Paul Kedrosky – who spends some of his time as a Senior Fellow at the Kauffman Foundation – has a thoughtful short video (as part of the Kauffman Sketchbook series) on where entrepreneurs get their money. While it’s easy to get confused and think that VCs are the center of the financing universe, Paul reminds us that most entrepreneurial companies are funded by the entrepreneur’s savings, cash flow, credit cards, friends, and family. It’s a creative three minute video with plenty of meat to it.
Question: Is the content of this video relevant to the situation entrepreneurs face in different parts of Africa or are there some differences? Please share your thoughts on the VC4Africa Questions & Answers.