A few years ago, an unassuming young woman named Kelly Sun teamed up with Phil Ivey, the world’s most famous poker player. Using some questionable strategies, the two managed to win millions of dollars from casinos across the world. Now the casinos are saying what they did is cheating, and they’re trying to get their money back in court. Reporter Rose Eveleth tells Sun and Ivey’s story in a new audio documentary, A Queen of Sorts, part of the ESPN podcast series 30 for 30.
Snoop Dogg has a TV show with Martha Stewart. The Tyler Perry movie "Boo! A Madea Halloween" made almost $100 million at the box office. A Black man once held the nuclear codes for President Trump. Sometimes in life we have to decide if a thing is good or bad for the Culture.
A couple of weeks ago, a think piece by Andile Masuku entitled "We simply must not allow investor bias to persist" - featured in African Independent and Business Report - caused a bit of a stir on Twitter. The hubbub surrounded the article's tackling of the sensitive issue of investor bias that appears to be prevalent in Africa's startup finance scene.
Cited in Andile's piece are research findings published in a recent Bill & Melinda Gates Foundation-funded report by the American VC outfit, Village Capital. According to the report, more than 90% of the funding that's gone into East African fintech startups over the past year or two has benefitted firms with expatriate founders. This has lead to some local founders complaining that their ventures aren't being fairly appraised for investibility in terms of their potential and financial viability.
In this episode of the African Tech Round-up, Andile Masuku and Musa Kalenga are joined by Tapsnapp founder and CEO, Vije Vijendranath, to unpack some of the impassioned response to the investor bias debate that's recently surfaced from certain quarters within our tech community and to chat about some possible solutions to the situation.
Then, being that Tapsnapp is surfing the "Uberisation of everything" trend, and given the current push-back Uber is experiencing in South Africa from various stakeholders, Andile, Musa and Vije decided to try and answer the question: how enthusiastically should Africans embrace on-demand marketplace platforms?
Music Credits:
Music by Kevin MacLeod (incompetech.com)
Music licensed under Creative Commons: By Attribution 3.0
Reincey goes home, and the Resistance kills Trumpcare. Then Joy-Ann Reid and Symone Sanders join Jon, Jon, and Tommy to talk about the future of the Democratic Party.
