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#69, Nnena Nkongho - Startup valuation, capital allocation and returns expectations in Africa
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My guest today is Nnena. Nnena is a Principal at Digame Investment, a growth capital investment firm that back tech-enabled businesses in Africa. Their portfolio companies include GetSmarter an online education company based in Cape Town and London that work some of the top global universities to offer premium online short courses to working professionals around the world. GetSmarter was acquired by 2U in 2017 for $103m, demonstrating that the possibilities of a successful exit.
We talked about the key difference between the venture ecosystem in Africa and the silicon valley or Europe in terms of startup valuation, capital allocation, returns expectations and timelines. We also spent the time to discuss how COVID is creating both opportunities and challenges for startups in Africa. Why execution matters in building a startup
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