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A Model for Alumni Investing In Nigerian Universities

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I joined the Johns Hopkins Alumni investment community to invest in technology companies. I earned a PhD from Johns Hopkins University. This model is something we need for Nigerian universities: banding alumni to fund catalytic innovations which will fix big market frictions. It would be great if FUTO Owerri, my undergraduate alma mater in Nigeria, offers something along this trajectory.

Thank you for joining the Alumni Ventures Group community and your interest in the Deep Tech Fund. Welcome to our network of 550k innovators, investors, entrepreneurs, visionaries, and learners.

The Deep Tech Fund is an exciting new fund investing in hard tech innovation that will build the future through emergent technologies like AI and machine learning, advanced materials, AR/VR/MR genomics, longevity, drones and robotics, and others.

Individual investors are flocking to add venture capital to their personal portfolios as companies stay private longer and more value creation happens pre-IPO. In addition to the compelling historical performance of this asset class, in the face of market volatility, VC can add smart diversification…. “Venture capital… has become a critical component of a long-term investment strategy.”

International Misconceptions about the Safety and Security Situations in Nigeria

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FILE - In his file image taken from video released late Friday evening, Oct. 31, 2014, by Boko Haram, Abubakar Shekau, centre, the leader of Nigeria's Islamic extremist group. Boko Haram fighters have shot or burned to death about 90 civilians and wounded 500 in ongoing fighting in a Cameroonian border town near Nigeria, officials in Cameroon said Thursday, Feb. 5, 2015. (AP Photo/Boko Haram,File)

I came across a post on Twitter, where the writer listed ten most dangerous countries in the world. According to him, Nigeria is the fifth country in the group. It ranked after Colombia (1st), Yemen (2nd), El Salvador (3rd) and Pakistan (4th). This poster said that the presence of deadly terrorist groups, such as Boko Haram and Islamic State of West Africa Province (ISWAP), made Nigeria unsafe. He noted that because these terrorists target places of large gatherings, Nigerians and foreigners no longer feel safe in the country. Well, even though it is true that the presence of insurgents made Nigeria unsafe, it should be remembered that they are not only present in Nigeria. Hence, using them as an excuse to rank Nigeria as the 5th most dangerous country in the world to live is subjective.

But this Twitter post is not the only one that has accused Nigeria as being a very dangerous place to live or to visit. An article published in Forbes on September 5, 2019, did the same thing. In fact, Forbes claimed that Nigeria is the 3rd most dangerous place in the world anybody can live in. The countries that ranked higher than Nigeria are Brazil (1st) and South Africa (2nd). This ranking came after the InterNation’s Expat Insider Survey was conducted. This survey polled 20,259 expatriates from 182 nationalities, who live in 187 foreign countries. The Safety and Security subsection of this survey was used to collect data on peacefulness, personal safety and political stability of countries under study. Nigerians will then wonder how their country could rank the 3rd most dangerous place in the world when they live in peace, are not afraid of their safety and the country does not experience political instability.

Well, I still believe that Forbes report, or rather that of the InterNation’s Expat Insider Survey, is misleading. Of course they used respondents, who they believed must have provided objective evaluation of the country’s security and safety system. But it is possible that the respondents they approached only lived and experienced lives in a particular part of the country. Or, it could be that these respondents were disappointed because the citizens did not meet their expectations. And so, they judged the whole country based on one encounter. I will explain this below.

Forbes presented statements from two respondents used for this survey. One is an African, from Rwanda, while the other is a Hungarian; they are both expats. According to the Rwandan expat, in Nigeria, there is “the feeling of uncertainty.” He said that in this country, “almost anything can and might happen to me, anytime, anywhere.” The moment I read this, I asked myself, “Are we really this anxious? Are we this petrified in Nigeria?” I mean, we move about freely. And, just like every other country of the world, we stay away from suspicious places and people. Or is it only in Nigeria that crimes exist? Someone, who hasn’t been to Nigeria, will definitely think that Nigeria is a war-torn zone, where deaths happen on the streets, after reading the observation of this Rwandan expat. But we all know that this is not so.

The second expat, the Hungarian, insinuated that Nigerians are hostile. According to him, Nigerians do not relate well with foreigners. He said, “We are not really free, cannot walk on the streets, cannot mingle with the Nigerians. There is always the possibility of danger.” Well, this person first failed it by saying that they are not free in Nigeria. I don’t know which part of the country the person is because that would have explained what he meant by not being free and not being able to mingle with Nigerians. As far as I can say, Nigerians are very friendly people. They welcome and interact with strangers. They will rather keep the stranger comfortable and remain in discomfort than the other way round. Well, like I mentioned earlier, these evaluations are subjective because only the respondents know what they expected from the citizens that they didn’t get. And, I don’t understand what he meant by “There is always a possibility of danger”. Maybe he is not talking about the same Nigeria I live in.

