Comments on: Why Are Nigerian Start-ups Left Out of VC Funding? http://www.startupsnigeria.com/2008/11/why-are-nigerian-start-ups-left-out-of-vc-funding/ Showcasing Nigeria's Web Startups Mon, 15 Mar 2010 04:53:24 +0000 http://wordpress.org/?v=2.5.1 By: Startups Nigeria » Afrifunding - Entrepreneur-Investor Matching Site for Africa http://www.startupsnigeria.com/2008/11/why-are-nigerian-start-ups-left-out-of-vc-funding/#comment-9266 Startups Nigeria » Afrifunding - Entrepreneur-Investor Matching Site for Africa Wed, 22 Apr 2009 12:09:23 +0000 http://www.startupsnigeria.com/?p=475#comment-9266 [...] If you are an African entrepreneur, you may benefit from this article on How to Position Your Startup for VC Funding. Whether you’re an investor interested in African businesses or an African entrepreneur, you can benefit from this article on Why Nigerian/African Startups Are Left Out of VC Funding.  [...] [...] If you are an African entrepreneur, you may benefit from this article on How to Position Your Startup for VC Funding. Whether you’re an investor interested in African businesses or an African entrepreneur, you can benefit from this article on Why Nigerian/African Startups Are Left Out of VC Funding.  [...]

]]> By: Pierre Diatta http://www.startupsnigeria.com/2008/11/why-are-nigerian-start-ups-left-out-of-vc-funding/#comment-8681 Pierre Diatta Sun, 05 Apr 2009 16:42:12 +0000 http://www.startupsnigeria.com/?p=475#comment-8681 Take for instance, someone like me who have been looking for an Angel investor to set up my housekeeping service business. Even with my finanacial plan and marketing plan and every other thing in place just ready to roll the business, I still meet a whole lot of people who declined simply because it is originating from Nigeria. Although I am not from a background of what you are looking for, but just thought to put in my own comment to comend your effort of letting the world know that we as Nigerians are not all bad. I know there are people out there who can raise N3m for me out there and see a big brand emerging from this part of the world. Take for instance, someone like me who have been looking for an Angel investor to set up my housekeeping service business. Even with my finanacial plan and marketing plan and every other thing in place just ready to roll the business, I still meet a whole lot of people who declined simply because it is originating from Nigeria. Although I am not from a background of what you are looking for, but just thought to put in my own comment to comend your effort of letting the world know that we as Nigerians are not all bad. I know there are people out there who can raise N3m for me out there and see a big brand emerging from this part of the world.

]]> By: papa qube http://www.startupsnigeria.com/2008/11/why-are-nigerian-start-ups-left-out-of-vc-funding/#comment-7881 papa qube Fri, 27 Feb 2009 16:57:04 +0000 http://www.startupsnigeria.com/?p=475#comment-7881 I believe it takes a while but its happening in Nigeria! soon! we would surely rule. I believe it takes a while but its happening in Nigeria! soon! we would surely rule.

]]> By: Naijabator Startup Marketing http://www.startupsnigeria.com/2008/11/why-are-nigerian-start-ups-left-out-of-vc-funding/#comment-7705 Naijabator Startup Marketing Tue, 17 Feb 2009 19:08:12 +0000 http://www.startupsnigeria.com/?p=475#comment-7705 Inorder to attract VC funding and angel investors, Nigerian startups must show propects of generating rvenues in the forseeable future. VCs make investments that are promissing and seem to generate profits and growth of investment. The good news is that the userbase in Nigeria is big, even bigger or almost doubling what there is in Africa. But all our startups can not rely on ad revenue models alone. There has to be a standard and secure ecommerce payment solution to monetize all those users. The startups are responsible in realising such an acceptable payment solution that the users would feel safe to put their money in for online transactions. It's high time they unionise and support the payment platform that they see is best fro the Nigerian Internet users. That is the only way to show investors the money, we shouldn't rely on the government to do everything. Inorder to attract VC funding and angel investors, Nigerian startups must show propects of generating rvenues in the forseeable future. VCs make investments that are promissing and seem to generate profits and growth of investment.

The good news is that the userbase in Nigeria is big, even bigger or almost doubling what there is in Africa. But all our startups can not rely on ad revenue models alone. There has to be a standard and secure ecommerce payment solution to monetize all those users.

The startups are responsible in realising such an acceptable payment solution that the users would feel safe to put their money in for online transactions.

It’s high time they unionise and support the payment platform that they see is best fro the Nigerian Internet users. That is the only way to show investors the money, we shouldn’t rely on the government to do everything.

]]> By: Startups Nigeria » Can Ideas Nigeria Provide Entrepreneurs Start-up Funds? http://www.startupsnigeria.com/2008/11/why-are-nigerian-start-ups-left-out-of-vc-funding/#comment-6915 Startups Nigeria » Can Ideas Nigeria Provide Entrepreneurs Start-up Funds? Wed, 14 Jan 2009 13:56:26 +0000 http://www.startupsnigeria.com/?p=475#comment-6915 [...] you ever wondered why start-ups originating from Nigeria are hardly funded externally? Could it be because they lack innovative ideas? Or is it the fact that most startups from Nigeria [...] [...] you ever wondered why start-ups originating from Nigeria are hardly funded externally? Could it be because they lack innovative ideas? Or is it the fact that most startups from Nigeria [...]

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