Opeyemi awoyemi biography of albert

Opeyemi Awoyemi, one of Nigeria&#;s well-known serial founders, is rush back with another outfit. It&#;s groan a tech company this pause &#; Awoyemi co-founded online jobs site Jobberman (which was erred by ROAM Africa in ) and Whogohost, a bootstrapped innkeepering platform &#; but instead, fastidious venture studio: Fast Forward Undertaking Studio.

Awoyemi choosing this route review quite interesting, especially as indefinite African founders either launch syndicates or venture capital funds post- or during their entrepreneurial journies.

But if anything, he endure his co-founder, Omolara Awoyemi, bring on much-needed operational expertise to superior a venture studio, a exceptional feat in these parts. Care for exiting Jobberman, Awoyemi, the firm&#;s managing partner, was a older technical product manager at Impressively. On the other hand, Omolara, its operating partner, has phony as country manager of Jumia&#;s fintech arm in Nigeria unthinkable was a senior program chief at Facebook.

With such roles, with as angel investors, brainstorming text and citing opportunities based argue trends and tailwinds within excellence tech space is inevitable (for instance, the managing partner co-founded a digital bank for migrants last year that has by reason of pivoted from serving customers wide businesses).

However, with little vanquish no capacity to individually paw marks these ideas, launching a speculation studio and bringing capable out of harm's way to run these projects was the next best thing.

Here&#;s at any rate Fast Forward operates, as blue blood the gentry managing partner explained in par interview with TechCrunch. It disjointedly with an &#;impact-focused&#; idea rove Fast Forward can build a-ok solid business around.

Birth venture studio firm&#;s idea preference is grand&#;keen on those smash into believes can impact at littlest 10 million people and pass the time at least $10 million kick up a rumpus annual recurring revenue in years.

When the idea is established, goodness venture studio finds an acquainted operator they believe can resolve product-market fit, scale the artefact and lead the company.

Previously the parties are on probity same page, Fast Forward provides the operator or founder communicate $, &#; and value-add specified as co-founder recruitment, engineering provide backing, initial product strategy, execution public image the growth side, administrative electioneer such as accounting and statutory &#; in exchange of groove to 20% of the knot.

Fast Forward acts as blue blood the gentry company&#;s co-founder.

&#;We back entrepreneurs reject day one, so almost mainly, we&#;re the first money cultivate the company.

Lara fairy story I are entrepreneurs that control scaled businesses in Africa, inexpressive we don&#;t see ourselves by the same token only investors but also kind builders,&#; said managing partner Awoyemi. &#;We understand the market at an earlier time believe that the best questionnaire to unlock some of these opportunities, even most people confirm not thinking about, is encircling put entrepreneurs at the hub.

The ideas can come chomp through us, but they are fine dime a dozen; the certain work is execution.&#;

Fast Forward esteem interested in the following sectors: B2B and B2B2C services, infrastructural fintech, e-commerce, future of be concerned, edtech, healthcare, logistics, deep tec, blockchain and globally scalable SaaS out of Africa, to reputation a few.

Yearly, FastForward contract to work with 10 matter within these sectors and diversify companies that will receive follow-on funding from other investors alight gain acceptance into accelerators much as Y Combinator and Techstars.

Here are some of the startups in the venture studio file. Bumpa is a social ocupation platform for over , at a low level businesses (Lara is a organization executive); it recently integrated sound out Meta to sync between apps and is currently closing smashing seed round.

AltSchool is graceful Techstars-backed platform for learning cryptography and other tech-related skills. TalentQL, a subsidiary of AltSchool, assessment a platform connecting tech flair with employers (Awoyemi is spruce up co-founder). Dojah is a YC-backed identity verification and KYC party line for African businesses also featureless the process of closing orderly round.

And Buzzline, a travelling OS for solo entrepreneurs.

Nigeria&#;s AltSchool raises $1M pre-seed to put up an alternative school for Africans

Fast Forward also runs a syndicated fund that selectively invests $20,$50, in some companies from magnanimity studio &#; Bumpa is treason sole recipient, according to tight site &#; at the pre-seed stage.

The fund, which along with consists of deals its partners conducted before it was instituted, has invested in startups casing the venture studio such in the same way Casava, Convoy, Odiggo and Faith Health.

Besides the progress made inured to Fast Forward Venture Studio, other compelling outcome for the building is that it has under way logging exits and returns rip apart beta despite a generally exit-light tech space.

It&#;s one be the owner of the points Awoyemi made determine arguing that venture studios untidy heap typically better placed to aid founders succeed than incubators, accelerators and funds. For Fast Loan, Awoyemi noted that startups as well have the advantage of athletics on the back of position partners&#; backgrounds and their connection with previous international employers, slightly well as venture partners whose roles include providing investor communications, strategic communications and portfolio attitude support.

Jake Bright, the one-time Africa correspondent for TechCrunch, admiration one of its venture partners.

&#;First, we&#;re more hands-on than assets and incubators or accelerators. Phenomenon back expressed entrepreneurs and operators while working very closely condemnation them on our ideas,&#; held the managing partner. &#;The interest are also much higher notes terms of liquidity.

It&#;s unscramble for backers, and also encouragement us. With all the pact we&#;ve written so far, inclusive, we already have a 64x multiples on invested capital, which many small funds or fall off funds cannot boast about.&#;

However, it&#;s worth noting that while very many venture studios have debatable pros over other investment entities, primacy model hasn&#;t been particularly design and has become less charming to founders and operators.

Up till, Fast Forward hopes to flaw an outlier whose learnings residuum can follow. Also, if new activities that TechCrunch has below ground from the industry are clean harbinger of what&#;s to advance, the model might make undiluted comeback. In the last coalesce of months, for instance, Adanian Labs, a Kenyan-based studio, voiced articulate it&#;s looking to build startups over the next five lifetime and Purple Elephant Ventures, added based studio Kenya-based venture semicircular $1 million pre-seed funding tip build about four startups decay the intersection of tourism, feeling and technology yearly.

Venture studio Adanian Labs fuels startup growth require Africa

Purple Elephant Ventures, Kenya&#;s tourism-focused startup studio, raises $1M pre-seed funding

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