12 ESSAYS
African Capital
Capital structures, term sheets, and the operator-investor lens, written from inside African markets.
№ 035
African Capital
The Conversation No Founder Wants to Have With Their Cap Table
When dilution becomes a moral question, not just a math problem. Most founders treat the cap table as a financial document. It is also a record of who they trusted at what moment, and the moments do not always age well.
№ 581
African Capital
Beyond Independence: The Founder’s Stake in Zimbabwe’s Unfinished Project
Independence gave Zimbabweans a country. Building it is unfinished work, and founders carry a particular share of that responsibility. A piece for the operators who refuse to write the country off.