7 Comments
User's avatar
To Olufolaremi's avatar

"Business banking wasn't the issue; having a strong understanding of the target market and their business viability was the issue."

Very challenging thoughts.

Lumi Mustapha's avatar

Another excellent NADD piece .

Good to see the tide shifting toward businesses that are designed for Africa’s realities — and toward exits/liquidity paths that actually fit the terrain.

sultan's avatar

Nice piece muyiwa seems you're raising a white flag😂😂 but saying some things that had to be said

Iyanuoluwa Ajao's avatar

Thís is a compelling article. Well done! There is also the need to talk more about bootstrapped startups. Selar is doing well. People need to know that bootstrapping is an option especially in the Nigerian/African market.

Danny's avatar

This is a brilliant piece. The biggest failure of the startup ecosystem in Nigeria is the failure of VCs to engineer and coordinate acquisitions. You captured it right when you summarized the business model of Nigerian VCs as pumping of startups to dump for foreign investors.

Olumuyiwa Olowogboyega's avatar

I also particularly like this piece because it's feedback on something we published.