"The discussion of opportunity costs, choosing a platform and networking strategies highlights the clear need for more industry data and transparency [...] Further, the private sector can monetize research on network effects and fundraising norms across the continent [...] Regarding the supply of capital in Africa, the Cheetah Fund model could potentially be scaled across the East Africa region, or even the entire continent, to include other crowdfunding platforms and instruments, such as debt [...] entrepreneurs should seek partnerships with individuals or marketing firms located in more developed crowdfunding ecosystems [...] There is significant room for payment systems innovation within the private sector." (Conclusion, page 15)
1. Crowdfunding is significantly more difficult than most entrepreneurs anticipate, 3
Box 1. Shake Your Power -- Box 2. Nikweli
2. Business needs should dictate platform choice, 5
Box 3. WANDA ORGANIC
3. Barriers to payment are a major challenge for African crowdfunders, 8
4. Network quality and quantity dictates funding potential, 9
Box 4. Fishmate
5. Entrepreneurs should tap resources to help them crowdfund, 12
Box 5. The Cheetah Fund -- Box 6. Develatech
6. In addition to funding, crowdfunding can have non-monetary benefits, 14
Conclusion, 15