The idea that an African tech entrepreneur must build a startup for Africa is severely limiting and an effect of long-term conditioning. Building for the world is a valid alternative and if that’s what you want to do, go for it.
Had dinner with the CEO of a $20b annual revenue company yesterday. Intimate - his family, my family, just 6 of us. Stay humble, folks, there’s a long way to go and a bright future ahead.
A Nigerian bank just countered a startup’s offer for a developer with higher salary and stock options in a new subsidiary being formed. 🔥 Talent Game On!
My father recently confessed to me; he’d sent private investigators to find out wth I was doing to make so much money as a student (OAU 2004-10). That’s what great fathers do. Happy Father’s Day to all caring but annoying guardian angels out there.
A US startup founder just told me his local Nigerian frontend engineer has delivered 10x of value a US based dev agency delivered in the same timespace of a month. Cc
@TalentQL
@markessien
Henceforth, no policeman should threaten a driver on the road with police station. If the person has violated a law, fine electronically and leave. If
@PoliceNG
does not have the technology, it’s on them!
A former developer employee of mine just put $2500 in a syndicate I set up for a startup. He’s not a founder, he is still a developer. OND grad. He lives and works in Nigeria.
Dear founder, it's really hard to build the next neobank. Think fintechization instead. Fintechization of industries is layering fintech on an industry to drive digital adoption. Here are a few companies that get it.
As a founder, I have found audit companies clueless about how startups work. Nonetheless, audits are increasingly important for startups at all stages, no thanks to increase founder-related scams.
Someone should build a startup-audit-as-a-service company. Investors will pay.
Learnings
- once you figure out your path, stay at it. It’s easy to get restless. Find your own hack to focus.
- be very helpful not only to people downwards but upwards.
- say no frequently but don’t burn bridges.
I just watched something that almost made me cry. Altschoolers, does anyone have a guesstimate of how much data you need per month to attend your
@AltSchoolAfrica
classes and do assignments?
As a startup founder, you may be tempted to offer big discounts to attract new customers. You want to be like Jumia. Discounts can easily eat into your profits if not used carefully. I wished I understood this clearly when I started out.
US Fintech tip: Scammers will try to sign up on your app using google voice and voip numbers. You can identify these via a simple carrier type lookup. API call costs $0.005 via Twilio. You can block outright or add addt'l controls.
Your tech is not enough, you need to learn how to sell. Even if you are using product led growth, understanding sales definitely helps. The "quote-to-cash" process helps me turn on my inner salesman when I need it.
The self-employed businessman is the market
@moniepoint
went for. While everyone else was busy asking for CAC documents to onboard businesses for business banking, Tosin wondered why we were asking for CAC doc when 87% of entrepreneurs don't have one. And he figured out a…
This is a very important data that says a lot about the structure of the Nigerian economy
If a whopping 87% of your working population are self employed, it connotes so many things.
Here are some examples that come to mind.
1. Suffering and smiling. Since we all have “work”…
I had the opportunity of doing a deep dive into
@GoDaddy
and I saw how they evolved into the partner for growing businesses. Whogohost ultimately is copying that playbook. The acquisition of
@sendchamp
comes with strong technical talent that also improves Whogohost’s ability to…
In a strategic move to deepen value offering, WhoGoHost, a web hosting company, has acquired SendChamp, a cloud-based communication startup. The acquisition is a combination of cash and equity
Mexico is the
#3
country with the most airports, 1700 of them. 3 key drivers: Mountainous terrains, huge tourism revenue, and trade facilitation. Wonder if an aviation overhaul can help in easing food transportation issues within Nigeria.
I spoke to a Nigerian entrepreneur/CEO whose business did
#500m
turnover in October. His monthly salary is
#3m
. His bonus, super hefty. Drives a G-Wagon. Same goes for most bank EDs. That's how I think startup founders should be remunerated. Entrepreneurial stipend + hefty bonus.
2008. My sister convinced my dad to give me N50,000 - which I wanted to use to apply for a .ng registrar license. You can’t predict the future, you can only prepare.
