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What Ambitious Startups Can Learn from the NFL’s International Growth Strategy

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The new NFL season is about to get underway, and while most of the action and fandom are based in the United States, a significant portion of the NFL is now “international.” Seven games will be played in other countries across the 2025 season, including places like Spain and Ireland for the first time. They are almost guaranteed to be sold out (some already are).

While it might seem like a given that every sports fan in, say, Ireland will want a ticket for the game, it’s actually the culmination of a long, well-thought-out strategy that has taken years, decades, even to pull off. We’d argue that the NFL is light-years ahead of other leagues, including the NBA, in expanding its international footprint, and we believe that there are valuable lessons in its strategy that can be applied to any startup or established business seeking growth in new markets.

Patience Pays Off

One of the interesting characteristics of the NFL’s strategy was taking a long-term approach. People point to the sold-out stadia for the London Games (three per year in the fall) as the hottest ticket in town, but it took years of strategy to reach that point, partnering with broadcasters, doing deals with local stakeholders (two games are played at the Tottenham Hotspur Stadium), and building up a presence in other ways. As to the latter, NFL academies are springing up across many different countries. They won’t produce the next Tom Brady tomorrow, but they establish grassroots connections with local fans.

It’s Not Just About the Games

Hosting a game in London or Berlin a couple of times a year is only the focal point of a wider campaign to drive fan interest. After the Super Bowl, fans will be discussing NFL playoff odds for the new season, the Draft, potential trades, and other topics, but it’s about keeping them engaged via social media and other content, such as movies, previews, podcasts, and more. The NFL has done an excellent job of soft marketing in this way, often tailoring its content to resonate with local audiences.

Spheres of Influence

It is quite interesting to see that the NFL’s 32 teams have agreed to have specific target markets, with deals in place for broadcasting, among other things. For instance, the Rams have Australia, the Jaguars have London. Some territories will have multiple teams, whereas others will have just one. However, it appears that a gentleman’s agreement exists among rival teams, allowing them to focus on specific regions without interference from others. It all comes from a recognition that there is an enormous potential market out there, more than enough to go around.

The Power of Socials

The NFL does, of course, have a massive social media presence, but it’s not just about posting content from @NFL on X. The league maintains a network of social media accounts across various markets, posting content in multiple languages and adjusting it as needed to have a greater impact in specific markets. What’s more, it has partnered with local media to both curate and deliver its content.

Local Adjustments Count

Sometimes, it’s the small things that matter. If you visit the NFL’s website while in the UK, for instance, game times are listed in GMT. Content produced by the NFL is also often written in British English. While most fans would understand the US vernacular, the small touches matter; bringing in local references makes a difference with a target market, fostering a connection between the fans and the product.

Seeing the Bigger Picture

The NFL and other sports leagues used to zealously attempt to remove content from social media, viewing it as a means of losing revenue when the content is not behind a subscription paywall. Yet, now the reverse is true, and fans can get video content of in-game plays on social media minutes after they happen. This matters for international fans, some of whom might not have access to traditional television broadcasts for the games.

The Obi Cubana Locality Playbook in Business [video]

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One of the most “craziest” CEOs in America in recent memory was the CEO of T-Mobile. John Legere was annoyingly funny. But check his numbers: he rebuilt T-Mobile and redesigned the US telecommunication market. The man will run crazy in front of hotels, attracting attention, just to get local TVs to cover his brand. He pioneered no-contract mobile plans, and did many things that changed how AT&T and Verizon, the industry leaders, engaged with customers.

In Nigeria, Obi Cubana deserves case studies in our business schools. There are many things about his marketing playbook that companies can adopt. His team  went to Scotland and wowed the company board to seal the exclusivity of products in Nigeria. They put on a show and the Scottish press recorded their presence; they brought the deal home.

As you watch this video, think how a company board in Scotland will feel about the readiness of a Nigerian company it wants to do business with. In Harvard Business Review, I wrote that the “The Best Global Leaders are Local Leaders” because every business is local. Yes, demonstrating that native-locality will open doors as you work to reduce inertia to close business deals.

Be more local in your strategy. Do not put a price on your website in USD when you are selling to Nigerians. And do not convert USD with whatever exchange rate they’re using in CBN. Why do we ask learners to pay N120k for Tekedia Mini-MBA when those paying in USD pay $170? Every business is local, and the more you localize, the higher your chance to capture value!

Airtable CEO Howie Liu urges employees to cancel meetings and ‘play’ with AI

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Airtable CEO Howie Liu is making an unusual demand of his staff: take more time off work—at least from meetings—and dedicate it to playing with artificial intelligence.

In a recent episode of Lenny’s Podcast released Sunday and published by Business Insider, Liu, 36, said he has been actively encouraging Airtable employees to experiment with AI, not just as a tool for productivity, but as a way to reshape the company’s long-term strategy.

“If you want to cancel all your meetings for a day or for an entire week and just go play around with every AI product that you think could be relevant to Airtable, go do it. Period,” Liu said. “That’s the most important thing. Play. Experimentation.”

