Front row on Global Trends with Sid Mofya

Startup Grind

Sid Mofya, a Kauffman Fellow, is the COO of the Draper Venture Network and has one of the most interesting roles in venture capital: helping his team coordinate the alliance of member funds and providing post-investment support for their collective portfolio of over 900 companies.

Sid’s journey into the venture capital world is fairly non-traditional. Sid was born in Zambia and studied in the UK as a chemical engineer. After college, he went to work for Shell as a chemical engineer at an oil refinery. Sid yearned to move back to Africa and make an impact on the local communities there, so he left Shell for business school and eventually moved to Tanzania to work for a healthcare organization doing medical research that focused on diseases such as HIV/AIDS, malaria, and influenza.

It was around this time Sid started looking into venture capital and entrepreneurship with a greater focus.

Sid eventually got in touch with the Draper Venture Network, which was searching for someone to help build a support platform for their global investments. He has been helping the Network grow since.

Today, DVN consists of over 20 member funds and supports a full-time Services team based in Silicon Valley. The Network currently has member funds across Asia, Australia, Middle East, Europe and North, and South America. The funds are currently deploying over $2B in assets and are invested in almost 1000 active portfolio companies.

(Interviewed by StartupGrind's Chris Joannou).