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Never undermine the power of local co-investors, especially if they belong to groups, syndicates, or networks as investment collaborators. These individuals can provide you with guidance on where to find good venture opportunity and help monitor and evaluate post-funding.

— Tomi Davies

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A governance framework that begins with monitoring but never defines authority is incomplete. A system that can be stopped but not recovered is incomplete. An incident review that produces a report but changes nothing is merely administration.

Until these systems mature, investors will continue to hesitate, and founders will continue to operate below potential.

I’m also rereading The Inevitable.

I am fascinated by the new set of combined diaspora and local leadership teams in startups such as Andela and find it interesting how new ideas like Shoppey, SheHive and the summer code schools are coming on the scene.

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Attribution

Quote text and notes from Wikiquote: Tomi Davies (page history), available under CC BY-SA 4.0. Source quality and labels are our own summary of what Wikiquote records.