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Masterclass on Early-Stage Financing

Masterclass on Early-Stage Financing

FromGrit & Growth


Masterclass on Early-Stage Financing

FromGrit & Growth

ratings:
Length:
42 minutes
Released:
May 4, 2021
Format:
Podcast episode

Description

Welcome to Grit & Growth’s masterclass on raising capital, featuring Zach George, general partner at Launch Africa Ventures and co-founder of Startup Bootcamp Africa. Zach provides honest, practical advice on what founders really need to focus on to attract and secure the right investors.Zach George has been investing on the African continent for over 10 years, but his advice to entrepreneurs at any stage of the funding journey — from pre-seed to Series C — is universal.After earning a master's at Stanford University, a short holiday to see the World Cup in 2010 led Zach to make Capetown, South Africa his home. Today, he is a general partner at one of the largest Pan-African specialist seed venture capital funds with $15 million in funding and investments in 50 - 60 of the largest or most prominent tech founders in the continent. So, he understands what investors are looking for and what makes founders stand out from the crowd.Top Six Masterclass Takeaways1. Ask for advice early, while you’re building the business. As the old adage goes: if you ask for advice you may get some money; if you ask for money, you may get some advice.2. Know your market and your competition really, really well.3. Articulate your value proposition. Before you even think about asking for money.4. Perform due diligence on potential investors. Know their mandate, strategy, portfolio performance, and how you can add value.5. Look for investors who add significantly more than just capital, including help with customer acquisition, recruitment, and talent sourcing. “Smart founders have learned to say no to investors that don't add any of that value.”6. Spend more time on operations than raising funds. Especially in the early rounds.Listen to Zach’s investor insights, founder advice, and capital-raising strategies to help grow and fund your own company.Resources:Launch Africa Ventures: https://www.launchafrica.vc/Zach George: https://www.linkedin.com/in/zachariahgeorge/?originalSubdomain=zaCrossing the Chasm (book): https://en.wikipedia.org/wiki/Crossing_the_ChasmStanford Seed: http://stanfordseed.co/GritSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Released:
May 4, 2021
Format:
Podcast episode

Titles in the series (74)

Meet intrepid entrepreneurs from Africa and South Asia, hear their stories of trial & triumph, and gain insights and guidance from Stanford University faculty and global business experts on how to transform today’s challenges into tomorrow’s opportunities. From securing investment and planning family succession, to mindful leadership and managing in adversity, you’ll learn firsthand from entrepreneurs and experts on how to develop the grit you need to grow your business — in times of crisis and calm. Walk away with actionable information, new perspectives, and fresh inspiration to take your business to the next level. Listeners can also take a deep dive into entrepreneurship with masterclass episodes featuring interviews with Stanford faculty and global experts. It’s a unique opportunity to hear about cutting-edge research, get practical business tips, and learn proven leadership strategies from some of the world’s leading thinkers and practitioners.Grit & Growth is brought to you by Stanford Seed, a Stanford Graduate School of Business-led initiative that partners with entrepreneurs in emerging markets to build thriving enterprises that transform lives. About The Host: Darius Teter is executive director of Stanford Seed, a Stanford Graduate School of Business-led initiative that partners with entrepreneurs in emerging markets to build thriving enterprises that transform lives. Darius has held leadership positions at Oxfam America, the Asian Development Bank and with the US Government where his experience included advising governments on economic policy, developing human rights programming, and financing infrastructure megaprojects across Africa, Asia and Latin America. All the while, he remained intrigued by the human experience and our universal drive towards growth and prosperity.