What’s holding up investment in the Arab region? Is it the lack of investors ready to take risks or the lack of good startups?
“Because we don’t have enough investors, entrepreneurs are forced to deal with investors they don’t get along with,” says angel investor Ranwa Halsa, Deputy CEO and Head of Business Development at ICCCC, a leading provider of turnkey telecom services for mobile operators and system providers in the MENA.
Jordanian Ranwa Halasa, just 29 years old, moved to Beirut a few years ago to study finance at the American University of Beirut before returning back to Jordan. There, she invested in online bookstore Jamalon and became a board member at Madfoo3atCom, an online payment service.
On a daily basis at her principal job, Halasa mentors entrepreneurs, helping them get funding and make good business decisions. Aside from the lack of investors who embrace risk, Halasa also thinks there’s an education problem. Familiarity with, for instance, the term sheet and legal terminology is very important, and is something that many entrepreneurs lack, she says, which leads to disappointed investors.
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Angel investor Ranwa Halasa calls for bolder investors and savvier entrepreneurs
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