In this episode of GFA-Attract, GetFundedAfrica’s Co-Founder, Debo Omololu discusses with Simon Tkachenko, a New-York based Venture Capital Principal at Modus Capital. Modus Capital is a $75 million fund focused on North Africa and the Middle East. Simon is a football fan (soccer to Americans) and supports Tottenham Hotspurs from the English Premier league.
In this episode, you will learn:
- Simon’s views on the key factors affecting venture capital investments in Africa.
- Importance of Government policies on ease of doing business.
- What needs to be done to get more venture capital investment in Africa
- Why Simon thinks small and medium sized businesses need some handholding in order to get investor ready
- How there is a lot of money available for investment, but not enough African startups to channel the funds.
- Simon’s thoughts on the importance of organizations like GetFundedAfrica to provide courses to help develop investor-readiness for entrepreneurs (see GetFundedAfrica’s online courses).
- Why venture capital firms check the World Bank’s Ease of Doing Business Index in deciding the countries to invest in.
- The average size of investments made by Modus Capital
- Growing number of mental health startups
- How blockchain is becoming more important in COVID times.
As always you can subscribe to GetFundedAfrica’s YouTube Channel or follow GetFundedAfrica on LinkedIn for this and other interviews.
If you are a venture capital investor and you would like to be featured on our video podcast, send us an email nichole@getfundedafrica.com
