Investing in Nigerian tech startups

INFOGRAPHIC: The Different Stages Of Building A Startup

Posted: June 30th, 2014

INFOGRAPHIC: The Different Stages Of Building A Startup

“The reason we love investing in startups in Africa is the gaps in the market. It means there is no end to the types of businesses that have real growth potential, tech startups here are playing into key trends – strong increase in population, especially in cities where customers have buying power, rapid growth in internet and mobile usage, everything is going up. The only caveat here is that it’s early days for internet in Africa, so there are not many tech entrepreneurs with the experience and discipline necessary to test and grow this kind of company. I think that’s where we can really add value, and why we beyond investment, make quite a big commitment in terms of involvement.” says Kresten Buch, Founder and MD 88mph, Co-Director of 440.NG

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