This episode, we go on a hypothetical startup fundraising journey, from idea to exit. 

2:04 - At the earliest stage, angel and venture investing is quite subjective, says Zachariah George, angel investor and Managing Director of LaunchAfrica. 
3:46 - Because of the subjectivity, metrics and valuations don't matter as much at this stage. We hear from Chidinma Iwueke, Partner at pre-seed fund Microtraction, on their standard deal terms.
4:56 - A discussion with Andreata Muforo on how TLcom Capital approaches seed and Series A stage valuations.
8:56 - We hear from Cikü Mugambi of the IFC's Disruptive Technologies and Venture Capital team, how they leverage comparables of other emerging market startups in their portfolio to value prospective investments in Africa. 
11:12 - Andreata and Cikü share their views on the exit paths for their portfolio companies. 
13:17 - After venture capital comes private equity, and a discussion with Helios Investment Partners' Fope Adelowo.
19:37 - We hear from Victor Basta on what mergers and acquisition opportunities for tech-enabled companies, and discuss how founders and CEOs need to prepare for an exit. 
27:08 - As always, a reflective conversation between Justin Norman and Sayo Folawiyo.