TLDR:
- Oui Capital launched its second fund for African founders
- Investing in Africa is tough due to structural challenges
Two years ago, Oui Capital, a Nigerian VC firm, launched its second fund for African founders, with one of their earliest investments being Moniepoint, a company led by Tosin Eniolorunda. Olu Oyinsan, Managing Partner at Oui Capital, emphasizes the importance of having a sprinkle of delusion to succeed as a founder, highlighting the challenges of investing in Africa and the evolving role of investors as co-operators. Oyinsan also emphasizes the balance between founder potential and market realities, stressing the importance of recognizing the right timing and market for brilliant founders. Despite the challenges, Oyinsan believes that venture capital is a viable funding option for startups in Africa when applied appropriately.
