Government must promote venture capitalists through incentives, say stakeholders
With the unprecedented lull that has engulfed the nation’s capital market in the past few years, stakeholders have underscored the need for government to promote venture capitalists with tax incentives and favourable business environment to boost businesses in Nigeria. Venture capitalists focus on start-ups, and invest in companies that have maximum growth potential, while…
Why venture capitalists ask for ‘The Nigeria discount’
Many years ago, I was sitting inside an investor’s office in Redwood City in Silicon Valley, and he asked me a question that threw me off-guard. He wondered if the returns on real-estate in Africa were not better than the returns on startups? His family had bought a lot of land in Tanzania for farming,…
VCs put $110 million into grammar-checking software
Venture capitalists want a piece of just about anything involving artificial intelligence, whether it’s computers learning to drive or helping people shop for clothing. The latest to get a sizable investment is a startup looking to use AI to improve people’s grammar.