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Africa's startup ecosystem attracted over $10 billion in venture capital, but the real story is a fundamentally different model of innovation forged by constraints most Western investors have never considered, powered by demographics no other region can match.
A VC analyst at a $400M fund breaks down why she passes on 98% of the 200+ pitch decks she reviews monthly. Covers fund economics, the top 12 rejection reasons, the warm intro problem, and what the winning 2% actually get right.