<div dir="auto">Ali, I don't understand your rant because you are agreeing with the writer 100%, that<div dir="auto">1. Money is tribal</div><div dir="auto">2. That local investors need to start investing in the Silicon Savannah.</div><div dir="auto"><br></div><div dir="auto">What he has failed to quantify is the investments that is done by local families, friends, and fools to keep local start-ups afloat. It might not be considerable, but that is all they have.</div><div dir="auto"><br></div><div dir="auto">My view would be for the tech scene to encourage, and show value proposition to contrarian investors on why they need to invest locally. My take is conservative investors will still continue investing how they know best, and where their funds are deemed safe. The Oracle of Omaha will continue investigate in Coca-Cola, Apple, IBM, Heinz, Wells Fargo, among other proven ventures, and will jump into the next big thing only after the word "next" has moved on to the next big thing</div></div><div class="gmail_extra"><br><div class="gmail_quote">On Mar 17, 2018 4:08 PM, "Ali Hussein via kictanet" <<a href="mailto:kictanet@lists.kictanet.or.ke">kictanet@lists.kictanet.or.ke</a>> wrote:<br type="attribution"><blockquote class="quote" style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex"><div dir="ltr"><div class="gmail_default" style="font-family:georgia,serif">Brian</div><div class="gmail_default" style="font-family:georgia,serif"><br></div><div class="gmail_default" style="font-family:georgia,serif">I have a very different take and attitude to this crap about foreigners being funded in Africa. I'm sorry guys. Charity begins at home. Let me put it more succinctly.</div><div class="gmail_default" style="font-family:georgia,serif"><br></div><div class="gmail_default" style="font-family:georgia,serif"><b>Money is Tribal. Money is Racist.</b></div><div class="gmail_default" style="font-family:georgia,serif"><br></div><div class="gmail_default" style="font-family:georgia,serif">Investors give money to people they trust and like. Trust and like comes with knowing someone. Product, service innovation comes later. </div><div class="gmail_default" style="font-family:georgia,serif"><br></div><div class="gmail_default" style="font-family:georgia,serif">Instead of us Africans continuously lamenting about foreign money funding foreign startups let's start with asking the Million Dollar question:-</div><div class="gmail_default" style="font-family:georgia,serif"><br></div><div class="gmail_default" style="font-family:georgia,serif">How many local Angel Investors and Venture Capital are funding African Businesses? How many of us put money in a KaPloti in Kitengela instead of funding a Startup in Silicon Savannah?</div><div class="gmail_default" style="font-family:georgia,serif"><br></div><div class="gmail_default" style="font-family:georgia,serif">That article is misplaced. </div><div class="gmail_default" style="font-family:georgia,serif"><br></div><div class="gmail_default" style="font-family:georgia,serif">My two cents. </div><div class="gmail_default" style="font-family:georgia,serif"><br></div><div class="gmail_extra"><br clear="all"><div><div class="m_-5031579577759465411gmail_signature" data-smartmail="gmail_signature"><div dir="ltr"><div><div dir="ltr"><div><div dir="ltr"><div><div dir="ltr"><div><div dir="ltr"><div><div dir="ltr"><div dir="ltr"><p style="margin:0in 0in 0pt"><b><font face="georgia, serif" size="2">Ali
Hussein</font></b></p><p style="margin:0in 0in 0pt"><b><font face="georgia, serif" size="2">Principal</font></b></p><p style="margin:0in 0in 0pt"><font face="georgia, serif" size="2"><b>AHK & Associates</b></font></p><font size="2">
</font><p style="margin:0in 0in 0pt"><font size="2"> </font></p><p style="margin:0in 0in 0pt"><font size="2"><span style="font-family:georgia,serif"><span>T<font size="2">el: +254 713 60<font size="2">1113</font></font><br></span></span></font></p><p style="margin:0in 0in 0pt"><font size="2"><span style="font-family:georgia,serif"><span>Twitter: @AliHKassim</span><span></span></span></font></p><font size="2"><span style="font-family:georgia,serif">
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<br><div class="gmail_quote"><div class="elided-text">On Fri, Mar 16, 2018 at 10:25 AM, Brian Munyao Longwe via kictanet <span dir="ltr"><<a href="mailto:kictanet@lists.kictanet.or.ke" target="_blank">kictanet@lists.kictanet.or.ke</a><wbr>></span> wrote:<br></div><blockquote class="gmail_quote" style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex"><div class="elided-text"><div dir="ltr"><div>Hi Listers,<br><br></div>This article so clearly articulates the least spoken about attribute in Africa's startup scene - but the one that affects it the most. Very good read...but it doesn't answer the question as to how to solve this issue....<br><div><div><br>
"Owners of capital dictate what gets done and who gets to do it. Currently, nearly all capital active in the African startup ecosystem is foreign."<br><br><a href="https://medium.com/@mark_65941/the-digital-scramble-for-africa-31f3e4c33e99" target="_blank">https://medium.com/@mark_65941<wbr>/the-digital-scramble-for-<wbr>africa-31f3e4c33e99</a><span style="color:rgba(0,0,0,0.84);font-family:medium-content-serif-font,Georgia,Cambria,"Times New Roman",Times,serif;font-size:21px;font-style:normal;font-variant-ligatures:normal;font-variant-caps:normal;font-weight:400;letter-spacing:-0.063px;text-align:start;text-indent:0px;text-transform:none;white-space:normal;word-spacing:0px;background-color:rgb(255,255,255);text-decoration-style:initial;text-decoration-color:initial;display:inline;float:none"><br></span> <br><br></div><div>Best regards,<br><br></div><div>Mblayo<br></div></div></div>
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