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Nigeria's Tech Industry: Dead Without Vc Firms/angel Investors - Webmasters - Nairaland

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Nigeria's Tech Industry: Dead Without Vc Firms/angel Investors by worldbest(m): 6:18am On Jul 14, 2011
Abeg guys! Do we have VC firms or even Angel investors willing to put some cash in a promising startup. Is it that startups that come out of Nigeria's tech space are all bootstrapped? I think the lack of funding is a major reason why our startups die soon after launch.

Take for instance, i have a product i am developing and would really like it to be launched here in Nigeria. But its probably nearly impossible to get funding. I then decide to seek for funding outside Nigeria. Now if i get this funding, that would mean i would have to leave Nigeria to register the company in the country where i got my funds. After sometime, my product/app gets international recognition and the country where my investors are based gets the credit while Nigeria where i built the product/app gets the founders Nationality credit.

Our tech industry will never grow like this. We need to have our startups funded.

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