It's an excellent time to be raising venture capital for a high-growth startup in Nigeria. As the cash floods the tech ecosystem, some are even calling it a 'founder's market.'
With more companies getting access to funding, it's important to start having more nuanced conversations about entrepreneurial capital because how you raise money matters.
There are two primary ways to raise money in the high-growth startup ecosystem—debt and equity. Most deals you hear announced in TechCrunch are equity investments (although hybrids like convertible notes exist), even though debt is as old and commonplace as it gets when it comes to capital raising.
Interestingly, it looks like the innovation ecosystem is catching up.
Equity fundraising means that founders can fundraise without the