Four young scientists, accompanied by Eskom Expo’s Business Manager, Mmamoloko Rancia Riba, won their place to represent the country at the Indonesia competition, renowned…
South Africa needs patient ‘co-opetition’ between venture investors
A couple of weeks ago Ventureburn asked Marc Herson CEO of 2go what the South African startup tech ecosystem needed, especially its Venture Capital ecosystem. This ecosystem is quite young but it’s a very active one and people are getting excited about Africa. In last few months we have explored a lot on South Africa’s tech ecosystem as well some funding dilemmas that the country’s startups face. Herson, a former VC partner at Hasso Platter Ventures Africa, gave us the following response about what South Africa needs to have a healthy tech ecosystem. — Editor
A healthy tech startup ecosystem requires a continuous stream of quality new deals, together with visible examples of exits that generated outsized returns for investors. The reality is that we have few of either in South Africa at the moment.
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