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Re:African Startups Are Increasingly Attractive to Investors by sdenton4 on Wednesday August 09, 2017 @03:46AM (#14966364)
I'm writing from Nigeria! After talking to a bunch of tech people, and a great conversation with a different trying to start a restaurant chain, a common theme is onerous investment terms. Sounds like you can't get a investment unless you've been operations for a year or two already, and are already profitable. There is some amount of tech start up finding, but it's actually miniscule in the scheme of things.

You don't see many chains/franchises here: takes capital to start and expand them, which people can't get access to. So most businesses are one-offs. There's a lot of space for innovation here; living in Kenya, I used to say you couldn't walk down the street without literally tripping over a market inefficiency. Just gotta get the investment to come in and get to the right people...

(There's a direct flight from Atlanta to Lagos these days if anyone is interested in checking it out, by the way.)

Re:African Startups Are Increasingly Attractive to Investors by OoTheNigerian on Wednesday August 09, 2017 @06:39AM (#14967247)
Where in Nigeria are you? I'm currently in Abuja but I live in Lagos. Let me know if you need any pointers in getting around the startup scene.

My details are in my profile.

Re:African Startups Are Increasingly Attractive to Investors by sdenton4 on Wednesday August 09, 2017 @10:17AM (#14969093)
Leaving Abuja back to laps in a few hours, unfortunately. Sorry to miss you!
Re:African Startups Are Increasingly Attractive to Investors by kunlej on Thursday August 10, 2017 @04:32AM (#14977612)
Would be great to meetup if you're in Lagos