‘Nigerian startups lost $10m ICT funds to corruption’ | The Guardian Nigeria News - Nigeria and World News

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In this interview with Eghosa Omoigui, Founder and Managing General Partner of EchoVC Partners, he speaks on technology start-ups opportunities and challenges.

Eghosa Omoigui is the Founder and Managing General Partner of EchoVC Partners, an early-stage and growth-stage technology venture capital firm bridging Silicon Valley and underserved emerging markets with focus on sub-Saharan Africa.

We however, formally kick-started the process in 2012, so, it has been a longer period than most people see. But generally speaking, there were not a lot of people looking to invest in technology companies and startups here. There were a few other players who knew the market but no one was taking high risk and early-stage risk. They were putting a small amount of money.

For us, what we have also done is to build infrastructure that allows us to think about how to engage with these companies and how to manage each of them and how to help them. So, it’s a very specific thing and as a firm, you have a group of folks who are not just investing but are also doing portfolio management. A lot of entrepreneurs are good at that one thing but you’re teaching and helping them, not just to be great entrepreneurs but foundationally strong managers and team builders.

For some of the start-ups that you have worked with and some that will still come, what have you considered the most important?

 

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