Liu made clear on the podcast that his approach is not rhetorical. He described himself as Airtable’s most dedicated and, in his words, “intentionally wasteful” user of Airtable AI, the company’s own service.

“I take pride in being the No. 1 most expensive in inference-cost user of Airtable AI,” Liu said. He noted that he was not just the top user within his own company, but “globally across all our customers.”

For Liu, that “waste” is part of the point. He admitted to spending hundreds of dollars at a time on inference costs—AI computations—just to analyze sales call transcripts. To him, the exercise is far from frivolous.

“Hundreds of dollars spent on this exercise is trivial compared to the potential strategic value of having better insights,” Liu explained. “That’s invaluable, right? You could pay a consulting firm literally millions of dollars to get that quality of work.”

The culture he is trying to instill at Airtable mirrors a broader movement among tech CEOs to normalize AI as a routine part of everyday work. Duolingo CEO Luis von Ahn recently revealed that the language learning app organizes weekly AI experiments, cheekily branded “f-r-A-I-days,” where teams spend every Friday morning testing new ways to use AI for efficiency.

The approach reflects a growing recognition in Silicon Valley that AI adoption requires more than occasional pilot projects. Instead, it demands immersion, experimentation, and sometimes deliberate inefficiency—an argument Liu appears determined to embody.

Liu’s commitment to AI exploration comes at a pivotal moment for Airtable itself. He cofounded the company in 2013, initially as a spreadsheet-style application, but in June, Airtable relaunched as what Liu calls a “vibe coding platform.” The company, which employs over 700 people and was valued at nearly $12 billion in December 2021 according to PitchBook, is betting its future on becoming an “AI-native app platform.”

In a statement at the time of the relaunch, Liu argued that AI chat interfaces like ChatGPT may be effective for small, one-off tasks, but scaling AI in organizations requires something more structured.

“This is the real unlock,” Liu said. “AI chat interactions are good for one-off requests, but you need an AI app to scale AI work.”

He pointed to the rise of companies like Lovable and Cursor as evidence that vibe coding—the ability to build apps and workflows through conversational AI—is emerging as the “killer application” of the technology. For Airtable, that shift represents both a threat and an opportunity.

Liu, by encouraging his workforce to experiment—free from the strictures of calendars and deadlines— appears to be betting that play may not just inspire innovation but also help Airtable stake its claim in an increasingly crowded AI-driven software market.

SEC Nigeria Unveils Redesigned Website Amid Crackdown on Fraudulent Schemes

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SEC Nigeria

The Securities and Exchange Commission (SEC) Nigeria has officially launched its newly redesigned website, a development the regulator describes as a key step toward enhancing digital engagement, boosting regulatory transparency, and strengthening investor protection.

The announcement, made on Monday, underscored the Commission’s commitment to modernizing its operations at a time when Nigeria’s financial markets are grappling with rising cases of unregistered investment promoters exploiting the appetite of citizens for high returns.

According to the SEC, the upgraded platform introduces a sleek, mobile-responsive design, improved navigation, and consolidated resources tailored to investors, market operators, and the wider public. The redesign aims to streamline user experience while reinforcing the Commission’s watchdog role in Nigeria’s capital markets.

“This digital advancement is a significant step in building a more transparent and accessible Commission,” said SEC Director-General Emomotimi Agama. “It enhances our engagement with the capital market and the investing public, and reflects our dedication to continuous improvement in service delivery and communication.”

Key Features of the New Website

The revamped platform comes with:

  • Intuitive Navigation: A simplified menu structure for faster access to key information.
  • Consolidated Resources: Regulatory guidelines, publications, and investor alerts are logically grouped and easier to locate.
  • Mobile Optimization: A responsive design that ensures seamless access across desktop and mobile devices.

Samiya Usman, Executive Commissioner for Corporate Services, stressed that the redesign is not merely cosmetic.

“By simplifying access and logically organizing content, we have created a powerful platform that supports our mission to develop and regulate a fair, efficient, and transparent capital market,” she said.

The SEC has encouraged stakeholders to explore the new platform and utilize its features for accessing regulatory updates, market news, and investor services.

Website Launch Tied to Ponzi Crackdown

The website launch comes amid the Commission’s aggressive clampdown on fraudulent investment promoters exploiting Nigerians’ appetite for high returns.

In 2025 alone, the SEC has flagged multiple platforms for operating illegal schemes without proper registration or regulatory approval. Among the entities identified are:

  • GVEST Global: Recently labeled a Ponzi scheme by the SEC.
  • Pocket Option: Marketed as an online investment adviser/fund manager.
  • Forsman & Bodenfors LTD (F&B): Claims affiliation with a Swedish advertising firm.
  • Crypto Bridge Exchange (CBEX): Involved in massive investor losses.
  • Sapphire Scents Limited: Promotes unregistered investment schemes under the guise of fund management.

The SEC reiterated that these platforms are not authorized to solicit funds or offer investment services in Nigeria.

“Investors engaging with these entities do so at their own risk,” the Commission warned.

This crackdown aligns with the SEC’s broader strategy to enhance market integrity and protect investors, as outlined in the newly enacted Investments and Securities Act (ISA) 2025. The Act expands the Commission’s jurisdiction over Ponzi schemes and strengthens enforcement mechanisms to hold perpetrators accountable.

