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D.O Profile picture
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10 Dec, 4 tweets, 2 min read
“Squire’s revenue went from zero in March, when all barber shops closed, to $10m-$20m in ARR...10 months later....The growth indicates how the next wave of barbershops will be built...’We just took off like a lightning bolt,’ co-founder Dave Salvant says.” techcrunch.com/2020/12/09/squ…
Hopin’s business took off. Unsolicited offers from investors started pouring in. Hopin raised a fresh $40m from VCs...and w/out even building a deck, the company garnered a further $125m, valuing it at $2.1B, 77x up from 1yr ago!

...
... And still, Mr. Boufarhat said, “investors are reaching out almost daily.”

nytimes.com/2020/12/07/tec…
700x😋

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More from @docolumide

D.O Profile picture
10 Dec
I came out of semi-retirement to start this my present venture journey in mid-2012, as a grocery ecommerce endeavor to capture the vertical opportunity in the rapidly expanding ecommerce landscape in Nigeria & SSA, which I founded a month b4 Konga/Jumia & launched 2 months after.
And we were on track @Gloo_ng in this regard, until the recession of 2016/17 landed that essentially took out every single ecommerce company of that era—except Jumia and us....
The most enduring lesson I took from those first 5 years of this journey was that physical products-based *consumer* tech startups in Nigeria and sub-Saharan Africa would be losing—or at best, middling—venture-backed propositions for at least the next 10years, or thereabout.
Read 11 tweets
D.O Profile picture
9 Dec
A good example of below tweet is this👇🏻 The startup behind it is commoditizing the B2C game for its B2C competitors by unleashing legacy competitors bigly into the space through providing them an API that allows them deliver this JTBD, which is now a pain for the middle class.
Those who are familiar with my DMQA understand this is what one would call “a cross-quadrant move.”

Do you know any other founders/ventures executing “cross-quadrant moves,” generally from the left side of the DMQA to the right? Please share.
What is interesting is that a lot of our tech and financial biggies too are gonna be making “cross-quadrant” moves—but in the opposite direction! Interesting!
Read 5 tweets
D.O Profile picture
22 May
There’s this perfidy in Nigeria that people try to push about how being a tenant is seemingly a bad thing. Startup version is when they push for folks to start their own business like sth’s wrong w/ being an employee. Error in these thought tricks is apparent from 1st principles.
It leads to young people making very suboptimal decisions w/ the little networth they’re able to generate early in life. Guys listen, there’s FAR more to life than not paying landlord rent. Good test of IQ of this way: “what %age of businesses own office they operate from?”
It was when I attempted buying a house in cash that it dawned on me how very little N180m is. And how financially stupid it’d really be to take that line of action. God saved me from this perfidy of parents+peer pressure. The house money in networth can buy >40 of same house now.
Read 6 tweets
D.O Profile picture
12 May
“DO’s Magic Quadrant for Africa,” aka DMQA Framework(clean vrsn). Next quadrant for deep dive into its characteristics is the “Anything Can Happen” quadrant. Stay tuned.
So, here goes the deep dive for the "Anything Can Happen Quadrant," or Quadrant D by implication. The general attributes of this quadrant are the following:
Business Model Characteristics:
Pure Software/Software Heavy: software products that A.) require little to no agency of any human being from the company in order for the consumer to interact with, either in the way the consumers...
Read 30 tweets
D.O Profile picture
20 Jan
As CEO, running a scaled venture’s less stressful than one still in search of market fit: scale affords ability to delegate decision-making to the team because the decisions you focus on are mostly related to setting direction, speed, tone, pitch, depth for the team to run at.
Already accomplished 50% of my 2020 goals. Remaining 50% is the REAL work.

1)Set overall strategy + OKR goals and communicate it.✅
2)Make sure there’s enough cash in the bank.✅
3)Recruit, hire, and retain the very best talent.⌛️
4)Enforce execution against the goals in 1.⏳
OKRs have been the best thing that have happened to us @Gloopro. We used it entirely to drive management team process to over-achieve our goals for 2019. This year 2020, we’re cascading it organization-wide and tying our new performance management and reward systems to it.
Read 6 tweets
D.O Profile picture
6 Dec 19
Dear young founder don’t do this (thread)

Request lunch meetup to talk your startup. I agree & sit down w/ you. Bill comes, you suggest splitting w/ me. It’s the most disrespectful thing you can do. Shows you absolutely have no respect for me, my time or what you hoped to gain.
A founder w/ pop startup did this w/ me few months ago, I got offended & indicated I’d pick up entire tab. Yet, he didn’t have enough sense to know that was me putting a fire to our 3yr relationship permanently! I paid but, dude, as far as am concerned, we’re dead to each other.
Why am I writing this? Agreed to same day before yesterday to a female founder, who had done her best in DMs to show she wasn’t tryna shoot shots. I had the lunch + Heineken. Waiter was uncomfortable passing her the bill. She grabbed it and paid!
Read 5 tweets

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