Endeavor Nigeria’s Post

Dear African Startups, Remember this, greatness isn't reserved for the already accomplished; it's the reward for those who dare to begin. Each idea, each endeavor, no matter how small, is a seed of potential waiting to blossom into something extraordinary and legacy worthy. Embrace the journey, cherish the challenges, for it's through these trials that your true strength is forged. Stop waiting for the perfect moment or the perfect plan; start now, with what you have, and where you are. Your journey to greatness begins with that first bold step. Believe in your vision, trust in your abilities, and let your passion guide you forward. Together, let's redefine the future of Africa, one startup at a time. With love The Association of African Startups (TAAS AFRICA) #TAASAfrica #Africa #Africanstartups #africanentrepreneurs #entrepreneurs

Joining a startup as a non-founder CEO is a herculean task. Founders naturally have higher ownership and will influence business decisions. What is the typical shareholding a non-founder CEO can expect? 💡 Our recent data on CXO compensation suggests that non-founding CEOs can expect ~20% ownership in a bootstrapped startup but it lowers to ~3-4% ownership for Series A and above startups. ✍ We, at Endeavor Kenya, carried out a survey to understand the market nuances of CXO compensation across 4 major countries in Africa: Nigeria, Kenya, South Africa, and Egypt. 📑 You can access the summary report here: https://shorturl.at/spTCP To learn more about how the compensation of CXOs changes as they move across funding rounds and consider participating in the survey for future reports.  #compensationinAfrica #startups Alan Nderitu Tabitha Amondi Maryanne Ochola Cheryl Itemere Pushpal Tayal

Overcoming Trust Barriers in the Nigerian Startup Ecosystem Starting a business in Nigeria comes with its unique set of challenges. One of the most pressing issues for founders is dealing with perceived dishonesty and lack of transparency. This can create significant barriers when seeking investment and building partnerships. 🤔 🔑 Key Challenge: The perception of dishonesty within the Nigerian startup landscape often deters investors and collaborators. This skepticism can make it difficult for startups to secure the necessary resources and support needed to scale and succeed. 🚀 Our Approach: At Origin8lab, we are committed to fostering a culture of openness and trust. We believe in transparent operations, honest communication, and ethical business practices. By setting a positive example, we hope to change the narrative and build stronger, trust-based relationships in the startup community. Together, we can overcome these challenges and build a thriving, transparent, and trustworthy startup ecosystem in Nigeria. 🌍✨ #Entrepreneurship #NigerianStartups #Trust #Transparency #Innovation #Origin8lab

Very interesting conversation. If you have interest in entrepreneurship and the startup world especially from the African context. I highly recommend you to watch this session. Iyinoluwa Aboyeji, CEO and general partner of Future Africa. As a serial entrepreneur, he's known for unlocking Africa's potential through technology. Having founded unicorns like Flutterwave and Andela, he's now empowering startup founders and business owners. He shares the challenges and successes he encountered along the way, while building Andela and Flutterwave, an experience that can offer you valuable guidance in your business venture. Most importantly why you should not as a founder offer “entrepreneurship as a service” but aspire to build a successful company. #founders #investment #africa #business Credit to the host; Venture Valley Here’s the link to the session https://lnkd.in/eazffths

What's it like to be an African Startup Founder? In this article, Jesutofunmi Adedoyin gave an insight on the realities of being an African founder based on a new report by Flourish Ventures. Enjoy the read: https://lnkd.in/gFxk4gNd

Village Capital Invests USD 1.3 Million into 5 African Entrepreneur Support Organizations. Meet these 5 ESOs awarded each USD 260K (a total of USD 1.3M across the 5) to run their own climate-focused entrepreneur-facing programs and provide pass-through grant funding to the startups they support.

🌟 𝐖𝐞𝐥𝐜𝐨𝐦𝐞 𝐭𝐨 𝟐𝟎𝟐𝟓! As we step into another promising year, Lagos Angel Network(LAN) remains committed to fostering innovation and growth in Africa's startup ecosystem. 2024 was remarkable for Nigerian startups and investors alike. We're excited to continue building bridges between visionary entrepreneurs and impact-driven angel investors. This year, 2025, we would continue to: 🧿 Expand our network of angel investors 🧿 Support more early-stage startups 🧿 Strengthen Nigeria's entrepreneurial ecosystem 🧿 Drive sustainable economic growth Join us in making 2025 a transformative year for African #innovation. Whether you're an #investor looking to make an impact or a #startup seeking to scale, let's connect and create value together. Here's to new #possibilities, stronger #partnerships, and unprecedented #growth!

Unravelling South Africa’s Startup Secrets. South Africa's startup ecosystem, fueled by innovation and economic growth, reveals unique traits contributing to its success. With venture capital investments exceeding USD 2 B in five years, South Africa boasts stable political conditions and robust infrastructure, fostering entrepreneurial endeavors. Despite challenges like unemployment, the ecosystem remains resilient, emphasizing bootstrapping and robust product-market fit. Insights from industry veteran Will Green shed light on South Africa's measured growth trajectory, strategic exits, and potential for regional expansion. Will spoke to Nayantara Jha: https://lnkd.in/dK3vGw5g #SouthAfrica #StartupEcosystem #VentureCapital #Entrepreneurship #EconomicGrowth

News of Copia's departure from Kenya got me thinking... Is starting an African startup and maintaining it tough these days? It's not just about inflation or economic woes. I think it's partly about the 'American startup model' many try to emulate here. Don't get me wrong, the American model isn't bad. It's just...different. It's built on rapid growth, massive funding rounds, and aiming for a quick exit (like an IPO). That can be awesome, but it might not always fit the African context. African markets often need a slower, more sustainable approach. Building trust, understanding local pain points, and creating solutions that truly fit the community... that takes time. Some startups do adapt and find that African model, and they often thrive! So, is it hard to start an African startup today? Yes, in some ways. But it's also an opportunity to innovate, to build something truly unique. It's important to note that there isn't one single "African model" for startups. The continent is diverse, with different markets and challenges. #Startups #Entrepreneurship

Baobab Network Expands Reach: Acquires South African Agency, Reflector Marketing Baobab Network, a leading early-stage investor in African startups, has acquired Reflector Marketing, a premier strategy and branding agency based in South Africa. Baobab, known for its support in capacity building and fundraising since 2019, recently increased its standard investment to US$100,000, boasting a portfolio of 50 startups. Established in 2022 by Klyne Maharaj, Reflector Marketing specializes in strategic marketing, branding, and digital services tailored for startups. The acquisition aligns with Baobab's ambitious expansion plans across Africa, as stated by co-founder Toby Hanington. Maharaj and his team will integrate into Baobab, with Maharaj assuming the role of director of the accelerator. This strategic integration aims to provide comprehensive in-house support to portfolio companies, enhancing their growth and investment readiness. Maharaj expressed enthusiasm for the synergies between the two entities, emphasizing their shared goal of empowering African entrepreneurs to succeed in the global market. #startup #digitalnewsafrica #digitalnews