Thank you. & I think we need to see more people fill up the funding chain. It is for now, very lopsided because everyone is trying to de-risk as much as possible which is fine, I mean it’s your hard-earned money and you don’t owe any nigger. You want the benefits of an early stage investor without being truly early.
We need the N3-5m guys that can come in to invest in people not necessarily products, and very early stage (No one is ever truly early if the person has a good background and smart and investor trust they can execute, and may be have prior history of doing great things.) There are folks if I have money to throw around, I can bet on without a line of code, or customer or product. Segun Famisa, Efe money, Binjo and co. I don’t think there is anyone at this stage, or may be I just don’t know. YC was mostly like this in the early days when they invested in the Aaron Swartz(RIP) and co. Or even the Reddit guys with $20,000.
Followed by the current guys claiming angel investors. Most of these guys are better at the pre-seed stage with the type of money they have/offer. More interesting ventures will get started this way when folks put basic N1-5m bets on smart to-be founders, then the seed guys come in next, and that way, we proceed together accordingly. But no, it’s Nigeria. Let’s just be “anyhow”, Zuckerberg will fix it for us. I read the Jason’s post that was applauded the other day on Ogavenue’s investment. It’s cool and somehow I have a thousand comments to it to how I disagree with the central thesis of the post. The one, that was especially applauded by everyone. But that’s not the point here.
Beyond bringing more money into ecosystem, global or local rich boys, let’s distribute across all the chains that smart founders need it, and various product categories. These days everyone have angel investor on their bio or claim it on Twitter, what does that even mean? What have you invested in? What’s your investment interest? Are you pre-seed or seed? Let’s get our shit together first, my point. Then maybe outside money can be invested in funds at all the various stages, from pre-seed to Series Z, and we can have founders to feed through the chain. Until then, boys will always be on mediocre shits, because most smart folks might not be truly able to afford working on interesting problems.
But till then, let’s keep starting new thread on this, and giving reviews on the 20th cinema app like anyone care but it’s fine. We will all be fine especially for those that eventually push through regardless.
. Not because I want to prove that I have arrived (although you can never help how people see it), but to intensify the signal that began with Jason and Mark.
