reSee.it - Tweets Saved By @wandyvirus

Saved - January 4, 2024 at 8:39 AM
reSee.it AI Summary
I made a tweet to address another tweet blaming the government for a start-up's failure. NURTW is not illegal, they collect dues and fees as part of organized labor. My industry faces vandalism and sabotage daily. If I organize protection for my infrastructure, don't call it bribery. Instead of pontificating, collaborate and build infrastructure for the next generation. Stick with your Silicon Valley rhetoric, I'll keep working with the government to improve conditions for startups. Take my tweet as a lesson or stay ignorant. I did not come in peace.

@wandyvirus - Ayọ̀wándé Adálémọ 🇳🇬

I have seen takes like this in response to my tweet. 1. I don't need you to understand my tweet. I made that tweet to address another tweet that says the govt is responsible for the failure of a 6 month old start-up. And it comes from the "govt is bad" (translated APC is bad) zombies. 2. NURTW is NOT illegal. There's nothing illegal about their dues and fees. They are part of organised labour and collect rent from their union members.They have a structure around them across Nigeria not just Lagos. In that sector, you WILL negotiate. I am unapologetic about it and i know that none of you "yabacon" offsprings will get it. If you see me as doing PR for Union members you call agbèrò, then you just made my point. You lots should keep your heads in Silicon Valley asses. 3. My industry is high tech, not transportation. In my Industry vandalism and sabotage is the order of the day. "Iron condem" will cut your buried fiber, and try to cut your Telecom towers and poles in collusion with "guards" and sometimes security agencies. They will steal your manhole and expose your ducts to not just the elements but also pollution. That open manhole immediately becomes the next ṣálángá.if I organise street urchins and pay them to protect my infrastructure from Oṣòdì to Ìkòròdú, from TBS to Abúlé Ẹ̀gbá, to give me heads up if there's a digging around my buried cables and to patrol my infrastructure at night when most vandalism happens and you call it bribery as a business model, I don't know what adjective to use for your extraordinary stupi.dity. 4. Finally wait for "ease of doing business" and all the plentiful English you all like to bandy around; or step into the ring and build infrastructure that is perversive and that catalyzes "doing business easily", significantly improves security and fosters law enforcement response and digital economy such that the next generation of enterprise will not need to go through what we went through. Pontificate and dance for VC money. Shout P&L like it is the magic wand for attracting investors. It is fine your call, your world. In MY world, it is COLLABORATION-AS-A-BUSINESS. It is structured and accountable. I forgot you didn't read what I really wrote you are just going Bunkers because it is coming from an @officialABAT ardent supporter, it is also a slap on the face of the Yabacon army. Stick with your silicone valley rhetoric, while I am building and at once working with govt to improve conditions for startups. I have been here longer than you. I will be here a while. Take my tweet as a lesson or keep your head buried in the sand of absolute stupi.dity and pretentiousness . I did not come in peace.

@OkeStalyf - Oke Umurhohwo

This man is doing PR for agberos and openly advocating for bribery as a business model Ease of doing business in the mud

Saved - January 4, 2024 at 8:20 AM
reSee.it AI Summary
Entrepreneurship goes beyond theory and buzzwords. Understanding the industry and collaborating with key players is crucial. In Nigeria, doing business requires dealing with challenges like insecurity and vandalism. Blaming the government won't solve the problems. Businesses worldwide face similar challenges, whether it's pirates or gangs. Collaborating with local stakeholders and securing assets is essential. Complaining on social media won't help; instead, one must face the realities and adapt. It's not just a Nigerian problem; it's a challenge for anyone with physical assets. Stick to the app-based business if you can't handle the streets.

@wandyvirus - Ayọ̀wándé Adálémọ 🇳🇬

You see, this thing called entrepreneurship is not just about books alone. Not SWOT, not MRR, ARR, etc. He simply didn't understand the industry he chose and who the power brokers are. He saw NURTW as louts and a threat instead of collaborators or competitors. Either view would have helped him. I remember @tokeeto of @foundingLAG, we had meetings with NURTW and RETEAN because they OWN the routes. We travelled to the capital of NURTW (ìbàdàn) and had first-hand experience and advice from Auxiliary and other excos. They pivoted their business model.After then COVID19 struck. When I read things like this that put the blame squrely at the government door, I ask, is the NURTW not a key member of the NLC? It is a member of a significant trade union. In my own line of business, securing my asset is a big task as they are mostly outdoor and subject to vandalism. We organised the street to protect those assets. I am not going to cry about government, speaking plenty English, I know that doing business in Nigeria is not a behind-the-desk-I-have-an-app thingy. 6 months into operations he is throwing in the towel. It is beyond technology or MBA buzz words. Businesses anywhere in the world are either the blue or red ocean. The red ocean is harder still. Big shipping lines have to deal with things like pirates. In Mexico, they have to deal with the ever-present kidnapping and insecurity. In Iran, in Iraq, Afghanistan....these businesses know that an MBA class will not work when a push comes to a shove. In Nigeria, if you don't get it, don't do it. You can not be Ajebutter and think everyone else is. One meeting could have changed a lot of things in his favour.. just one meeting. Case in point @touchandpayme the owners of @paywithcowry. They will start powering payment for yellow buses in Lagos. That's over 12 million trips...each month! We arrogantly write off our collaborators and then turn around and cry about @followlasg. It is business silly! It is tough. It is Nigeria, and that is a reality we all have to deal with. In almost every sector you have their type. At least NURTW belongs to organized labour. How about those gangs that don't belong anywhere? Just murderous boys who damage at will? Yet we deal with them. We have them on our payroll and get security reports from them. We hired a supervisor who coordinated and ensured our infrastructure was not vandalised. It works. I can come on social media and cry that my fibre has been cut or our access points have been destroyed or our solar panels gone. I can write an epistle on how government is the problem. I choose not to do that. I braved the odds,rolled up my sleeves and get in the ring. There are days I get into fist fights when they become unreasonable. But the market is worth it, the experience is out of this world. The reward is unquantifiable. Bàbá Ìjẹ̀bú pays Nm each year to secure his gambling booths. Each....year Ask Bet9ja, ask @akinalabi of Nairabet. It is the reality of our society and it is not sad. If you are putting boots(physical and human assets) on the streets anywhere in the world, you face brutality. Ask restaurant owners in Tottenham and ask how they cope with "men dem". How much do they pay to the mobs? It is not strictly a Nigerian problem it is a problem for anyone putting infrastructure and assets on the ground. Otherwise, stick with the app (call it fintech, edtech, anytech),figure out customer acquisition product/market fit and all the startup buzz words. You will be fine. If you don't have the heart for it, stay away from the streets. By the way how is @Shuttlersng doing it? NB: I also have a failed startup where $3m went down the drain. So I am speaking from both perspectives.

@tobicomm - Tobi

As seen on Linkedin. Stories like this is how you know Nigeria cannot make. Not with the current crop of leaders anyway. https://t.co/NYBzBSZHDQ

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