Recent Market Trends

This pattern of overpriced Tech companies falling back to their fundamental values under market stress is a tale as old as time, first coming full swing during the early 2000s tech bubble and repeating itself in 2008, nonetheless, during all those tumultuous times startups that came to revolutionize their industry first started, companies that we all have come to love and cherish like Airbnb, Netflix and Microsoft. We hope to catch those Startups that rise in the worst of times to be market leaders in the best of times.

What is less discussed is that it is also undercapitalized. Africa is currently home to 1.4 Billion people, or around 18% of the global population by 2100 the UN estimates it will be home to 4.3 Billion people or almost 40% of the entire global population. As the labor force continues to increase, so does the Marginal product of Capital and investments become a more and more important part in driving business returns upwards in the continent. We believe that investing in firms in emerging markets that take advantage of the current undercapitalization of the continent, driving up labor productivity and efficiency is a winning strategy.

This pattern of overpriced Tech companies falling back to their fundamental values under market stress is a tale as old as time, first coming full swing during the early 2000s tech bubble and repeating itself in 2008, nonetheless, during all those tumultuous times startups that came to revolutionize their industry first started, companies that we all have come to love and cherish like Airbnb, Netflix and Microsoft. We hope to catch those Startups that rise in the worst of times to be market leaders in the best of times.

This pattern of overpriced Tech companies falling back to their fundamental values under market stress is a tale as old as time, first coming full swing during the early 2000s tech bubble and repeating itself in 2008, nonetheless, during all those tumultuous times startups that came to revolutionize their industry first started, companies that we all have come to love and cherish like Airbnb, Netflix and Microsoft. We hope to catch those Startups that rise in the worst of times to be market leaders in the best of times.