Do not be like me who missed a huge opportunity. While I have done other great deals, I want everyone to remember what it means to miss an opportunity because of “cloudy thinking” on risk perception. My story on how I lost investing in Kuda bank.
This is it: the Kuda team waited for me for 3 hours in Lagos for a possible small investment in Kuda. When it was all done, I did not write that cheque. I had arrived from US to run a program for our nation’s leading CEOs; the innovators abandoned everything in the startup, and camped as I guided the executives on the mechanics of business systems.
Today, Kuda is worth at least $500 million. I wanted to write them a cheque of $100k but later pulled out as I did not understand how they would make money (it is a self-styled bank of the free). Had I pushed the trigger, that $100k would have become at least $7.5 million within two years!
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Do not pity me (I am fine…lol); pity the 99.99% who are disconnected from this new dimension of value creation and capture. It is because of that anomaly that I created Tekedia Capital, to provide opportunities for We The People to co-own a piece of the empires of the future. The largest financial institution by market cap in Nigeria (yes, Flutterwave) is less than 8 years old.
People, open your playbook because by 2025, Nigeria/Africa would be radically transformed if you check what is happening in these new species of companies. Companies like Kuda, Flutterwave, Ourpass, Cinderbuild, Touch and Pay, Tradegrid, Bitmama, etc will win the future. Sure, risk remains but I challenge you to open your mind and understand what these new startups do. That they’re risky is not good enough to avoid the opportunity, as just one WIN , you can cover 100 “loses”. #RethinkNewWealth
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