$195m cash out of his 3 year old startup. Hate the game not the player. If you focus on the inputs (VC funding) for the Africa ecosystem everything is amazing. The best ever. To the moon etc etc. If you focus on the output (actual late stage exits) you get
My position on this has changed ALOT of the last 10 years of venture scale and being around builders whom have reached scale without huge or with very little capital. Its actually a choice. And its a very specific one. If you go venture its very very difficult to go back
WAGMI – We’re All Going to Make It. The clarion call of the new millennial crypto billionaire set. Usually as an asset is being pumped up to have the rug pulled (losses) out from under it. Anon online crypto billionaires The thing is even with a trillion dollars in value
Mohammed Dewji & I at the Invest Africa, Standard Chartered Bank private dinner. Last October, before moderating a panel at the Global Business Forum in Dubai, I was invited to the Invest Africa – sponsored by Standard Chartered – private dinner at the glitzy Arts Club ($75,000 per year membership
Failed Experiments The history of scientific developments has been in the total embracing of failure. Literally developing a hypothesis and then running multiple experiments to test against it, starting with the notion that it may take forever or never at all. Learning, documenting and ultimately opening up to peer review
For folks who’ve seen me in Dubai over the last 6 months or so, I could see why they would think it’s softlife & dorime living. It’s not. Everything I do is intentional. My next project I am co-founding has deep routes in the Arab world so exposure to GCC
Founders need love too. Spare a second for their plight. So much enthusiasm, but also so much anger and a feeling of exploitation and frustrations, and I feel a lot of misunderstanding of what founding and operating a company is like. Even when you work in a startup, it’s different
I got ideas. Lets get this mney Folks feel I am being negative about 🇳🇬 & Africa at large. I am actually not at all. But the relentless, unchallenged positivity doesn’t help fix any of our glaringly obvious underlying issues nor helps us win. And all I want is for
I was in Johannesburg recently, speaking to one of the largest retail real gaming operators in SA. The most interesting nugget from our discussions was when they were telling me about how their best customers are Nigerians. I was pretty surprised. In Johannesburg? Where I am sure Nigerians represent <1%
Firstly. For the record. Fintech has already proven to be the Holy Grail of tech startups in Nigeria. I applaud that. Man, it’s amazing, breathtaking. In 5 short years she has given us everything we ever asked for. A $200m exit. A $1B+ unicorn. A $50m+ non VC backed exit.
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