A History of Ponzi Schemes in Nigeria

Nigeria has a long and painful history with Ponzi schemes, which explains why the SEC is ramping up enforcement today. The most infamous case remains the MMM Nigeria scheme, which collapsed in late 2016 after attracting millions of Nigerians with promises of 30% monthly returns. The crash wiped out billions in savings and left a generation of investors devastated.

Before and after MMM, several other scams thrived. Platforms like Nospecto Oil & Gas, Wealth Solution, and MBA Forex and Capital Investment Limited lured Nigerians with unrealistic returns, only to collapse and leave victims stranded. These schemes preyed on widespread economic hardship, weak regulatory oversight, and the lure of quick profits, making ordinary citizens easy targets.

The SEC has increasingly leaned on digital communication to raise investor awareness, warning the public against unregistered schemes that continue to mushroom across the country.

Stronger Legal Backing Under ISA 2025

The crackdown aligns with the SEC’s broader strategy to safeguard market integrity and rebuild investor trust. Under the newly enacted Investments and Securities Act (ISA) 2025, the Commission’s jurisdiction has been expanded to cover Ponzi schemes and other unregulated investment channels.

The law also strengthens enforcement mechanisms, giving regulators more power to investigate, prosecute, and hold perpetrators accountable.

Some leaders believe that the redesigned website is more than just a facelift. It signals the SEC’s recognition that effective regulation in today’s digital economy requires modern tools—not only to communicate policy but also to track suspicious financial activity, engage with investors, and counter misleading narratives pushed by fraudulent operators.

Bitcoin Faces Short-Term Fatigue as Ethereum Dominates Inflows

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The Bitcoin market is showing signs of fatigue after briefly dipping near $107,000, just two weeks after reaching an all-time high.

The market has been trading around the $108/$109k zone. Data from the Market Value to Realized Value (MVRV) indicator suggests weakening momentum in the short term. Despite a 13.3% rally from $109,400 to $124,000 in August, MVRV is once again trending lower, signaling that recent gains may have been fueled more by sentiment and institutional ETF-driven legitimacy than by fresh capital inflows.

While this does not necessarily point to a cycle top, it highlights the risk of overstretched valuations without proportional capital support. Historically, such conditions often precede phases of consolidation or correction.

On the technical front, Bitcoin has printed a rare Golden Cross on the weekly chart, where the 50-week moving average crosses above the 200-week moving average. This formation, last seen in 2015, 2016, and 2019, preceded massive rallies of 264%, 2,200%, and 1,190% respectively.

In 2025, the signal has re-emerged, suggesting potential for another strong move, though no breakout has yet been confirmed. Bitcoin currently trades near $109,500 as the market awaits stronger directional cues.

Crypto analyst Gordon highlighted the setup, stating Bitcoin is “at a golden cross,” while noting that “altcoins [are] the most oversold they have EVER been.” He predicts a sharp recovery, suggesting that “the bounce will be glorious… and it will be SOON.”

He added that a move above $110,000 could rally toward $112,500. However, he also stated that $110,100 could act as a resistance if the move fails. A possible higher low around $108,300 was also noted, which would help maintain short-term bullish structure if the price revisits it. Traders expect low volatility until a clear signal.

August kept the Bitcoin seasonal trend intact, slipping ~6.5%. Still, this year’s drop fared better than the past four Augusts. A move above $110,100 and sustained momentum could signal a shift. Until then, Bitcoin remains range-bound with both upside and downside scenarios in play.

Ethereum Takes Lead in Investors’ Preference

Meanwhile, Ethereum has taken the lead in investor preference. According to CoinShares, crypto inflows hit $2.48 billion last week, with Ethereum accounting for $1.4 billion far outpacing Bitcoin’s $748 million.

Monthly adjusted on-chain transfer volume surpassed $320 billion in August—the highest since May 2021 and the third-largest month on record, according to The Block.

In August alone, Ethereum attracted $3.95 billion, pushing monthly inflows to $4.37 billion and year-to-date totals to $35.5 billion. By contrast, Bitcoin saw net outflows of $301 million during the same period.

Corporate adoption has been a major driver. Public companies’ cumulative ETH holdings jumped from around $4 billion to over $12 billion in August, led by BitMine Immersion and SharpLink Gaming. At the same time, spot ETH ETF volumes surged, with inflows pushing ETFs to now hold more than 5% of Ethereum’s supply.

Notably, analysts interpret the massive inflow to Ether, as part of a “natural rotation” of capital out of Bitcoin and into altcoins. “A lot of this looks like investors locking in profits from Bitcoin’s run and moving into other tokens to catch potential upside,” said Nicolai Sondergaard, research analyst at Nansen.

Altcoins also benefited from optimism around potential U.S. ETF approvals, adding further support to selective growth in the broader digital asset market.

Looking ahead

Despite short-term headwinds for Bitcoin, renewed investor confidence led by Ethereum inflows signals that momentum across digital assets remains strong heading into the next phase of the market cycle.