Most early-stage and growth-stage startup investors focus on valuation, and the question of whether the investee’s valuation can grow by an order of magnitude or more in the next decade. At Africa Eats, we do look at that, but we focus even more on how efficient our investees are with the money we provide them. How efficient is their use of capital? Specifically, we compute a simple ratio...
“Our favorite holding period is forever.” – Warren Buffett speaking on behalf of Berkshire Hathaway. At Africa Eats, our favorite holding period is the same. Why? The current status quo will see Africa’s economy grow but is unlikely to see the continent be self sustaining in terms of food as the population doubles by mid-Century. The food gap today exceeds $10 billion annually...