Bonus: The Biggest Lessons From Africa's Funding Winter
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Bonus: The Biggest Lessons From Africa's Funding Winter
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About this listen
The turbulent funding landscape of 2023 in Africa's startup ecosystem has underscored crucial lessons for entrepreneurs and investors. The challenges faced by growth-stage companies have prompted a shift in mindset, emphasising profitability over aggressive expansion. The need for founders to thoroughly understand the local market, focus on obtaining minimum capital for product-market fit, and adopt a measured, longer-term approach has become evident.
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