We have a fairly narrow investment focus, so obviously a lot of entrepreneurs ask us if their startups qualify for our investment. Here is how you can decide that for yourself. You need to pass all the primary and 2 out of 3 secondary tests in order to qualify for investment consideration by 47 Ventures.Primary Tests
- The business is high growth potential targeting a large addressable market exceeding US$100M
- The business leverages technology for rapid scale and efficient growth
- Majority of the shares are controlled by the founders/entrepreneurs responsible for execution
- The business has a legal, registered business entity in Pakistan.
- Majority founders are Pakistani AND Pakistan is the primary destination of job creation for the business
- The business has, and intends to serve, a large market in Pakistan through its products/services
Founding Partner & Country Director
Member Prime Minister's Task Force for Technology Driven Knowledge Economy. Founding Executive Director, LUMS Center for Entrepreneurship. Director, Karandaaz Pakistan, DFID and Gates Foundation funded SME Financing SPV. Member Investment Committee, Insitor Impact Asia Fund. Member Management Committee and Investment Committee, $500 Million Punjab Pension Fund. Member Steering Committee, PKR 29 Billion, HEC Technology Development Fund. Director, Mobilink Microfinance Bank. 22+ years of startup, technical leadership, strategic business consulting and investment advisory experience for Fortune 500 and VCs in Silicon Valley, US, Europe, India, including 12+ in Pakistan. Best Private Sector CIO of Pakistan in 2012. 2 Services and 2 Product Startups in Silicon Valley. Prentice Hall published author. B.Eng. Computer Engineering, McGill University.
25+ year hedge fund, private equity, special situations, restructuring and banking career in New York, London and Hong Kong. Investment experience across capital structure, liquidity spectrum, industries and geographies. Advisor to Fortune 500 CEOs, government officials and entrepreneurs in growth and developed markets. Former employers include Morgan Stanley, Credit Suisse and Citigroup. MBA (Finance & Entrepreneurial Management) from Wharton, UPENN and MSc (Accounting & Finance) from the London School of Economics.
Previously co-head of Technology and Business Services across EMEA for UBS. 22+ years of experience in Technology investment banking including Credit Suisse First Boston and H&Q (JP Morgan). Previous transactions include King (sale to Activiision), Talabat (sale to Rocket Internet), TeliaSonera (investment in Spotify), Supercell (strategic investment by Softbank), Shutl (sale to eBay), among others. Worked on several IPOs including Rightmove, SeLoger, Moneysupermarket, Ocado, Perform and MicroFocus. B.S. in Mathematics and Computers Science from Haverford College
Ali Irfan Najam
Ali is a LUMS grad with BSc (Hons) in Accounting and Finance and is awaiting his CFA charter now. He has experience in sourcing, evaluating, structuring and executing corporate finance, private equity and investment banking deals with exposure to multiple sectors. Before joining 47 Ventures, Ali worked in an Investment Company jointly owned by Ministry of Finance, Pakistan and China Development Bank.
Salman is a Senior Associate at 47 Ventures. He is responsible for evaluating and executing transactions with high-growth entrepreneurial businesses, and supporting the origination of investment opportunities. He has over three years of experience in Principal Investments. Prior to joining 47 Ventures, he was a Senior Analyst at Bank Alfalah working in Private Equity and Structured Credit. He holds a BSc in Accounting & Finance from Lahore University of Management Sciences, has cleared CFA Level III, is an Associate Chartered Banker, UK. He is passionate to combine analytical rigor and entrepreneurial dynamism at 47 Ventures.