If I’m correct, IrokoTV was mostly funded through a Hedge Fund in Tiger Management. If that is the case, history shows hedge fund investments are bad for startups for all kinds of reasons. That could be a big problem as the fund may have to unwind its investment in the short term. Kudos though to Jason and his team, Africa’s in-connectivity with seamless broadband is a huge problem for businesses and users on the continent.
Without mentioning any corporate names, it looks like a lot of entrants who bought into the Africa is Rising narrative have pulled back significantly. Idealism and not Materialism historically stands the test of time. We all have a lot of work to do, to re-organize and re-brand Africa and it’s Diaspora. Best.