Launching an Africa-Focused Venture Fund with Abe Choi
Abe Choi is a prolific angel investor and CEO of Simple Dealer. Abe has partnered with another high-profile angel investor named Olumide Soyombo to create Voltron Capital - a Pan African venture capital firm. This is our first pure VC episode in awhile and it was refreshing to hear about some of the dynamics on the venture side as opposed to the founder side.
Africa is massive. One of our first questions that we ask Abe was about how his firm expects to develop a consistent thesis for the continent, given that Africa is so large, diverse, and spread out. He helps us learn how to think about the industries primed for growth and the regions that have developed innovative hubs throughout the region. We discuss different private & public sector partnership models that are emerging and why fin-tech startups are especially booming.
Abe also contrasts investment from his firm with investment from Chinese firms or firms from Europe.
This was a live episode recording and we had other angel investors in our live audience that were supplying questions in the chat. If you would like to be notified about future live episodes, be sure to sign up for our newsletter at thedeepend.substack.com