However, there is good news. Not all surveys felt Nigeria is dangerous. For instance I searched to find out if Nigeria is among the countries that are unsafe for women and children, and was happy to discover that we do not belong to any of the lists. Furthermore, on 13 January, 2020, Telegraph published the 17 most dangerous countries in the world, according to Foreign and Commonwealth Office, and Nigeria did not show there. This means that Nigeria, though not a perfect country, is not as bad as some other countries and organisations paint it.

Note that I am not saying that Nigeria is a paradise. I am not suggesting that we don’t have security challenges in the country. My point here is that situations in the country have been exaggerated. Of course crime exists in Nigeria, but so does it in other countries. We battle with terrorism quite alright, but that does not warrant the negative way we are painted. The only thing I can say about the safety and security situations in the country is that we avoid situations that can make us vulnerable and, therefore, expose us to the criminals. It is high time other nationalities stopped destroying our image.

Brazil Caught in the Web of Huawei Dilemma

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Most parts of the world have been pushing to cage Huwaei

As the United States continues to mount pressure on its allies, in an unprecedented move to immobilize Huawei’s aim to lead the global 5G roll out, some countries have been caught in the web of its dilemma.

Brazil has been under the pressure of Washington to kick the Chinese telecom giant out. Being the biggest telecom market in South America and the second largest economy in America after the US, Brazil is a country of interest for both China and the United States.

Caught in between the tussle of the superpowers, Brazil is weighing its choices carefully.

The US ambassador to Brazil, Todd Chapman had in June offered to pay for Brazil’s 5G infrastructures if it would disengage Huawei.

Toward the end of July, Chapman warned Brazil in an interview with a local news tabloid O Globo, that there will be “consequences” if it allows Huawei or other companies targeted by Trump to build its 5G network.

But the warning, more like a threat, did not go unanswered. SCMP reported that Brazilian vice president; Hamilton Mourao said during a videoconference with foreign correspondents on august 3, in São Paulo, that Huawei would not be banned from participating in the bid for Brazil’s 5G roll out scheduled for 2021.

“Huawei has capacity above its competitors and we do not yet see US companies capable of defeating international competition,” he said.

Mourao has been vocal in his defense of the Chinese companies targeted by Trump, part of his reasons stem from the US’ own doing.

But while he is a staunch believer in the Chinese companies, other members of Brazilian President, Jair Bolsonaro’s cabinet hold different views. Brazilian newspaper, Folha de Sao Paulo reported in June that the foreign minister, Araujo had told Bolsonaro that Huawei should be banned from the 5G network bid, according to SCMP.

The contradicting views of cabinet members has divided the government’s disposition on the matter, pushing analysts to conclude that there is a schism.

“There is an ideological wing, like Araujo, that is completely hostile to China and a more pragmatic, military wing, like Mourao, but I think the president’s own wish is to not let Huawei participate,” said felipe Zmoginski, CEO of Inovasia Consulting in Sao Paulo.

The US attack on Huawei and other Chinese companies has been based on national security concerns. Huawei and others had come under intense scrutiny over their relationship with the Chinese government and how they handle users’ data.

The concern has centered on the ability of Chinese government to use tech companies to spy on other countries, or harvest private data of users.

But Zmoginski has called the US concern hypocritical, citing the documents leaked by American whistle-blower Edward Snowden in 2013, which exposed the US National Security Agency for spying on former Brazilian President, Dilma Roussef, and wiretapping executives of Brazilian oil conglomerate Petrobras.

The 2013 leaks have become a basis for Zmoginski, who worked for Baidu, a Chinese technology company, and other analysts, including some members of the Brazilian cabinet, to question the United States’ attempt to stop Huawei. The exposed spying on other countries is the US’ doing that has brought its morality into question as it pressures other countries to shun China.

However, the US is winning as more countries are joining the anti-China sentiment by cutting ties with Chinese tech companies. Australia, Canada, the United Kingdom and France have kicked Huawei out of their 5G roll out, and some others are still contemplating it. Lawmakers from the Japanese ruling party are reportedly pushing to have TikTok banned, following the lead of the United States.

While some of these countries can afford to jump the US bandwagon, it came at a high cost to others. SCMP reported a source at Gabriel, a Rio de Janeiro-based start-up that provides high-tech surveillance services, saying that Brazil would suffer “unilateral damage” if they move against China by cutting Huawei off from its 5G technology.

Huawei is responsible for much of the telecom infrastructure in Brazil, including the 4G, and has plans to invest more in the country. Moreover, Brazil’s security challenges have drawn her close to China. With its high rate of drug trafficking, carjacking, and kidnappings, and homicide, the country has been looking up to China for help.

“There is a tendency for developing countries like Brazil to trade some privacy for more real freedom in the form of security, just like in China. The idea of privacy and liberty above all else is a very American ideal,” the source said.

