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Startups 2.0: The Nigerian Story

Startups 2.0: The Nigerian Story






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  • Very informative, loved it!
    I was living in Nigeria, Lagos when I was a kid so really support this
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    Startups 2.0: The Nigerian Story Startups 2.0: The Nigerian Story Presentation Transcript

    • Viable Online Startups: The Nigerian Story
      Digital Sense Forum 2010
      Lagos – Nigeria
      April 16, 2010
      by Loy Okezie
    • Overview
      The first dot-com registered company was Symbolics in 1985.
      The dot-com boom started in the 90’s and Amazon was launched by Jeff Bezos in 1995.
      Nigerian-born ChineduEcheruo founded HopStop.com in 2005.
      OnePage was launched by OsitaNwoyeand Joel Gascoigne in 2010.
    • Futureview
      What will be the next big thing on the web?
      Will you be the next youngest internet entrepreneur?
      When will you launch your own internet company? 2015? 2020? 2030?
    • ViableOnline Startups
    • Mammaput
      A crowd-sourced directory of eateries in Nigeria that
      supports location-based mobile applications.
    • Alarena
      A match-making site that lets you find a life partner or true
      love and allows you to reach millions of potential marriage
    • Sturvs
      A social bookmarking site that allows you to share music,
      videos, articles, read news and also promote events and
    • Kilonshele
      An e-commerce site that provides ticket sales, marketing and
      distribution services as well as connects the world to live
      entertainment events in Nigeria.
    • Naijapals
      Arguably the largest social networking site with over 500,
      000 members.
    • Truspot
      A social music platform designed to support Nigerian
      artists, fans, local music and the entertainment world at
    • Taafoo
      A free subscription service that lets you stay hooked-up
      through your mobile phone with celebrities, personalities,
      groups, interesting people and businesses.
    • Txtoweb
      A service that lets you send instant short messages in form of
      classified ads via SMS from your mobile phone to the web. 
    • Tokunbo
      An online marketplace that allows you to buy, bid or sell
    • Wooppee
      A powerful search engine focused on the Nigerian web market
      with a lot of features and search relevance that may leave
      Google feeling woozy.
    • Startup Revolution?
    • Challenges?
      Technology Community?
      Stiff Competition??
      Poor Infrastructure???
      Source of Power????
      Lack of Venture of Capital?????
    • Web 2.0 Success Stories
    • HopStop
      HopStop (founded in 2005 by ChineduEcherou) provides subway and bus directions for New York City (NYC) and other cites around the world.
    • OnePage
      OnePagewas co-founded by OsitaNwoye in 2010 as a digital platform for creating, sharing and storing real-time business/contact cards.
    • SocialCubix
      SocialCubix is a Facebook and Social Media application development company launched by Udoka Mark Uzoka in October 2007.
    • Opportunities?
      Mobile Apps (Blackberry, Nokia, iPhone)
      Location-Based Services (Foursquare, The Grid)
      Social Search Engine (Aardvark)
      Crowdsourced Business Directory (Yelp)
      Mobile Payment (Mpesa)
    • Venture Capital?
    • Key VC Players
    • Incubators?
    • The Way Forward?
      Provide early stage investments as a community of smaller investors.
      Build technology incubators across several states.
      Integrate latest web-related courses and degree programmes in the University’s curricula.
      Set-up a Start-up University for techno-entrepreneurs
      Reverse the brain-drain. Join the Renaissance for technology innovations.
    • Startups Nigeria
      Startups Nigeria is a youth-driven, online community for technology enthusiasts, internet start-ups, companies, entrepreneurs, investors and students, all pioneering innovations in Nigeria’s emerging start-up industry and Internet economy.
    • Mission
      To e-ducate, e-mpower and e-ngage with the largestcommunity of people interested in business start-ups, entrepreneurship and innovations.
    • Vision
      To build Nigeria’s emerging dot-com startup industry and contribute towards a knowledge-based and Internet economy in Nigeria by the year 2020 and beyond.
    • Would you like to get in touch?
    • Thank you!