Page 85 - Msingi Afrika Magazine Issue 20

Economy

that he is deemed the Godfather of ally that will go down in history. Following business angels closely are
the Silicon Valley. He was a dedi- venture capitalists. With regard to
cated business angel who was very Having said that Zimbabwe and her these individuals or companies they
much interested in ensuring that African sister countries are sorely are solely interested in the profit that
high tech ventures do grow and lacking in business angels who are they will get in return. This is why
become forces to be reckoned with. risk takers to the extent of financ- they are known as private equity in-
In other words, he was a vision- ing new entrepreneurial ventures vestors who provide companies with
ary which is a character trait that for the love of the doctrine and high growth potential in exchange
business angels need to have with seeing problems being solved for for an equity stake. Quite frankly
the utmost help and hope that the the betterment of humanity, whilst this is why usually they are attached
ventures they are lending a hand in propelling the nation’s economic to a venture for a limited period of
will become success stories eventu- development to greater heights. time that suits them and the signed

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