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Why Tech Entrepreneurs in Developing Countries Struggle to Raise Funds

Harvard Business Review

Most investors liked the business model and the fact that I was educated in Nigeria and knew the market. But there was one problem: my business plan had no exit strategy. They all asked exit strategy questions and my answer, naively, was that we would grow revenue and share profits!

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A simple cure for the Buzzword Bingo | Rajesh Setty

Rajesh Setty

In terms of exit strategy , our goal is an IPO but at the right price and the right partner, we won’t exclude the acquisition option. As far as the stage of the company, we are currently bootstrapped and we are thinking of either a seed round via convertible notes. There is actually a simple cure for this Buzzword Bingo.