Female founders are imagining a world without investors
- Female founders and investors discussed the challenges of the current VC landscape at the AWS Startups Women’s Demo Day Lagos.
- This year has been the slowest for deals since the pandemic, particularly impacting female founders who already receive less than 2% of African investment.
- Founders are advised to spread their nets wide and be prepared for longer deal closures.
The current VC landscape in Africa is presenting challenges for female founders, with shrinking investor appetite and tougher funding conditions. This is further exacerbated by the slowest year for deals since the pandemic. It is crucial for founders to be prepared for longer deal closures and to explore alternative funding options. Additionally, there is a need for more indigenous funds to support startups and reduce reliance on foreign investors.
