I don’t have a lot of assumptions but we have key beliefs
- Founders can validate that their startup is venture backable on $15-50k
- Founding teams with technical founders will be more capital efficient than non-technical teams
- $100m annual revenue companies will be built by African founders within 10 years
The first bullet point is what MUST be validated in the short term and our success metric is our portfolio companies raising $500k within 18 months of our investments. It’s ambitious but if we aim for the sun and land on the moon it’s not a bad effort.