Elon never stops selling. This energy 👏 >>> You have just IPOed this company. And you are still doing marketing.

How @CascadorNigeria's acceleration and funding program differs from YC and others. 1. It's focused on the growth stage, not the early stage. 2. It doesn't have a standard, one-size-fits-all deal, like YC. Funding is tailor-fit to the startup 3... thecondia.com/cascador-progr…

And so it begins.

Everyone is complaining about how to raise money. Please, if you want to raise money as a Nigerian business and you have between N100m and N1B in revenue, you're profitable, and have at least 3 years of financial records please send an email to listings@assetbase.capital We would like to speak to you. In your email include the name of your company, the location and what it does. We have many people in Nigeria and diaspora willing to give you money. Don't say we never did anything for you. (Please retweet for reach. Thank you).

Why isn't Nigeria rich?Bad government? Corruption? Or is there a more uncomfortable explanation: the way we think about money itself? In my new article, I explore why some societies turn money into capital,while others struggle . Find the link here: medium.com/@drola/why-africa…

As a young woman, one of the things you must never do in a professional space is to put yourself in a situation where you are embarrassing. Never opt to be the office clown. It will affect public perception of you in a way that you will not be able to track or measure.

i am excited to see what will happen with tokenmaxxing startups, both for how they work internally and the products they can build. openai offered to invest $2M in tokens into every startup in the current yc batch. happy building!

Can highly trusted social institutions organize morally serious, competent people, build cross-group alliances, and redirect a nation toward stability and development? Historically, this has happened before in different forms: through business elites, religious institutions, military coalitions, reform movements, labor unions, intellectual classes, or national liberation movements.

Here are the top funded active healthtech startups in Nigeria. Reliance HMO at $48m and with presence in Egypt and Senegal, leads the way. Helium in second has presence in the Gulf region. Nigerian healthtech founders are doing remarkable things. s/o to @tc_insights_ , their healthtech report will be out soon.

The right question is who is doing the funding, and who do they trust. Investors fund people they can reach. Same city. Same network. Same legal system. If things go wrong, they can find you. The risk is not the idea. The risk is the distance.

It's not rocket science. He just cared enough to pick one big problem and solved it excellently well while others gave excuses why it couldn't be solved.

Stories we love to see

The “Maluleke Sisters” usually refers to three high-profile South African sisters Tsakani Maluleke, Basani Maluleke, and Refilwe Maluleke who became prominent leaders in business, finance, and public service in South Africa. They grew up in Soshanguve, north of Pretoria, during the final years of apartheid. Their mother was a teacher and their father a human-rights lawyer, and education was heavily emphasized at home. According to interviews, their parents moved them out of township schools because of political unrest and police raids during the 1980s. Here’s why they became well known: •Tsakani Maluleke became the first woman to serve as Auditor-General of South Africa, overseeing public-sector audits and government accountability. •Basani Maluleke made history as the first Black woman CEO of a commercial bank in South Africa when she led African Bank. She is widely recognized in South African finance and corporate leadership circles. •Refilwe Maluleke built a career in branding and strategy, working with companies like SAB, TBWA, and later Discovery Health/Vitality. The sisters are often discussed in South African media as an example of upward mobility through education, discipline, and professional achievement.

Only a small minority of people possess the rare combination of tenacity, intelligence, will, disciplined work ethic, perseverance, and luck required to build and scale a significant business.

Key difference between the older generation of entrepreneurs and the the newer VC funded founders

We can be right. But at what expense? The ecosystem?

Google is giving African startups up to $350,000. No equity. No repayment. Just capital and mentorship from their engineers. It’s called the Google for Startups Accelerator Africa. Most African founders have never applied. Applications are open right now.

Some founders called my fund size argument an excuse. Fair. Let me explain it simply. There are two ways a VC fund can invest. The first is spray and pray. You write as many small checks as possible, and hope a few companies break out. The second follows the power law. You write an initial check, watch which companies are winning, and keep investing more money into those winners to maintain your ownership as they grow. Both models live and die by the same rule. Your winners have to be big enough to return the entire fund. Here is the math on a $10M fund doing spray and pray. You write 80 checks at $100K each. That $100K at a $5M valuation buys you 2% of each company. Because you are not following on, every new round dilutes you. By the time your best company reaches Series C you own about 1%. They exit at $300M. You made $3M. You need 10 exits like that just to return the fund 3x. Or one company needs to reach $3 billion. Now a $500M fund running the power law. They write 30 checks at $5M each and reserve half the fund for follow-ons. When a company is clearly winning they keep investing to protect their ownership. By exit they still own roughly 10%. Same $300M company. They made $30M. And if that $5M bet fails completely? They lost 1% of their fund. They absorb it and keep going. The $500M fund is not braver. Its math allows it to take early bets, absorb losses, and double down on winners. A $10M spray and pray fund cannot do all three of those things at once. Don't hate the player, hate the game.

“Conocí a mi esposa (Priscilla) en una fiesta universitaria. Estábamos en la fila del baño. Yo estaba a punto de ser expulsado de Harvard por un proyecto polémico y le dije, bromeando: ‘Si vamos a salir, tiene que ser pronto… probablemente me echen en unos días’. Nunca imaginé que esa conversación se convertiría en el inicio de nuestra familia.” Nos casamos años después y ahora tenemos tres hijas. Cada una me ha transformado de forma distinta. La más pequeña, Aurelia, un día se plantó frente a mí y dijo: ‘No soy una pequeña, soy una grande’. Desde entonces exige su propio escritorio. No quiere juguetes. Quiere trabajar, como papá. Tiene solo dos años y ya quiere ser parte del equipo. Intento pasar al menos media hora con cada una de ellas cada noche, de 6:30 p.m. a 8:00 p.m. Eso es sagrado para mí. No importa si tuve reuniones con jefes de Estado o lanzamientos de productos globales, yo les leo cuentos, les explico cosas del mundo, o simplemente escucho sus historias infinitas de la escuela. Todo lo que hago, cada línea de código, cada hora que invierto en FB… lo hago pensando en ellas. Porque el legado más importante que puedo dejarles no es una empresa. Es un ejemplo. Que vean que su padre trabajó por un futuro donde ellas puedan construir lo que se les ocurra, sin límites… y con todo el amor del mundo. Mark Zuckerberg sobre cómo su familia se convirtió en su mayor motor.