RCP #1 $205m African VC fund, with Lexi Novitske [GP @ Norssken22]
Delusional Podcast3 Maalis 2024

RCP #1 $205m African VC fund, with Lexi Novitske [GP @ Norssken22]

Lexi Novitske is a General Partner at Norssken22, who just launched Africa's second-largest VC fund. Timestamps:(1:05) How to raise a $205m fund during a global downturn(3:50) Current growth stage valuations and how to deal with unreasonable prices(5:38) Growth deals that require restructuring(9:44) Debt requirements for growth-stage companies(11:28) Norrsken's thesis in financial services(13:27) Thesis behind investing in Shara(14:18) Overfunded fintech models(15:53) Thesis behind investing in Sabi(18:37) Living in Lagos(20:36) Thinking like a growth stage investor vs. early stage investorReferences:Sabi - https://techcrunch.com/2023/05/19/afr...Shara - https://www.crunchbase.com/organizati...Listen on other platforms:Apple: coming soonSpotify: coming soonWhere to find Lexi:Twitter : / anovitske LinkedIn: / lexi-novitske-cfa-a5054a4 Where to find Kyane:Twitter: / kyanekassiri Linkedin: / kyanekassiri Learn more about Rally Cap: https://techcrunch.com/2022/05/05/ral...Check out our Climate Newsletter: / rallycapclimate

Jaksot(14)

#14 A healthy and balanced founder is less likely to build a massive company, w/ Sheel Mohnot [BTV]

#14 A healthy and balanced founder is less likely to build a massive company, w/ Sheel Mohnot [BTV]

Sheel Mohnot is the co-founder of Better Tomorrow Ventures, one of Silicon Valley's favorite fintech investors. Previously, he built FeeFighters [acquired by Groupon], Innovative Auctions, and Thistle...

1 Helmi 37min

#12 Ringing the NASDAQ IPO bell [$1b] to building the 'OG' fintech VC firm, with Jake Gibson [BTV]

#12 Ringing the NASDAQ IPO bell [$1b] to building the 'OG' fintech VC firm, with Jake Gibson [BTV]

Jake Gibson is a co-founder and GP at Better Tomorrow Ventures, Silicon Valley's coolest early stage fintech VC firm. Previously, he co-founded NerdWallet, a $1b publicly listed company.Timestamps:00:...

27 Marras 202538min

RCP #12 The African AI pioneer who sold his company for $700m, with Karim Beguir [InstaDeep]

RCP #12 The African AI pioneer who sold his company for $700m, with Karim Beguir [InstaDeep]

Karim Beguir is the co-founder and CEO of InstaDeep, a Tunisia/Africa-born company that grew into a global deep-tech AI powerhouse and got acquired by german biotech giant BioNTech for $700m.Timestamp...

24 Elo 202550min

RCP #11 Backing Uber, Airbnb, Spotify (w Man Cap) then going all-in on Africa, with Hisham Halbouny

RCP #11 Backing Uber, Airbnb, Spotify (w Man Cap) then going all-in on Africa, with Hisham Halbouny

Hisham Halbouny is a managing partner at P1 Ventures, a $50m Africa-focused fund who's often referred to as contrarian. Hisham was previously a partner at Man Capital, the family office of Egyptian Bi...

24 Heinä 202519min

RCP #10 Selling Expensya for $100m 😱💰, with Karim Jouini [ThunderCode]

RCP #10 Selling Expensya for $100m 😱💰, with Karim Jouini [ThunderCode]

Karim Jouini is the founder of Expensya, an expense management platform sold to Medius Group for $100m. Karim is now building his second company called ThunderCode: an AI testing agent for software te...

25 Maalis 20251h 2min

RCP #9 From building Go1 [$3B] to leading Breega [$700m AUM] in Africa, with Melvyn Lubega

RCP #9 From building Go1 [$3B] to leading Breega [$700m AUM] in Africa, with Melvyn Lubega

Melvyn Lubega is a Partner at Breega, one of Europe's fastest-growing VC firms ($700m) which recently launched its first Africa-dedicated fund.This episode was recorded in October 2023.Timestamps:00:0...

20 Helmi 202521min

RCP #8 Inside the mind of Saudi's leading early-stage investor, with Wael Nafee [Raed Ventures]

RCP #8 Inside the mind of Saudi's leading early-stage investor, with Wael Nafee [Raed Ventures]

Wael Nafee is a General Partner at Raed Ventures, the leading Saudi early-stage VC firm with $450m in AUM.This episode was recorded in October 2023.Timestamps:00:00 - In this episode00:49 - Introducti...

18 Tammi 202523min

RCP #7 Setting the cornerstones of a fintech powerhouse, with Jacques Marco [Axis Pay]

RCP #7 Setting the cornerstones of a fintech powerhouse, with Jacques Marco [Axis Pay]

Jacques Marco is the founder and CEO of Axis Pay. The company raised a $8m seed round and is now one of Egypt's fastest-growing fintechs. Timestamps: 00:00 - In this episode 00:46 - Introduction 01:2...

12 Marras 202427min

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