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Amman-based DASH Ventures just published an infographic sharing some key numbers from the last year.
Since we’re founders first, we’ve decided to merge our entrepreneurial skills with this realized potential and put our money where our mouth is, literally.” Zaid Farekh, one of the Founding Partners of Propeller told MENAbytes.Only 10% of the startups in DASH’s pipeline had a female founder which suggests that we still don’t have a decent number of female founders applying for venture funding.Again as the data only represents DASH’s numbers, it could mean a lot of things.“We’ve come across founders in other accelerator programs looking to raise additional funds during the first weeks of the program.This distracts the founders from building their companies at that crucial stage and not making the most out of the program,” said Tambi Jalouqa, the Founding Partner of Propeller “In addition, through our experience with our portfolio companies, follow-on investment in this region takes longer than usual and that’s why we want to make sure startups graduate from our acceleration program with cash in order to scale while looking for follow-on investment.