Wael Nafee is a General Partner at Raed Ventures, the leading Saudi early-stage VC firm with $450m in AUM.This episode was recorded in October 2023.
Timestamps:00:00 - In this episode00:49 - Introduction01:51 - Careem and Deeptech background06:00 - Identifying exceptional founders08:33 - Portfolio risk-reward modeling tool for VCs09:48 - Better returns or more management fees?12:42 - Egyptian tech exodus15:31 - We were wrong about this model18:52 - Does MENA have any role to play in AI?20:23 - LPs in 2023/2024 are different22:01 - Next milestone: unlocking IPOsReferences:Raed’s open-sourced VC modeling tool - https://www.linkedin.com/pulse/modeling-vc-investment-strategies-wael-nafee/Careem's acquisition - https://www.forbes.com/sites/michelleevans1/2019/03/26/meet-careem-ubers-3-1-billion-new-acquisition-in-the-middle-east/Tunisian Startup Act - https://www.abramundi.org/post/the-tunisian-startup-act-an-entrepreneurial-revolutionListen on all platforms:Youtube - https://www.youtube.com/@TheRallyCapPodcastSpotify - https://open.spotify.com/show/3vUDH5yEH6pvRkqM1TVaxSApple Podcasts - https://podcasts.apple.com/ca/podcast/the-rally-cap-podcast/id1731710244Where to find Wael:Linkedin: https://www.linkedin.com/in/wael-nafee-2b78abbX/Twitter: https://x.com/wnafeeWhere to find Kyane:Linkedin: https://www.linkedin.com/in/kyanekassiriX/Twitter: https://twitter.com/kyanekassiriLearn more about Rally Cap: https://techcrunch.com/2022/05/05/rali_cap-gets-backing-from-global-vcs-and-launches-30m-fintech-fund-for-emerging-markets/