African startups and tech media must find a common ground in reporting
Panel discussion at Moonshot by TechCabal in Lagos. TechCabal's journalism has received both praise and criticism.
African Founders & Investors Faced With A Disconnect Thwarting Efforts
72.2% of investors have intensified their reporting requirements over the past 18 months. Investors' preference for quarterly reports increased from 29.4% to 50% between 2023 and 2024.
40% Of Startup Founders Still Feel investors Don’t Fully Understand Their Business – Wimbart Report
40% of startup founders feel investors don't fully understand their business or market. Funding in Africa has declined by 46% in 2023.
African investors push for more frequent updates, but startup founders fear confidentiality risks
Investors want more frequent reporting from portfolio startups. Only 70.8% of investors received regular updates in 2023, increasing to 89% in 2024.
African startups and investors need better communication to stop funding drought
African startups and investors are misaligned on communication of startup progress. 88% of investors rely on information from investor reports for future investment decisions.
