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How to Nail your First Round of Fundraising

Most people think the first round of fundraising happens with investors….and that’s flat-out WRONG.

As a founder, your first true round of fundraising is building a team. THINK about it.

You have to persuade three to four people to buy into your idea, forgo a salary (most of the time) , and bet on building a great company. You have NO business going out to look for funding if you can’t persuade a team of people to turn your idea into reality.

Nail your team-raise and you’ll have great practice in pitching, showing value and negotiation….some skills needed to be an effective founder…oh… and fund raise.

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#MondayRant Why I won't buy Wearables in the near future

Most of my friends pre-ordered the Apple Watch and are super excited to start using a watch to read their texts and tell time. I’m not all that excited about the Apple Watch and other wearables out on the market because they miss the larger need and opportunity in the market.

The power of wearables and other internet of thing products is the ability to communicate with other products. It’s not about the device itself, but creating a network of products that add value to a users experience.

Take the Apple Watch for example. I know it can do a lot of other things but maybe instead of telling time on my watch… I want a wearable that can push information to a wall, mirror or my car. I’m not concerned about the wearable itself as much as I am concerned with the wearables ability to communicate with the world around me. The Apples and the Googles of the world should focus on building an ecosystem of products that will communicate with each other than competing on specific products….or maybe even compete on platform.

We’ll see what the future holds but I’m not going to be an early adopter until I see utility.

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#NigeriaDecided

Politics aside, I’m glad that democracy worked in Nigeria’s election. The real MVPs this time around:

  • Attahiru Jega, Chairman of the Independent National Electoral Commission (INEC)
  • Democracy…. Yep democracy won this time around
  • INEC…From what it looks like, INEC managed the complexities of the Nigerian political system well. Hats off to them.

Good day for Nigeria and a great day to be Nigerian. Lets see what the next chapter holds.