Just so we are clear, GB invested in Terra; GB of Flutterwave through Resilience17 Capital. (https://t.co/NdYPFH6Iio)
Now to the real discussion, Venture Capitals in Nigeria are doing great and fine, and this slander on them is not needed.
When a venture capital company is starting out, they always have a niche they are interested in; venture capitals do not just provide capital and go to bed, often they guide, network and assist founders on how to navigate the company. (Iyin does this a lot)
What Terra is doing is premier in the Nigerian tech space, very few individuals have experience, understand what they are doing or even comprehend much on what is going there.
Hardware manufacturing, especially military hardware and defense technology is not a space you invest in 2 years and make profit; like I said yesterday, it took Palantir 20 years before they became profitable.
Average life expectancy of Nigerians is 55, do you think the VC guys have the luxury to wait that long ? Also this is a business that require continuous capital more and more, it’s often not a one time investment.
The VC’s themselves are managing funds for various people, and those individuals have a set limit on patience. The other day we highlighted how much start ups fail in the first 5 years.
It’s easier when a Venture Capital has billions of dollars under management to sign cheques and wait, than when a Nigerian VC all they have is millions of dollars and every dollar has to technically count.
For context 8VC (Joe Lonsdale) that invested in Terra has 6B dollars assets under management. In contrast with Resilience17 (GB Agboola) that also invested in Terra has 35m dollars assets under management.
Many of the innovative projects that Nigerians might have don’t have Nigerians who can mentor them; even dangote when building his refinery had to hire foreign experts at some stage.
The Nigerian VCs navigate where they know, what they understand, and calculate what they can project and assume, they don’t have the capital to play around.
It’s like when your father is Otedola, you can get to pick whatever course you want or decide not to go to college; when your father is a civil servant, you would love your Medcine and surgery and you would know there is no space for lapses.
As promised, 1 full lap with chaos and destruction.
All cars feature a detailed damage model,
A lot of the track is destructible,
each lap offers new, unique challenges.
Camera still needs to be fixed.
Weird sound bug and those black lines also needs to be worked on.
Other than that, enemy AI, level design and graphical fidelity is on the to do list as well.
When I posted this, it was considered right wing — a university had just claimed that saying it constituted a "microaggression." Now it reads as left wing, because it implicitly supports immigration.
I open-sourced ThreeUI, my library of three.js components and landing pages.
160+ are free, and the tool is free too. It includes procedural 3D hero sections, icons, and motion designs. Copy the prompt or source, give it to your agent, then change the theme, lighting, motion or layout.
Live site: https://t.co/rtCfqeZnOP
Repo: https://t.co/B66ahgxHVl
I'm adding a lot more soon. Pro comes with 50+ extra components, MCP, and skills. Early adopters get 50% off right now.
@launch_llama https://t.co/tGeQR8bBNR Bid for the top spot in your country and pay with cryptocurrency (BTC, ETH, XTZ, etc.). There’s a ceiling of $500.
Software hiring has become absurd.
At work, you’re expected to use AI to offload manual coding and move faster.
Then, to get your next contract, you’re asked to code from memory with no assistance.
Pass the interview - and you’re expected to use AI again.
It has never been this broken.
I’m a tech enthusiast based in Ghana, and I’m here to explore how technology is transforming Africa. Over the coming weeks, I’ll dive into FinTech, AI in sports, digital education, and how the World Cup is fueling tech innovation. Join me on this journey let’s shape the future together! #fintech #ghana #ai #africa
I looked through the NITA bill and it’s outrageous. Kenya, Singapore, etc. are leading in tech because of friendly policies that attract VC funding. We already struggle with funding, infrastructure, and no support for programmers and founders. Why impose even more hurdles on us?
Policies like this will only force us to use our skills outside the country instead of building here. I’ve worked mostly in Ghana my entire life and have never received the level of financial and educational support for my career and startups that I received from the US and UK.