Hosts Raquel Smith and Tolulope “Tolu” Adetayo speak with Africa-focused technology venture capital investor Eloho Omame about her career; Africa’s investment potential due to its impressive scale of market and pace of growth; and what she looks for when she invests, such as the ambition and strategy of the founding team, the accessibility of the market in question, and the structure of the deal. Eloho also discusses how she co-founded FirstCheck Africa, a female-led, female-focused angel fund, and the data she’s seen that indicates female-led companies perform better.

Speakers:

Raquel Smith, Counsel, Africa Practice, Debt Finance, Emerging Companies & Venture Capital
Tolulope "Tolu" Adetayo, Law Clerk, Emerging Companies & Venture Capital
Eloho Omame, Partner at TLcom Capital LLP

In the final episode in of this three-part series, the hosts discuss good corporate housekeeping for startups in Africa, particularly the concepts of optics and risk. How well a company keeps its books and records sends a signal to investors; it is important to maintain orderly documentation of corporate governance documents such as board minutes, as well as IP assignments, and founders’ agreements, in order to be best prepared for the due diligence process.

Speakers:

Rossie E. Turman III, Partner and Chair, International Finance; Co-chair, Africa Practice
Deangeor Chin, Counsel, Africa Practice, Debt Finance, Emerging Companies & Venture Capital
Raquel Smith, Counsel, Africa Practice, Debt Finance, Emerging Companies & Venture Capital
Tolulope "Tolu" Adetayo, Law Clerk, Emerging Companies & Venture Capital

In Part Two of their discussion of the legal challenges facing startups in the African VC system, Rossie E. Turman III, Deangeor Chin, Raquel Smith, and Tolulope "Tolu" Adetayo address the topic of possible pitfalls in the way that startups allocate company ownership or capital structure issues, particularly in negotiating terms with potential investors. They explain managing the expectations investors may have regarding their potential returns, liquidation preference, or degree of control, as well as challenges arising from cross border transactions, vesting and exiting, and recordkeeping.

Speakers:

Rossie E. Turman III, Partner and Chair, International Finance; Co-chair, Africa Practice
Deangeor Chin, Counsel, Africa Practice, Debt Finance, Emerging Companies & Venture Capital
Raquel Smith, Counsel, Africa Practice
Tolulope "Tolu" Adetayo, Law Clerk, Emerging Companies & Venture Capital