Squord

Community of Angel Investors focused on funding and scaling tech startups in Africa

[Oo Nwoye @OoTheNigerian]

The deadline for #Pitch2Win is midnight today

Why have you not applied? This is one of the few "all upside" activities you can partake in.

Beyond the competition, a large number of investors will be looking through the applications.
Be bold. Apply.

https://t.co/sjYguxPUns

[TD @TomiDee]

My new book ‘investment worthy startup’ is out now!!! All you need to know to help you build a start up company. It has been a true labour of love. To order please click here https://t.co/QWmXEMVWju #startups #africa #Entrepreneur #venturecapital #angelinvestor

[TC Health @TCHealthNG]

Our founder joined the @Squord1 podcast to discuss the healthcare system in Nigeria. In this fascinating episode of Squord Academy, she shares insights on the industry.
Click the link in our bio to listen to the full podcast. Share your thoughts!
#podcast #tchealth #braindrain

[Squord @Squord1]

In this interview, she shares her views on health worker migration, health insurance trends in Nigeria and a lot more!

https://t.co/xdUxy3Kyn7

[Squord @Squord1]

This week, we had the pleasure of speaking with Temitope Coker! She founded TC Health in 2021 and has rapidly grown the company to one of the most reliable platforms for African healthcare insights. @TCHealthNG

[Mr. Edosa @BusinessPlanSMB]

@xoreniii is really one of the most interesting people to chat about personal finance with!!! Thoroughly enjoyed having her on @Squord1 podcast 🎙️ 💯
https://t.co/frI0NTmR6y

[Squord @Squord1]

It was truly inspiring discussing with you! 🤩🚀🙌🏾

[reni, the resource | finance & travel @xoreniii]

I was recently on @Squord1 discussing my creator journey going from a few followers in 2020 to building a community of over 90,000 wonderful humans across my platforms in 2023.

I share how I grew my brand, what it’s like being an entrepreneur & more.

https://t.co/oq4pmkPE0e

[Allison Byers @apbyers]

Writing $5K checks is a great way to get into angel investing. If you deliver human and social capital alongside your $, you'll be sought after and valued even with a smaller amount.

It's also a great way to build up your own portfolio, test your thesis, and diversify.

[Fatima @TiiimaT]

🌍 Africa's biggest tech acquisition wasn't a fintech, but an AI startup! 💸 @Instadeep started with just $2k in 2014, but has now been acquired for $682 million! 🚀 From a local Tunisian firm to a global player, they're serving clients across Africa, Europe, and America.

[Squord @Squord1]

The ability for startups to swiftly scale down cost, without impacting operations as much, is a SKILL. And that’s the real meaning of technology

[Squord @Squord1]

Important note for founders in Africa. As funding becomes tougher, cashflow management is key.

We see how quick Big Tech companies scale down once there’s economic slowdown.

[TechCrunch @TechCrunch]

Partech hits first close of largest Africa-focused fund, at €245M https://t.co/Qv9vle6OAf by @ulonnaya

[Squord @Squord1]

We first read this as “small chops” and got excited! 😜 But still insightful 🧵, the informal sector is a low hanging fruit for value creation

[Stephen Deng @mrstephendeng]

Small shops in Africa are about to see millions upon millions of VC dollars looking to digitize the previously informal.

[Mira Mira on the wall @ShoutsAndMiras]

We were talking yesterday about farmers in our program who we set up with bank accounts, and how just setting up the account doesn’t (shouldn’t) count as financial inclusion on its own. Why?

[Squord @Squord1]

@EfosaOjomo Seed stage funding, particularly by clubs/Angel groups. Seems to be the only stage designed for market creation. After that funding options become very institutional. That’s why we strive to scale seed funding culture

[Squord @Squord1]

For the founders, it’s one of two things: 1) an opportunity to jump ship with some goodwill still intact or 2) an opportunity to hopefully turn the ship around. A ship 🚢 they now hold less equity in (if any)

[Squord @Squord1]

Interesting lesson in this insightful scenario is that valuation decisions made at seed rounds are very crucial…probably the most important ever. Undersell/Overdeliver in order to optimize for long run

[Neto @docneto]

You raise a seed round at $20m pre. Market has changed and you're struggling to meet milestones and raise the next round. You've built a decent team and product albeit slow growing. An incumbent comes with an offer to acquire for $4m do you take the deal?

[Squord @Squord1]

Also an opportunity to be acquired in this scenario is a hallelujah moment. Since the alternative is $0. But the biggest winners will be the pref. Investors

[Squord @Squord1]

Really important for Angel investors to understand this

[Elana @ItsElanaGold]

Most angel investors will only invest in Pre-seed deals if Tier I Venture Firms are in the round.

The majority of Unicorns were not funded by Tier 1 at Pre-Seed.

Remember that.