If you don't like where you're at right now, ask yourself:
"What patterns am I repeating that are keeping me here?"
(The things I keep doing, thoughts I stay stuck in, things I *don't* do)
One question will unlock a number of things you could change today.
A certificate is useful, but it is not the same as competence. Employers and customers ultimately pay for results.
Think about building a skill stack. Start with strong knowledge in your field. Add communication, because you must be able to explain ideas. Add digital ability, because almost every industry now depends on technology and data. Add commercial sense, so you understand how organisations make money. Finally, build a reputation for reliability.
You do not need to master everything at once. Choose one or two valuable skills and practise them through projects, internships, volunteering or freelance work. Evidence of work is stronger than merely saying that you have a skill.
A good indicator that an idea is worthwhile is that it seems incredibly obvious once discovered. It’s almost like it’s too simple to really be good. But that thought is not a red flag. It’s actually the exact reason you should pursue it.
When I started angel investing in 2021, one of my biggest mistakes I made was applying traditional fundamental analysis to early-stage investing. Seemed smart at the time but most of those checks I wrote went to zero.
Wrote five small $5k checks then, nothing serious. Three of them went to zero. One returned my money while the last one appreciated a bit, but still has no clear path to any liquidity event.
At the time, I worked in a private investment firm with an investment process closer to PE, so naturally, that shaped how I approached investing. I was trying to analyze startups like mature businesses. Crunching numbers that, frankly, had very little bearing on the true fundamentals of the opportunity. Not saying crunching numbers aren’t great but heavy reliance shouldn’t be placed on them esp at the early stage where a company is still trying to find its bearing.
2024 I came back for round 2 and went down the rabbit hole to gather insights from the OGs. Watched almost every Olumide Soyombo, Kola Aina, and Iyin Aboyeji video I could find on the internet, studying how they approached startup investing and a recurring theme I noticed was that their early-stage investments thesis were mostly driven by qualitative judgment. Things like Founder quality, market insight, distribution, Industry direction etc and the potential for that industry to attract capital for future liquidity were the recurring theme I noticed.
While I was busy building spreadsheets for businesses too early to be properly gauged that way, the prolific guys already knew the right questions to ask. Sometimes, they had already decided they wanted exposure to a specific sector and were simply looking for the right operator to back.
In 2024, I refined my philosophy and came back for round two.
Still nowhere near as prolific as the OGs, but the ROIC on my portfolio so far tells me one thing clearly that I’ve definitely gotten better at this 😃
@_aaadedapo I believe most of Nigerians’ fear of the new tax laws stems from the threat of stricter compliance measures. Apart from professionals and people in the formal workforce, most were not willfully evading taxes but simply unaware. This is all new to them.
Every programmer should spend time building all the fundamental data structures from scratch (dynamically resizable array, hashmap, linked list)
Actually learning how they work and the specific implementation tricks is 10x more valuable than just knowing their Big O complexity
The danger of working in secret is inversely proportional to the simplicity and precision of the test. It would be safe to work in secret for a year on a new rocket engine. But if you work in secret for a year on a new social network, it will probably be a flop.
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Romans 8:18
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