Oby Ezekwesili drops out of the Nigerian presidential race. She never had a chance because the gatekeepers continue to control the supply of votes. Like the old media world before the age of internet, controlling supply (the newspaper) was the most effective way of influencing demand (readers). So, provided that you are the gatekeeper in your local media market, the contents consumed by the readers would be determined by you. Pre-internet, everyone waited for Guardian (and the other national newspapers), and NTA to get a sense of the business of the day in Nigeria.

This capacity to control demand was the reason advertisers moved money through those traditional media as they controlled the means to reach customers. They were indispensable!

Fast forward to this age where controlling demand is the 21^st century business model: the firm that controls demand dominates the market. Google, Facebook and Twitter control demand (the users) and the old gatekeepers have been disintermediated. Guardian, NTA and New York Times do not have the old-empire control in the markets. Yes, most times what they write is already known, and the distribution they follow is not exclusive: Internet is unbounded and uncontrolled unlike the old newspaper vendor-based model which they controlled exclusively. Consequently, because of that shift, advertisers are moving to platforms like Google and Facebook because those are the ones controlling the users which are the entities that see adverts and visit shops to spend money.

But today, the game has shifted from control of supply to control of demand for web-anchored consumer firms. And only companies with capabilities to control demand are going to win big. As shown in the table below, most of the greatest internet companies are simply controlling demand and that means controlling how supplies reach users and consumers.

In politics, technology has not reached that element of disruption in Nigeria. Yes, we are still pre-internet in Nigerian politics. The gatekeepers continue to control supply of votes and in the process influence the outcomes of elections. If they do not approve you, you have no chance!

That is why any party that is not APC or PDP has marginal impact: breaking the supply chain with the pyramid scheme that runs from national through state to ward level is hard. No great vision or policy statement can break that because to a large extent it is still decoupled from the web: the demand cannot even read that message without it being processed by the gatekeepers.

So, provided the channels still go through the gatekeepers, anything not of them will be dropped while what belongs to them would be passed from top to bottom. Mrs Ezekwesili faced that challenge and at the end, she could not overcome it.

No – I used traditional media as an analogy to explain why people without control of supply cannot win elections in any politics that is pre-internet. Without internet, Obama would not have won the U.S. Presidency as the Clintons were evidently in control of the supply of votes and money machine. But because of internet, Obama could access votes and money without going through the gatekeepers. Nigerian politics is practically still pre-internet and no entrant, not supported by the gatekeepers, has any chance.

Nonetheless – Madam Oby has contributed her quota.

Andela which connects software developers based in Africa with companies in U.S. and Europe has raised $100 million in new funding. But the big news is that Andela is now worth around $700 million!

Andela, the company that connects Africa’s top software developers with technology companies from the U.S. and around the world, has raised $100 million in a new round of funding.

The new financing from Generation Investment Management (the investment fund co-founded by former Vice President Al Gore) puts the valuation of the company at somewhere between $600 million and $700 million, based on data available from PitchBook on the company’s valuation following its previous $40 million funding.

The company has about 200 customers which access 1,100 developers in its portfolio. For these developers, it charges $50,000 to $120,000 per developer and pays the developer 33% of that, keeping the rest for operations, facilities maintenance, training and profits. It has operations in Nigeria, Kenya, Rwanda and Uganda.

Press Release

 Andela, the company building distributed engineering teams with Africa’s top software developers, today announced the completion of a $100M Series D funding. The round was led by Generation Investment Management with participation from existing investors including Chan Zuckerberg Initiative, GV, Spark Capital, and CRE Venture Capital. The most recent financing brings Andela’s total venture funding to $180M.

Andela was founded in 2014 to connect Africa’s engineering talent with the demand for software developers worldwide. In four years, Andela has assessed more than one hundred thousand applicants, hired one thousand software developers, and integrated them into hundreds of companies, such as Safaricom, Percolate, and InVision.

With the Series D funding, Andela will accelerate the development of its technology platform to identify, develop and match talent at scale. By doing so, Andela will provide its customers with the data they need to understand developer performance and better manage distributed teams. The company will also expand its presence across Africa to meet the global demand for high-quality engineering talent.

“It’s increasingly clear that the future of work will be distributed, in part due to the severe shortage of engineering talent,” says Jeremy Johnson, co-founder and CEO of Andela. “Given our access to incredible talent across Africa, as well as what we’ve learned from scaling hundreds of engineering teams around the world, Andela is able to provide the talent and the technology to power high-performing teams and help companies adopt the distributed model faster.”

“Andela has played a major role in catalyzing the growth of technology ecosystems across Africa over the past four years, though the journey has only just begun,” says Seni Sulyman, Vice President of Global Operations at Andela. “To date, we have developed more than one thousand of Africa’s current and future technology leaders. This round of funding will help Andela accelerate our mission to advance human potential by powering today’s teams and investing in tomorrow’s leaders.”

“Generation’s investment in Andela resulted from our deep research into the future of work. We believe Andela is a transformational model to develop software engineers and deploy them at scale into the future enterprise,” says Lilly Wollman, Co-Head of Growth Equity at Generation Investment Management. “The global demand for software engineers far exceeds supply, and that gap is projected to widen. Andela’s leading technology enables firms to effectively build and manage distributed engineering teams. We are great admirers of the outstanding team, mission and culture Andela has built across two continents and five countries.”

With tech campuses in Nigeria, Kenya, Uganda, and Rwanda, Andela has been recognized as “The Best Place to Work in Africa.” In 2018, The Wall Street Journal named Andela as one of the twenty-five technology company to watch, and the year prior, Fast Company ranked Andela as the most innovative company in Africa. In 2019, Andela is projected to double in size, hiring another one thousand software developers and investing heavily in data, engineering, and product development.