Venture capitalism and the Tesla lesson: Towards an African Silicon Valley?

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Like their Silicon Valley counterparts, Africa’s VCs will go on to enjoy the fruits of their faith when those innovative companies eventually go to IPO. Picture: iStock
Like their Silicon Valley counterparts, Africa’s VCs will go on to enjoy the fruits of their faith when those innovative companies eventually go to IPO. Picture: iStock

VOICES

Tesla, the American electric vehicle and clean energy company founded by the eccentric technopreneur Elon Musk, has officially surpassed Japan’s Toyota to become the most valuable automaker globally by market cap.

But Tesla’s story is as much a result of relentless love for science as it is a capitalist ingenuity from which Africa can learn.

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