With the exception of TEF (I hope), there is a whole corporate philanthropy industry that exists purely for the photo-op, completely detached from actual outcomes. The award ceremony ends up costing 10X more than the prize money itself.
That Dangote grant shows that he has too many “low-quality” people around him. You want to do something good, and it somehow ends up being less than the barest minimum. It shows that it wasn't his idea, and he couldn't really be bothered.
He tasked others who are also less bothered and have minimal interaction with the innovation ecosystem. The cycle of “anyhowness” continues. They are richer by the day and are worshipped by most, so who cares??
Aliko’s relationship with Bill Gates and the lack of impact it has had on local innovation remain the greatest mysteries.
Pierre Omidyar’s philanthropy, combined with targeted interventions by Google, laid the foundation for the software talent stack we have in Africa today. Nothing else sensible was added to it by our wealthy beyond performative acts of charity.
One program that also bothers me is Tony Elumelu’s entrepreneurship initiative. TEP. It is underperforming. A lot of announcements and money have been spent, but there has not been enough impact. I don't think it has been properly run, and it is not his fault. Like Dangote, he has people around him who also do the barest minimum but make the most announcements.
Heirs is a phenomenal institution that I would like to see receive more focus, and they should play a more active role in ecosystem building than Oga Tony’s personal philanthropic activities. Maybe it is all our fault. We have not presented these men with viable ideas for how to do this or with the structure to implement them.
I learned a lot from Edo Innovates about how good intentions can amount to little if you wait for money to come before taking action. Structure first, support next. Both are active, not passive, processes. Jim Ovia and Moniepoint are excellent examples of how to do it. There are many other startups he has supported quietly that are doing great. It is still not enough.
Dangote, Elumelu, Jim Ovia, and others can invest in initiatives that can be white-labeled for their brands and are also very effective. I have seen that with Village Capital’s partnerships and not much else in Africa. We need to do better than criticize them. We can also help them to help us.
Church played a recording of kids wishing their dads happy Father’s Day and answering interesting questions. Every kid answered “my daddy” when asked who’s the most handsome man you know until one kid out of nowhere said Lebron James. 🤣🤣🤣
Wonder if anyone would build a political campaign AI agent or something of that nature. Fed an interesting prompt asking for campaign plans based on several factors and insights and the results were interesting. Would be fun to see what team deploys that this season.
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@yfly58 Hello Chief, thoughts on Hair restoration niche and Equipment liquidators. The later is tricky cause it’s quite time bound but noticed only few companies run ads in the space.
I've being seeing alot of comments and one that keeps coming up is how run ads to do get your first client in a underserved niche. Ill elaborate further tomorrow on another space
Also I'll be launching 2 courses this is not mandatory to get only if you want more indepth breakdown as I realized I can't go comprehensively with just spaces and replying everyone back to back there is so much more to know and understand so much
One course will cover how to use my custom methods to research niches and how to use apps, automate it, do outreach better, the scripts to use and much more the other will cover how to run ads, creative testing, and show my methods and much more
Its not compulsory to get these courses, this for those that want advanced info and access
However ill keep dropping free value back to back and nuggets
See yall tomorrow. 🫡
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If only this gbas-gbos & tribal Olympics culminated in real progress. Aren’t you a tad bit disappointed at the subjects of your conversations?. Puritanism and protectionism that doesn’t translate. For goodness sake, check the stats/indices and see we have way bigger problems.