As a startup investor (and fund manager), there are themes that appear repeatedly in the dealflow submitted by startups. The entrepreneurs typically can’t see these patterns, and thus end up wasting their time repeating the same business plans that others many have tried and failed. I’ve written about this information asymmetry before and included a short list of business ideas Fledge...
On today’s episode, Luni shares about how he grows impactful companies, his work with Fledge and Africa Eats (which is formed by the graduates of the Fledge program), and why storytelling is such an important skill for any entrepreneur. Key Actionable Advice 1. One can create impact with a company by embedding the mission into its products or solutions. Like Wholefoods, the mission to provide...
An oft-repeated phrase before an economic or market-based bubble bursts is “this time is different”. A few months ago I asked what the consequences of the Federal Reserve printing $8 trillion. Best anyone can say is that the one clear result of that is a highly inflated stock market. I stumbled upon the Current Market Valuation website to find all these graphs. Above is Warren...
I saw this cartoon on Twitter and was reminded that I’ve not posted about the real purpose of business in years. A few posts on that and related topics:
The influenza pandemic of 1918-1920 killed at least 25 million people globally. Here in the United States 675,000 people are known to have died from that massive outbreak of flu. As of this last week (middle of September 2021), more people have died of Covid-19 in this pandemic. 682,000 as of today, with another 2,000 Americans dying every single day. While 675,000 is the population of a city and...
Before spinning Africa Eats out of Fledge last year, I spent a lot of time digging into the public stock markets of Africa, understanding what it means to be public on an exchange in an emerging market country. I’ve been buying and selling shares on public stock markets since the 1980s but only companies listed on the NYSE and NASDAQ. This week I can across this infographic, showing the...
I came across “All the world’s a stage” over on Substack, with the following graph: Do note that the select countries in the box are a blow-up of the bottom left corner. $11 per capita in Kenya, the hottest startup funding market in all of Africa. That made me wonder what the equivalent statistic is here in Seattle. A quick search found 2020 data from Statistica on venture...
If only people looked back into history to learn from past mistakes, the masses would stop repeating so many past mistakes. Here in 2021, it’s the ideas that vaccines are worse than the disease and that vaccines take away one’s freedom. This long tweet stream tells the story better than I could (emphasis is mine, unrolled into text and images to make it easier to read): This is a good...
I wrote a whole book walking entrepreneurs through the process of creating a simple, compelling pitch deck. Apparently most entrepreneurs don’t like to read any more than investors. To provide an alternative, The Next Step: Podcast is running a series of episodes, one slide at a time. Below is the playlist for that series and below that, the slide deck I was referring to, along with as few...
There are so many incredible stories to share at Africa Eats, the investment holding company spun out of Fledge in 2020. Here is a sampling of the type of solutions we’ve invested in. Homegrown, for-profit solutions with measurable impacts lessening hunger and poverty across Africa. For more stories, listen to The Opportunity is Africa, a podcast brought to you by Africa Eats And a note to...
