Venture Capital ‘Backable’? 💡

I’ve reviewed over 3000 African startup pitch decks in the last 4 years. The most important question I ask myself each time is.. ⬇

‘Is this startup VC ‘backable’?’ A thread 🧵 VCs talk about ‘grand slams’, ‘moon shots’, or ‘fund returners’. These terms aren’t trivial jargon but a necessity for VC funds to succeed:

For example, in 2012, @ycombinator calculated that 75% of its Fund’s proceeds came from just 2 of the 280 startups it invested in – 0.7% 🎯