It was a record-setting year for venture capital investments in the Middle East in 2022. But a market correction and layoffs in the technology sector, as well as recession fears, are spelling a different kind of future for 2023.
Fares Ghandour, partner at Wamda Capital and co-founder of mental healthcare start-up Tuhoon, joins co-hosts Mustafa Alrawi and Kelsey Warner to talk about trends in venture capital and why he made the jump to founder. He also answers questions about start-up culture in the Middle East vs Silicon Valley, and what it is like to be a second-generation entrepreneur (his father is Fadi Ghandour, a founder of logistics business Aramex).
In this episode
The state of play (0m 19 sec)
Growth vs profitability (6m 27s)
Harvesting explained (9m 17s)
Tuhoon and the future of mental health care (12m 39s)
Dubai vs Silicon Valley (16m 43s)
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What are the influencer academy modules?
- Mastery of audio-visual content creation.
- Cinematography, shots and movement.
- All aspects of post-production.
- Emerging technologies and VFX with AI and CGI.
- Understanding of marketing objectives and audience engagement.
- Tourism industry knowledge.
- Professional ethics.
Biography
Favourite Meal: Chicken Caesar salad
Hobbies: Travelling, going to the gym
Inspiration: Father, who was a captain in the UAE army
Favourite read: Rich Dad Poor Dad by Robert Kiyosaki and Sharon Lechter
Favourite film: The Founder, about the establishment of McDonald's
RACE CARD
6.30pm: Al Maktoum Challenge Round-3 – Group 1 (PA) $65,000 (Dirt) 2,000m
7.05pm: Handicap (TB) $65,000 (Turf) 1,800m
7.40pm: Meydan Classic – Listed (TB) $88,000 (T) 1,600m
8.15pm: Nad Al Sheba Trophy – Group 3 (TB) $195,000 (T) 2,810m
8.50pm: Dubai Millennium Stakes – Group 3 (TB) $130,000 (T) 2,000m
9.25pm: Meydan Challenge – Listed Handicap (TB) $88,000 (T) 1,400m
Our family matters legal consultant
Name: Dr Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
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