Why early-stage VC Microtraction is worried about the African tech ecosystem
- Microtraction raises concerns about the declining quality of talent in Nigeria's tech ecosystem.
- The firm has invested in over 70 startups, refining its criteria for selecting founders.
- Microtraction organizes monthly town halls to facilitate networking and learning among founders.
The emphasis on founder quality and the proactive approach of Microtraction in nurturing early-stage startups is commendable. However, the challenges posed by a declining talent pool and regulatory dependencies highlight the need for a more robust ecosystem that encourages diverse sector engagement and sustainable growth.
