For us, we plugged into a fraternity of YC companies and founders that we have learnt so much from. It is on par with a pre-seed valuation, around US$1.9 million, and that is what African startups are used to raising for a pre-seed round. Startups across the world want to be part of it, and it’s no different for African startups. Hence YC African alumni stand a high chance of doing well in business after their Y Combinator participation. For the later, I noticed that almost all African YC companies had some traction prior to being accepted.

Source: The North Africa Journal May 25, 2021 06:00 UTC