Mass Lay-offs, Mismanagement, Extreme experimentation: IROKOtv's Sh*t Hits the Fan!

…But truthfully, I don’t get the mobile only offering…

Of all time I streamed movies online, it was usually where/when I had a FREE WiFi(company supplied, hotel, or working night shift when I was with…)

Maybe they are the ones that got fired. They seem really bitter

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For their line of business, its normal to have expats. It builds credibility a lot. There are some investors who would ask for profile of your team and when they keep seeing Unilag, FUTO or Unaab there, that could be an issue. I think that is one reason for the numerous offices in four continents. Their HR model mirrors that of Rocket too but they know how to close businesses before the blood starts gushing out and they are bigger so no basis for comparison

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LOL why those choice of schools?

Hahaaa

I like tormenting graduates from those schools :grinning:

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Na u go tire :grinning:

No risk, no reward. At least, they are not stubborn and emotionally invested in what they eventually realise to be a wrong move. I don’t see the fuss here.

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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.

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asin, i had that exact look.

The problem iroko will have with its VC backers is exit. If they see no way to get out of what may turn out to be a long hard money draining slog of an operation they will do what VCs often do which is slash and burn costs and appoint their own guy to oversee and babysit a much slimmed down operation.

The issue and truth here is simple; if you decide to work for a start up especially if its in Nigeria, you are taking a huge risk and there is no job security there weather it be a Jumia, Dealdey, Konga or an Iroko, you ain’t safe and the Sh*t can hit the fan at any time.
For those who lost ther primary source of INCOME, suck it up and move on.

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