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How Fast is Fast Growth in Africa?

In venture capital investing, growth is typically measured around the proverbial “10x”, as in ten-fold growth in revenues, and is typically wrapped around the unspoken norm of the ten-year lifetime of a fund. Or in short, 10x in 10 years is considered successful. In Africa, these expectations come silently along with the American and European investors, but there isn’t the decades of history to prove or disprove this benchmark, and the whole continent has produced fewer than 10 “unicorns” (vs. hundreds in America) and only a handful of successful exits, ever. This is why many of us focus on “elephants”,…
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Luni Libes is a 29+ year serial entrepreneur and investor, most recently: Fledge, a global network of impact-oriented accelerators; Africa Eats, a pan-African holding company focused on feeding Africa; Realize Impact, a public charity making it easy for anyone to make an impact investment; and The Angel Accelerator, teaching early-stage ... Read more

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