Silicon Valley Bank (SVB) played a transformative role in startup history by backing ideas in the messy middle phase when capital infrastructure was lacking.
Many startups in Africa face challenges due to a lack of financial support tailored for early-stage innovators.
SVB embedded itself in the venture ecosystem, understanding cap tables, nurturing relationships, and offering founder-friendly credit terms.
To support African innovation, local financial institutions need to align with regulators, offer innovative financial products, and believe in local startups.