While the privacy issue matters to the Brazilian government, its citizens’ lives matter more. Gabriel is counting on Chinese technology to provide surveillance cameras across Rio de Janeiro, and Brazil’s hope to confront many of its challenges with technology is in China.

There is growing confidence in Chinese companies in Brazil, based on the reputation they have built over the years. former Brazil’s ambassador to China, who served from 2016 to 2018, Marcos Caramuru de Paiva, explained that in addition to their essence, Chinese companies have not been found wanting, and the US’ fears of back door in Huawei technology does not apply to Brazil because the country “does not hold industrial secret.” But he added that China has always followed the rules and the areas of concern are regulated.

“I don’t see any vulnerabilities, but if something does happen, these areas are highly regulated, there has to be a permanent dialogue, and the Chinese enter following our rules,” he said.

Brazil’s consumers have been won over by Chinese products that they may find it difficult doing without them. App analytics platform, Sensor Tower said Brazil is the fastest growing market for TikTok. Between January and July this year, the app recorded 62.4 million downloads, a 957% increase compared to the same period last year, which makes it more popular than Facebook and WhatsApp in Brazil.

For the average person in Brazil, safety and affordable products are worth more than trust.

“The average Brazilian might not trust the Chinese but will buy a Xiaomi phone without a second thought. I can’t see a scenario where Chinese technology would be banned in Brazil,” said the source from Gabriel.

The decision on whether to shut Huawei out of Brazil’s 5G deployment or not hangs on the above realities; for the US, it’s all about national security, but for Brazil, it involves a scope of other things that equally matter.

English Language Is An Option Not A Sanction

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Sometimes I begin to wonder how many opportunities we miss just because one man’s language is set as a standard in another man’s land. This language is being set a standard to validate everyday sense of belonging and to determine an indigenes level of acceptance, even into an opportunity ecosystem that abounds within his environment.

The pride in speaking this funny language has skyrocketed the ego of so many people. “Nkea bu aru”! This somehow terrifies a gentle mind. 

Everyday we hear, innovation is relevant for growth, but I never heard that speaking another man’s language is a relevant innovation, hence solutions such as google translator wouldn’t be relevant. 

English language is just one among many effective tools of communication just as Hindi, Igbo, Swahili, Hausa, Spanish, Yoruba amongst many others, are. 

The major problem nowadays is that people put the Tool before the Message. We place the fine American intonation ahead of the real message. That is why, today, so many people are talking on the media, but a few are actually communicating. 

Story: A team member decided to watch her organization from afar just because of perceiving language as a barrier. And the worst of it all is, the idea of allowing the inability to communicate in this foreign language to gain more force through inferiority complex. When these two unwelcomed forces join together; even the finest brain suffers kwashiorkor.

Well, the team is not to be blamed for letting go, because they have always had an open hand to accommodate every member no matter the situation. 

  • Language is not a barrier when your team understands your sign language. By Chidiebere Moses Ogbodo.

Did you notice that the majority of our messages lose its taste, information and meaning the moment you try to translate them into foreign language. That is why the likes of Vladimir Putin amongst other world grand leaders stick with their mother tongue. If you do not understand what they are saying, then you are not supposed to be there or find you a translator.

English language just like certificates should really be treated as secondary players to skills, and value one has to offer. Else, the process of innovation may experience lots of strain and loss of rudimentary values. 

And you dear reader; if you cannot understand your neighbors language directly you have a choice; either use translators if you really find the situation necessary or change your environment to where you are the speaker and others can understand you very well. The latter is not really a very advisable choice because the world still needs each other. So learn to embrace technology innovations that are aimed at making life easy. And enjoy the blessing of a team that is ready to wait until you translate your message. It is a great treasure. But do not leave just yet. Do not miss opportunities just because of language barriers.

President Trump Executes TikTok

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U.S. President, Donald Trump, has issued an executive order giving ByteDance, the Chinese parent of TikTok,  90 days to divest its U.S. operations. It is evident this move is polling very well for Trump, if not he would not be annoying many young Americans who are fans of this app. Largely, potential decisions to reject Trump in the polls could be seeded in the minds of these young people when they remember the man who “uninstalled” their apps. Mr. Trump sees the polling data as he plots this political playbook, and he could be lucky. 

I do not think TikTok needs to be banned or asked to “leave” America when it could be required to store data in the U.S. and run full U.S. operations for its U.S. version. But like in all political seasons, politicians play hail mary, hoping for miracle touchdowns in the game of national elections! Tiktoking to re-election (!) would be another chapter for the emerging Data World War.

The order comes a week after the president issued a directive barring Americans and U.S. companies from conducting transactions with ByteDance by late September — and amid efforts by suitors such as Microsoft to make a deal to purchase TikTok. Friday’s action adds pressure on ByteDance to find a buyer, while giving the U.S. government a chance to object if it does not approve of the choice.