Sramana Mitra: The $2.5 million of seed capital that you raised, what was the next milestone? How long did it take you from there to deliver your first product? Loris Degioanni: Based on my background and experience with open source, I decided that I wanted to approach this second adventure with an open source philosophy.
Eghosa Omoigui: We have four investment thesis that we’ve talked about internally, but this is the first time we’re sharing them outside. One of them is that there is a recognition that in many submarkets in Africa, almost all economic activities are offline. It continues to be offline. There was a very large opportunity, in
Loris Degioanni: These dynamics towards micro-services means that these companies can essentially break their software into smaller pieces and then use APIs to talk to each other. This spawned a massive industry that is led by the cloud vendors and by open source projects like Kubernetes. I witnessed the creation of these industries and immediately
Eghosa Emoigui: I decided that it made sense to look at those emerging markets. I ended up picking Southeast Asia and Sub-Saharan Africa, in part, because they felt very highly-correlated. You had very similar signals in these markets that suggested they would evolve. I went out to those two markets. I had no luck, because
BioConnect CEO Rob Douglas has built a thriving founder-financed business from Toronto using very sophisticated strategic maneuvering. I just loved discussing the strategic nuances of this business. You’ll learn a LOT from reading this story. Sramana Mitra: Let’s start at the very beginning of your journey. Where are you from? Where were you born, raised,
Sramana Mitra: You started your next company in 2012? Loris Degioanni: 2013. I left Riverbed in 2012. My rotation period with Riverbed was for two years. Despite being very happy at Riverbed and despite learning a lot, I was infected with the bug of being an entrepreneur. It’s really hard to get rid of. Even
During this week’s roundtable, we had one entrepreneur pitch, and a lengthy discussion around a very niche business that I found very promising as a viable small business. It’s an interesting case study of how niche expertise can be turned into great small business. Mid-Atlantic Amateur Radio Pete Young from Thurmont, Maryland pitched the Mid-Atlantic
Responding to a popular request, we are now sharing transcripts of our investor podcast interviews in this new series. The following interview with Eghosa Omoigui was recorded in May 2019. Eghosa Omoigui is Managing Partner at EchoVC Partners, a firm focused on the African market. This is a fascinating discussion about African startups and venture