By Laura Catherine Baker on July 25, 2014
InfoDev, an innovation and entrepreneurship program of the World Bank Group recently published an international guidebook on angel investing, focused on both entrepreneurs and angel investors from around the globe. VC4Africa is publishing a series of articles based on texts from this guidebook, by Laura Catherine Baker / infoDev - The World Bank Group. Read the first part below.
Why is ‘angel investing’ important?
Filling the funding gap: Entrepreneurs around the world often face funding gaps between what friends and families can offer and what banks, VCs, and private equity (PE) ﬁrms are willing to contribute.
In 2008 a WorldBank / InfoDev study showed that in developing countries, friends and family usually contribute up to $50,000, enough for an entrepreneur to get started but not enough to [...] Continue reading Angel investing in Africa’s startups: Join the movement! »