Steve Grin is the Managing Partner at Lateral Capital, a firm that invests in early and growth stage opportunities in sub-Saharan Africa.
Their Fund backs technology-enabled businesses that profitably solve significant pain points across critical infrastructure verticals: financial services, energy, healthcare, and education.
Steven is a seasoned entrepreneur and investment professional with twenty years of experience investing as a principal and fund manager across the globe.
He has extensive experience in real estate development, energy, and venture investing. Prior to co-founding Lateral, Steven was a Director in the Office of the President of Guyana where he held responsibility for the implementation of their low-carbon development strategy and the execution of large-scale initiatives in the energy and infrastructure sectors.
Steven graduated from the School of International and Public Affairs at Columbia University and has a B.A. in Finance and Philosophy from New York University.
In this episode you’ll learn:
- How he got into the business of venture capital
- How did he make the transition in his career from real estate investing?
- According to Steve, “Big ideas hit brick walls fairly quickly”. Find out what he meant
- What are the market gaps and opportunities in Africa?
- How did Lateral Capital start? Where were the initial funds sourced from?
- The importance of SMEs to every economy.
- What is Lateral Capital’s thesis about?
- What is the basis for the thesis behind Lateral Capital?
- What they have learnt and invalidated about investing in Africa?
- What is the length of time an investor should be expecting returns?
- Steve has some reservations about the 220 investment model, find out what they are.
- What is the best way to do venture in Africa?
- Other ways to get returns on investment without selling it.
- What kind of LPs do they target and what are the terms of their fund?
- The growth drivers for your business.
- Distinction and importance of financial, human and physical capital in a business.
- And more
Selected links from this episode
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