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In Defence of Nigerian VCs
They deserve more credit than we give them In January, Terra Industries, a Nigerian defence startup and drone maker, closed an $11.75 million round led by 8VC, with Lux Capital, Valor Equity Partners, SV Angel, and Nova Global also participating. On the face of it, no Nigerian VC was on the cap table, and Nigeria’s…
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Global Cross-Border transactions. Will we ever get real time payments?
For over 25 years, Nigerians have benefited from the speed of payments offered by NIBSS (Nigeria Inter-Bank Settlement System), enjoying the convenience of instant local payments, leading many to assume this is how banking works globally. Across Africa, mobile money services are more popular than local banks in providing similar convenience, enabling near-instant transfers within…
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AI will change everything! Or not…
Historically, every time we made it easier to write code, we increased the need for software engineers. On an aggregate level, the tech industry should be fine in the longer term. All that AI-generated code will break in very interesting ways that need a human to debug.
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On financial incentives, and magic internet monies.
$133.7 billion of Warren Buffet’s $134 billion wealth was accumulated after his 50th birthday, despite becoming a millionaire in 1962
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So you want to be God’s strongest soldier.
“building a fintech is easy™️, why do banks and legacy institutions suck at providing an enjoyable experience.”
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Sometimes you have to bite the bullet. (Yet another intro)
Been giving other people advice for years? Give yourself the advice and see if it’s any good. Meet the market.
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Nnanna's Blog 