Next Wave: Trading second-hand shares in African startups does not make money anymore. That’s good?
- Secondary transactions in Africa's technology space have made founders, startup employees, and early-stage investors rich.
- The secondary market in Africa is experiencing a decline in transactions due to a lack of buyers and sellers agreeing on prices.
- Investors should approach the deadlocked secondary market as an opportunity to rebalance portfolios and reassess their support for startups.
The decline in the secondary market in Africa's technology space presents both challenges and opportunities. While it may result in the destruction of some good companies, it also offers a chance for investors to reassess their strategies, rebalance portfolios, and find undervalued companies. This market correction is necessary for the growth and sustainability of the African venture ecosystem.
