''There is a chance that conventional wisdom is correct, so do your due diligence. But if it's wrong, therein lies the best opportunity, and it'll be hard for anyone else to compete with you.''
On disruption.
My friend Nikolai who put UNEB past-papers online for free for students now he tells me they have added 9 other countries in Africa.
Zambia, South Africa, Kenya, Eswatini, Mauritius, Namibia, Seychelles, Rwanda and Tanzania. Share with your students!
https://t.co/7zwfPSnRSr
The sequence of events that led to Erias Lukwago being charged with misprision of treason at Makindye Chief Magistrate’s Court yesterday is not complicated, and we should not let the legal language obscure what actually happened.
1/6
@Velocityhq_ we recently invested in @usetimon, a travel lifestyle financial platform that enables users to live and spend like locals no matter where they go.
Travelers to and from emerging markets still face:
• card failures abroad
• limited access to local currency across markets
• poor FX through cash
Timon is starting with Africa, where ~103M travelers spend ~$370B per year: a large and underserved market.
We didn’t just back the market. We backed founders with direct insight into the problem and the experience to build for it.
Early-stage investing always carries risk. Our role is to underwrite large opportunities and back founders we believe can execute at scale.
That’s why we invested in Timon.
If you’re building a startup from Africa for the world, comment “Velocity.” We want to hear from you
Most founders have a problem they've experienced personally.
Few know if that problem is actually a business.
@iamprincenathan lost containers of goods in 2022. Instead of moving on, he went to Alaba International Market and talked to 1,000+ traders.
Those conversations became @usebrydge — now moving transactions across 12 African trade corridors, backed by @MastercardFdn.
Join us tomorrow as Nathan breaks down how to validate problems when surveys don't work
March 31, 6PM GMT+1
Register: https://t.co/W4K3zASe4Q
@theos_mafia @missnBri Consider a marketplace
- connecting people from an area who want to make a quick buck from picking and delivering rubbish.
- they live in that area; makes it easy for them to pick, deliver to a collection point close to them.
- you make a % of each collection.
@missnBri https://t.co/ebKFoLjdsW you will find this helpful if and when you decide to build this. Has resources on how to evaluate ideas, build and grow etc.
Good luck!
@Jasielinvests does a great job explaining how founders in Africa Tech should think through engineering their exit early. In summary, prioritize compliance, gain leverage and:
“Start engineering the relationship with your acquirer today, not when your runway forces the conversation.”