To promote a diversity of views, you need diversity in capital. That means that you need to give money to people who have never had access to capital – says Mr Sakhile Xulu, General Managing Partner at Seed South Capital who has been labelled a serial entrepreneur and a self-taught venture capitalist (VC).
He was addressing an executive leadership audience at the two-day Executive Leadership Workshop (ELW), hosted by Universities South Africa’s Entrepreneurship Development in Higher Education (EDHE) programme in Cape Town, last week. The ELW 2022 theme was Commercialisation of Research.
Speaking to his topic What do venture capitalists look for when considering investment into research commercialisation? Xulu (left) said: “In South Africa, because the same people are investing, the same people are getting the money and we are getting the same views. Nothing is changing.”