Y Combinator’s Michael Seibel: How African Founders Can Build Global Tech Companies

Рет қаралды 20,665

Күн бұрын

In this clip, Y Combinator's Michael Seibel and Mictrotraction Founding Partner Kwamena Afful discuss how African founders can build global tech companies and expand across borders.
Michael has been an avid supporter of the African tech ecosystem. Since his first trip to Lagos in 2016, and since Paystack joined YC's winter batch earlier that year, the number of African startups that have participated in the global accelerator has grown to 89.
Kwamnena co-founded Microtraction in 2017 and counts several African tech founders, as well as global investors including Michael, as its Limited Partners.
Watch the full episode here: • How Y Combinator & Mic...
00:00 - It hurts software companies to be limited by borders
01:02 - Where does being on the ground matter?
01:48 - A consolidation play?
02:15 - Localization
03:49 - Pivot from consumer to enterprise
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Пікірлер: 27

@aberba Ай бұрын

This channel is better than university education

@danielbamigboye1662 Ай бұрын

🤣🤣

@mwilamakwaya95 29 күн бұрын

Please don't cheat yourself. What degree do you have?

@lalugali1 19 күн бұрын

Undoubtedly as this open discussion and the speaker has an open mind 😮🎉

@Tkcrypto1 Ай бұрын

Banks aren't going away because they're powerful, not because they're needed

@itineryconsultslimited3858 Ай бұрын

Well needed convo

@christopheatto4697 Ай бұрын

Really Excellent.

@ankushmaurya1822 Ай бұрын

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@user-bk5us9tp2w 17 күн бұрын

Insightful

@Septumsempra8818 Ай бұрын

🇿🇼🇿🇼🇿🇼🇿🇦🇿🇦🇿🇦

@Ronventi6750 Ай бұрын

Zimbo!

@jam-fam Ай бұрын

on it.

@JohnOIdowu-ru4jy Ай бұрын

So true... African banks dont make profits from consumers.

@chriswalter92 24 күн бұрын

In any business, Protecting your capital is much more important than making money. Basically because if you lose your capital, making money is much harder. ''Missing the train'' vs. ''losing your money''. There are a lot of trains, but if your money is gone, it's over.

@tahirisaid2693 24 күн бұрын

There are many other interesting business and stocks in many industries that you might follow. You don't have to act on every forecast, so I'll suggest that you work with a financial advisor who can help you choose the best times to purchase and sell the shares or ETFs you want to acquire.

@dannysalvage6236 Ай бұрын

Can anyone share the names of the other speakers 🙏?

@TheFlipAfrica Ай бұрын

Michael Seibel - Y Combinator Kwamena Afful - Microtraction Justin Norman - The Flip

@diaryofabadsinger 23 күн бұрын

The only way to cross borders is to have both the software and its users in one ecosystem. You don’t know me yet, but my startup has solved this in Africa and you won’t see us coming! We have built the first software ecosystem that works for Africa.

@fosbergaddai4996 Ай бұрын

Did i hear African banks are not interested in lending to consumers?? Let me know what he meant and i will show you what is real here..

@justinmsangi7320 Ай бұрын

In general, yes i think that is what he meant. He said they might support you on a certain money lending idea like credit cards but that is not their game plan.

@Machconsults Ай бұрын

It's called Fractional Reserve Banking. Please google it, Banks create money using deposits as reserves.

@williamwatitwa3534 Ай бұрын

That's totally a false assumption

@samelobinna101 Ай бұрын

@@williamwatitwa3534 its not they only lend to high networth individual, 🇳🇬

@hossiahdikwetla4461 Ай бұрын

The risk appetite for African banks is very low thus charging high rates,getting funding is for those who are already rich and with strong balance sheet because banks have low risk tolerance here,they don’t trust Africans with money period and the few African owned banks just mirror the European banks in terms of their products. These guys know what they’re talking about which is why they’re up there talking and those who know are paying attention and listening