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ScaleSignals

Ben Botes, Susan | Angel Investor

Where founders and investors get the intelligence to understand where capital is moving — written by a GP who has built and backed companies in emerging markets from both sides of the table.

Platform
Substack
PricingFreemiumPublishesDaily
Issues50SubscribersRead scalesignals.substack.com

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Latest Issues

Recent posts by this newsletter. Browse the email archive.

The Liquidity Gap Your Investors Have Already Priced In

What every founder raising capital in 2026 needs to understand before the first meeting

6 days ago
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What Capital Changes Before It Changes The Company

I have backed founders for fifteen years. I can usually tell within three months of a round closing whether the capital will build the company or break it.

8 days ago
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African Private Capital 1985–2026: How DFIs Reclaimed the Market

For 35 years, African private capital cycled through five distinct eras. The current one looks identical to the first. The market has come full circle — and almost nobody is naming it.

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Authors

The writers behind this newsletter.

  • Ben Botes

    GP at CGRPE. 4x founder exits. I back companies in emerging markets where the infrastructure gaps are still wide enough to matter — and I've built in those same markets myself. Both sides of the table. Writing about it at ScaleSignals.

  • Susan | Angel Investor

    I backed 13 ‘unicorns’ at pre-seed and seed. Writing for angels who want better returns and startup founders who want their attention.

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