"My opinion is that instead of shadowboxing US firms (who don't care about Africa anyway and were merely being opportunistic), the community has to come together to fund pipeline under $1 million in a programmatic way just like Techstars, YC and 500 startups did all those many years."
"Local accelerators - backed by none other than African YC alumni - are emerging to fill the gap left by Y Combinator's reduced focus on developing markets."
"The new wave of accelerators is coming at the same time that the model favored by older local startup accelerators is changing; it's forcing local players to rethink how to tap and cultivate startups on the continent."
"With foreign investors pulling away, local players are being challenged to rethink how to cultivate startups on the continent, pushing for community-driven solutions."
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