Brett Commaille, partner at South African VC firm Hlayisani Capital, agrees that an introduction from someone you know carries significant weight. It is necessary to find a balance between being at events, actively seeking startups to invest in, and doing desk research. Otherwise obviously you’re not going to do your job.”How actively a VC engages in sourcing startups depends on the stage of the fund. “So it’s been a good amount of time actively sourcing and meeting different companies. About 60 per cent in terms of building the pipeline and sourcing, and 40 per cent of our time is spent on managing the portfolio.”

Source: The North Africa Journal December 26, 2023 06:41 UTC