@whogohost
Happy 15th anniversary to Whogohost!
We have been standing strong for 15 years and we have you our customers to thank for it. Join us as we celebrate 15 years of being the best cloud solutions company in the West African region
Happy Anniversary to us 🥳🥳
#Whogohostis15
Nigerian students! Don’t let ASUU’s strike bring you down. Jobberman was born during an industrial strike in 2009. Learn a skill, volunteer somewhere, get a free internship. It don’t matter if you spend just 2 weeks, just start.
@whogohost
’s been trending on Twitter. Apologies to everyone here. Here is
#giveaway
. You can get a .ng domain on Whogohost for the next 24 hours at just N3,000. Use the code: “opeawo” on checkout.
If you love whogohost, please retweet.
A decade ago, I was trying to get into venture capital. I started Haystack because I didn’t get the jobs I wanted, so friends convinced me to start a small fund as a mini track record to eventually convert into a real job with another firm. But the universe was sending me a…
As a founder, be very careful about jumping on bandwagons. A startup that used to pose as a neobank play has hit $1m in quarterly revenues. I can still see neobank for X on their site but revenue from bank products is 0.2%.
Meta's whatsapp cloud API pricing for Nigeria and most of Africa does not make sense. It's 3x the price for North America. Is this a result of push back by African governments or Meta not being meta enough?
An African fintech spinoff (payroll) is looking for an entrepreneur leader to take it to the next level. Currently @ 100 companies, $120k already in monthly payroll. This is a mission not a job. High double digit vested equity. Interested?
There’s no need for statements like this. There are more Nigerian entrepreneurs in offline than digital. Yet both are needed. And beware, because something is loud on TechCrunch or on Instagram does not make it bigger. Or smaller.
Startup money can't see road to Oba.
Crypto money can't make noise at Oba.
There are entrepreneurs and there are entrepreneurs.
When Nigeria is ready for development, those entrepreneurs that appeared at Oba are most likely to build the industries that will boost our economy
Many single guys tell me they're finding it hard to meet a partner who's beautiful, smart, respectful, and 1000+ other criteria. You are looking for an already shining diamond shone by someone else, why not find your own diamond and shine it?
Skill is the same everywhere (mostly). The biggest noticeable differences between someone who’s worked at global companies and only Nigerian companies is their approach to
1) problem solving
2) conversations
Some people reached out to me to collabo and contribute data for AltSchool students' use. So we set this up. Anyone can donate.
@AltSchoolAfrica
will manage disbursement.
Donate:
Transparency:
cc:
@AdewaleYusuf_
@hackSultan
I just watched something that almost made me cry. Altschoolers, does anyone have a guesstimate of how much data you need per month to attend your
@AltSchoolAfrica
classes and do assignments?
Good move by MasterCard. The best distribution channel for payments is through mobile. And cards is definitely not going to be the winner in Africa in 10 years from now.
news: Twitter has agreed to acquire Laskie, the recruiting tech startup run by prolific tweeter
@ChrisJBakke
, in a deal that valued the company in the low tens of millions. Both cofounders and five Laskie employees now work at Twitter.
GSuite is becoming super expensive and bloated for emerging markets. Data sovereignty would soon become a big issue. Any founders/engineers/designers thinking about email and basic storage for small businesses?
Why is it hard for lots of frontend designers to do pixel perfect work? I mean, the job is to replicate exactly what you see... and since its code and not tailoring, you have a million chances to edit and make it good.
@Dualprince
@TalentQL
@markessien
Referral from a referral. They wanted someone who was great at using ChakraUI, a React component library created by Segun Adebayo another Nigerian and used all over the world (400k downloads).
If you had access to an API that allows you to get/query list of Nigerian companies by industries, number of employees, profitability, revenue, location and ownership and key decision maker (head of this and that); how will that help your business?
I wanted to get 1000 people earning $1000 in Ile-Ife, but
@AdewaleYusuf_
and
@hackSultan
are taking this to another level across Nigeria with
@AltSchoolAfrica
. I'm glad this is happening. Real life skills + a real certificate. Skills, check, certified, check. Don't miss it!
