I thought we all learnt from the WeWork IPO saga of 2019. It is sad to say this but startups are going to see a lot of reassessment of their valuations. This will lead to massive layoffs.
This is an incredibly pessimistic view "My stand is that all startup equity Nigerian companies wish to offer their employees is as worthless as the paper on which the employees sign those contracts, and for those who want to argue, all they need do is look at and compare outcomes between the founders and ex-employees of Fast, Konga, Fibre and a whole lot of other hyped startups."
How about you look at companies like Stripe, Flutterwave, Paystack and a whole lot of other viable start ups where employees have made a killing selling secondaries. You can also take a look at the plethora of tech start ups that IPOed in 2021?
I struggle to grasp what you intention behind your statement. Businesses are typically risky, they will either fail or succeed regardless of fund raised or not. Using a few failed startup as a yardstick for a whole industry filled with odds-defying success stories is mind boggling.
I thought we all learnt from the WeWork IPO saga of 2019. It is sad to say this but startups are going to see a lot of reassessment of their valuations. This will lead to massive layoffs.
This is an incredibly pessimistic view "My stand is that all startup equity Nigerian companies wish to offer their employees is as worthless as the paper on which the employees sign those contracts, and for those who want to argue, all they need do is look at and compare outcomes between the founders and ex-employees of Fast, Konga, Fibre and a whole lot of other hyped startups."
How about you look at companies like Stripe, Flutterwave, Paystack and a whole lot of other viable start ups where employees have made a killing selling secondaries. You can also take a look at the plethora of tech start ups that IPOed in 2021?
I struggle to grasp what you intention behind your statement. Businesses are typically risky, they will either fail or succeed regardless of fund raised or not. Using a few failed startup as a yardstick for a whole industry filled with odds-defying success stories is mind boggling.