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Crowdfunding: Africans helping Africa as Startupafricafund.com set to fund disruptive African startups

Crowdfunding: Africans helping Africa as Startupafricafund.com set to fund disruptive African startups

It started just like normal weird idea on the secret/invite-only group on Facebook, Silicon Africa when Kayode Muyibi asked this question “How easy would it be to get 1000 Africans’ to fund a fund with 100 dollars every month in perpetuity?” at about 3:56pm on Wednesday,  August 29th. Few hours later, more than 40 comments were dropped on the idea. A mockup was created to get the idea started (we call that, JFDI: Just Fucking Do IT).

What is the idea about?

This project aims to raise $100,100 from 1001 slots on a monthly basis for the next 5 years. This would be done through a monthly contribution of a minimum of $100 per slot. Individuals are able to pay for more than a slot per month. The goal is to seed-fund one to four African based startups a month in the range of $25,000 to $100,000. The fund will be managed by a team of trustees and run out of UK or USA or Mauritius to take advantage of strict financial and investment laws.

In case you don’t know, 10 people already signified interest in pledging $1,400.

I see the idea as revolutionary as it will afford startups another avenue to raise fund from investors who understand African market and have interest in actually seeing the continent grow beyond financial gain.

With investment of $25,000 I think it’s a good enough money to help anyone starting out from Africa get to market. While the team is still being worked out, I want to see more successful Africans put their weight behind this and make other Africans dream become a reality!

Join the movement by making a pledge here.

Comments

  1. AniOko says:

    Whatever it is, the fact that Kayode has stood up to this task deserves commendation and support. This is the bull and I bet he can execute it well.

    As you read this, if the least you can do is to share this information on G+, FB , twitter etc please do, it will mean a lot to this idea whose time has come.

    All the best bro

  2. Ryan says:

     This is absolutely free, very easy all you need is an internet facility.

    for full details see my blog at http://www.freework-at-home.webnode.com

    I have been using this system for some time now; I will be showing you how to make unlimited cash with your liberty reserve account and a perfect money account. I will try to make it as short as possible. But clear, just like every other business your interest and seriousness counts.

    “The reward for hard work is success”.

    THIS IS HOW IT WORKS.

    1. open a liberty reserve account at http://www.libertyreserve.com ( this is free).

    2. Open a perfect money account at http://www.perfectmoney.com (this is free).

    3. Fund your liberty reserve account with a minimum of 11 USD, because of transaction charges, actually you needed a minimum of 10 USD.

    (Note: To fund or sell your liberty reserve, go to http://www.google.com to search for an e-currency exchanger close to you.)

    4. Go to http://www.softxchanger.com , and exchange 10 USD from your liberty reserve account to your perfect money account.

    1 LR——>1.28 PM, so 10 LR—-> 12.80 PM.

    5. Go to http://www.superchange.ru or http://www.swapgold.com , exchange 12.80 Perfect money to 11.01liberty reserve.

    1 PM —-> 0.86 LR, so 12.80 PM—>11.01 LR. You have gain 1.01 USD.

    6. Repeat the exchange process from LR—->PM—>LR.

    You can always increase your capital, because the more money you exchange the faster u make your cash. I can make up to 257 USD per day. Doing up to 25 exchanges per hour. But there is also no harm in starting small.

    GOOD LUCK TO YOU.

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