The startup journey is so unique - I know at least 2 fintech players in Nigeria with million dollar annual revenues (not transaction volume) while their CEOs were part-time. What made this possible?
We built not because of next valuation round but because we wanted to create value. As founding CTO
@Jobbermandotcom
, my developers earned at least 2x than me
@logbon72
dejibalogun
The eNaira failed because it wasn’t a real digital currency. Not programmable, not decentralized post-minting, no exchanges. It was another version of cashless Naira at best, a branding exercise.
Last year, Nigeria launched its much-ballyhooed eNaira, Africa’s first central bank digital currency (CBDC).
The jury is now in.
The eNaira has been a massive failure.
Here’s what really comes next...
Hint: it’s not what the elites hoped for
Going through job applications for
@getMoneymie
roles, I noticed lots of career switching from finance to software development. 10 years ago, it was the other way round - engineers going into finance. Amazing!
Experienced NFC implants for the first time. Was at this event in San Francisco and this guy waves his hand over my phone to share contacts. My Nigerian Church mind couldn’t stop thinking about 666.
Abeg, we need more developers. It’s still day 1. When you see a startup raising $10m from former colleagues in 2025, the seeds were sown yesterday. wants to breed more.
It’s
@falzthebahdguy
in the building. Thank you, bro, for investing in
@AltSchoolAfrica
the movement to unlock hidden potential in tech like you’ve done in music.
Super pumped to announce my investment in
@AltschoolAfrica
. 🚀
We are doing a phenomenal job preparing Africans for the future of work & I’m super excited to be onboard.
Again, really great work
@AdewaleYusuf_
@hackSultan
@opeawo
and the rest of the team!
Let’s make magic!
Lots of doctors in Africa want to earn more: so they japa or become social media creators like
@aproko_doctor
and
@the_beardedsina
to earn more $$$. A bigger impact play would be a Bumpa/Onlyfans for doctors (not hospitals) that let doctors start and grow their own private…
Dear founder, it’s ok to get 100 rejections from VCs. Don’t take it personal. Once the 101st agrees to invest or better, lead the round, a good number of the 100 that passed will be back.
I’m happy to announce
@TalentQL
LLC-FZ in UAE. Dubai has invested in positioning itself as a preferred location for companies looking to serve Africa & the Middle East.
We plan to be closer to our clients (Fortune 500 & top startups) while bringing opportunities to talents.
Connectors don’t get the accolades they deserve. It’s a destiny I dread. They connect everyone else to their big opportunity, but somehow never attain same level of success that they’d hoped. Be kind and remember those connectors in your life.
Customer: waits for 3 hours
CS agent: hello. Waits for 1min. since I haven’t gotten a response, I will be ending this chat.
This playbook is outdated, triggering and unnecessarily rude.
A better flow+messaging is: support threading + we hope to hear from you soon. we are always…
@nextzonsme
😀 I’m an unrepentant Entrepreneur. I have succeeded and failed. Successes include
@Jobbermandotcom
and
@whogohost
I like impact, innovation and money in that order.
Health Insurance if done well is a way to improve health infrastructure. Governments can make it compulsory for everyone and then in turn get the insurance companies to invest in healthcare facilities with the premiums.
My barber (Lekki) as at 2018 was netting ~
#250k
per month in take home - a mix of fees in shop, home service and tips. Dude always made jokes about college grads who look down on artisans but earned a lot less.
After conversing with a couple of folks that were once religious and now agnostic/atheist, I realized most had one thing in common: they had inadvertently trusted and "worshipped" men and women of God more than God.
Nigerians spend over $2 billion (₦750billion) annually on student education abroad. This is almost 25% more than the annual Federal budget for education (₦605billion in 2018) - Stears
Retailers and distributors cannot use the POS or app of every bank and startup. If Nigeria wants to have UNICORNS (read large new players) in our logistics space, we will need an Open Delivery logistics model.