We have a mentoring and angel investing programme. We are also talking to the government to help create a VC industry.
Sentiment: POSITIVE
You need to begin to network with angels and VCs while you are still ideating. It is easier to ask someone you know for funding than a stranger. Build your financial network by attending as many industry functions and reaching out for advice from experts online.
I think you need to have a very strong angel community that is committed to mentoring up-and-coming entrepreneurs.
We worked personally with a lot of great VCs. They just work incredibly hard at supporting entrepreneurs and their companies.
I would like to see additional funding for entrepreneurial development programs.
If you want to help the poor and our next generation, make investment, reinvestment and businesses welcome.
Beware angel investors: they can be disruptive.
We are looking for development partners, people to work alongside us, which will accelerate our actually getting licences, the technology into product, into the markets.
I am a partner at CrunchFund, a venture capital firm with investments in many startups around the world. I am also a limited partner in many other venture funds which have their own startup investments.
If you're an entrepreneur, and you have a choice to go to a place where there are 250 VC firms or somewhere else where there might be one or two, you're gonna go where all the money is.
I'd been a great angel investor, but professional venture capital was clearly not the right thing for me.
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