and market orientation. If someone is enamored of their product but have a "if...