40.7% of Africa startup ventures in new survey report profitability

@hsherman wrote:

40.7% of the 462 Africa startup ventures surveyed in a new @VC4Africa & @ABANAngels study report profitability. That leaves 59.3% that are not. Here's a link to the summary: https://vc4a.com/venture-finance-in-africa/2016-research/summary/ and a bit more: https://vc4a.com/blog/2016/05/18/new-data-shows-growing-investor-appetite-in-african-early-stage-startups/

A news item on the survey reports the average startup raise in 2015 was $326,000: http://disrupt-africa.com/2016/05/average-startup-raise-in-africa-in-2015-326k-survey/

Haven't bought the full report so I'm sure there's lots of context I'm missing.

Also, if the numbers are self-reported, that may be tricky: http://www.theverge.com/2015/6/10/8756837/startups-tech-bubble-profit-loss-ipo

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