Our guest for today’s episode, Temi Marcella Awogboro, is a partner at Magic Fund and previously led the creation of one of Nigeria’s largest private hospitals.
She has also been investing in startups for over a decade. In this conversation, she shares her thoughts on the potential of fintech in Nigeria, managing the co-founder relationship and several other topics.
0:38 – Temi's childhood
2:11 – Studying Economics and getting into Goldman Sachs
5:53 – Temi's view of the changing tech ecosystem in Africa
8:19 – How Temi uses her experience as an investor and operator to help startups
11:04 – Instituting corporate governance and the role of investors
14:40 – Governance in early-stage startups
17:34 – Managing co-founder relationship and how to allocate equity to co-founders
19:34 – Temi's earliest investments
23:00 – Juggling her role as a mother, investor, and entrepreneur
25:35 – Advice for founders building a team
29:08 – When is the right time for a startup founder to step aside as CEO?
31:26 – The types of companies Magic Fund backs
32:03 – Do we have too many fintech startups?
35:23 – Sectors that excite Temi
38:38 – Profit or Scale
Welcome to another episode of Equity Merchants. Our guest this week is Adedana Ashebir, the Regional Director for Africa and the Middle East at...
In January 2023, Jetstream raised more than $10 million in a pre-Series A round. Jetstream provides a single platform for African businesses to handle...
A few weeks ago, Nigerian VC firm, Oui Capital announced the launch of its second fund – The Oui Capital Mentor’s Fund. interestingly, one...