Why Tech Entrepreneurs in Developing Countries Struggle to Raise Funds
Harvard Business Review
FEBRUARY 29, 2012
student in the engineering school at Johns Hopkins University, I had a business idea. 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! Understanding how your investors can exit is important if you want to raise funds easily.