Listen as a podcast: Apple • Google • Amazon
Want more? Visit Fledge and Africa Eats.
How I started Fledge and Africa Eats
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Listen as a podcast: Apple • Google • Amazon
Want more? Visit Fledge and Africa Eats.
I’m publicly bullish on Africa (1, 2, and 3). I foresee the continent being the next big economic growth story after the Asian Tigers, China, and India. On the path are some major continental-scale efforts, including the potential creation of the East African Federation, a political union of the existing East Africa Community trading group: Kenya, Uganda, Tanzania, Rwanda, Burundi, and...
Last week I wrote about the ancient system of Bills of Exchange and how useful they were for sellers to get paid sooner than 30, 60, or 90 days after the sale. A 21st Century systemic solution to replicate these benefits would be a marketplace that sells and trades Future Dollars (denoted as F$). A future dollar is a promise to deliver a real dollar ($) in a specific number of days. With this...
Most startup investors chase mythical unicorns, ignoring the real, fast-growing elephants. What do I mean by fast-growing? 50%-100% year over year, with an occasional 3x or 5x or 9x growth spurt to kick that off: Above are four such companies, all fledglings, all now part of Africa Eats‘ portfolio. Four companies that earn over $1 million per year, which solve real problems, and with that...
300 YEARS AGO, when the British Empire was still growing, the first wave of global trade was powered not only by the Pound Sterling, but by trades in Bills of Exchange. How did traders from London buy tea in India, porcelain in Hong Kong, or silks in Singapore? They didn’t haul cases of silver and gold in their outbound ships, trading coins for goods. They had to do that when global trade...
Over at The Angel Accelerator I’ve been teaching new startup investors the history of venture capital. It’s one of those industries that feels like it’s been around forever, maybe inherited from the Roman or British Empire, but in reality, in its modern form, was created in my grandparents generation, after my parents were born, and wasn’t a mature, robust, big industry...
