TLP Advisory

Joycee Awosika, Founder and Managing Director of ORÍKÌ Group, shares about business communities: "Business communities have been pivotal to our success. Being part of various communities in Nigeria—whether industry-specific or general—has provided invaluable insights and opportunities that have significantly supported our growth." Dive into more inspiring founder stories that highlight the power of communities in driving growth across the Nigerian venture ecosystem. 🔗 Read the full report here: https://lnkd.in/gv3Xqin3 #venturereport #startupecosystem #TLPAdvisory

Did you know customer focus is the top growth enabler for Nigerian businesses? 🚀 14% of surveyed startups highlighted it as the key driver of their growth, followed by team expertise and efficient operations. In a competitive market, Nigerian entrepreneurs are proving the impact of prioritising customers while leveraging innovation and collaboration. 💡 Discover what’s driving this growth and how businesses are scaling against the odds in our report - https://lnkd.in/gv3Xqin3 #TLPAdvisory #ventureecosystem #startupreport

"Navigating Nigeria's regulatory landscape is not for the faint-hearted," says a founder in our venture ecosystem report. 30% of startup founders cite complex regulations as their biggest hurdle. The Nigeria Startup Act offers hope, but implementation needs to catch up with the needs of a fast-growing ecosystem. Our report highlights how founders, policymakers, and investors can work together to create a more supportive business environment. https://lnkd.in/gv3Xqin3 #startupecosystem #TLPAdvisory #venture #regulations

Last month, TLP Advisory launched a report which reviews the last decade of the venture ecosystem, and I had the privilege of speaking to NewsCentral on the topic: Nigeria’s Digital Dawn: A Decade of Disruption and Innovation. The report highlights the incredible journey of the startup and tech ecosystem in Nigeria over the past ten years and I had a great experience connecting the dots and sharing insights on the remarkable growth, challenges, and innovations that have shaped the last decade. You can watch the entire interview here-https://lnkd.in/e2JD6U5h. The report is available for download here-https://lnkd.in/es8bRU6H Here’s to the next decade and more of growth, innovation, and disruption in the right direction. #venturecapital #TLPAdvisory #Startup #Ecosystem

In the Nigerian venture ecosystem, collaboration is the key to resilience. Our findings reveal that one-third of surveyed Nigerian startups have established strategic partnerships, driving profitability and unlocking access to new markets. On the flip side, 32% of startups without partnerships face significant challenges in staying afloat, highlighting how partnerships with accelerators, corporates, and other startups are transforming the landscape. Find out how collaboration is unlocking growth and reshaping ventures in our report: https://lnkd.in/gv3Xqin3 #venturereport #TLPAdvisory #startupecosystem

We’re marking 10 incredible years of TLP Advisory with the launch of a milestone report: "A Decade of the Nigerian Venture Ecosystem: Numbers, Insights & Stories." This report captures the resilience, growth, and stories of Nigerian startups navigating funding, talent, and regulatory challenges to reshape our economy. Dive into insights from industry leaders, key trends, and actionable recommendations for the next decade of growth. Go to https://lnkd.in/gv3Xqin3 to download the full report and join us in celebrating this ecosystem’s journey. #TLPAdvisory #venturereport #startupecosystem

This post might read off-script and a bit packed, please bear with me. My partners and I are often accused of not speaking about our work enough because we feel "our work should speak for itself" but today, I'm excited to share some work highlights from last week, the key one being the release of our report on the Nigerian Venture Ecosystem to celebrate 10 years of TLP Advisory supporting entrepreneurs. Working on this reignited my passion for this path I have chosen. The report is available at https://lnkd.in/dPtq9uQe, and I discussed it on CNBC Africa - (https://lnkd.in/dwgBTe7n) A few other fun work things I did last week: 1. One of my favourite things to do is teach, so I enjoyed talking about term sheets and legal due diligence at Ventures Platform Fund's Path to Series A Bootcamp on Tuesday. It was surprising how many founders didn't understand liquidation preference, a crucial concept! Here's a great post on liquidation preference and why it matters in an exit - https://shorturl.at/Srovo 2. Attended Ventures Platform's Africa Prosperity Summit on Thursday and Friday which featured so many solid speakers, attendees, and useful insights. I am proud of the work Kola A., Dr. Dotun Olowoporoku, and the entire team do daily. Their success is one I have no qualms attaching myself to,😀. Thank you for choosing TLP Advisory always, and just being great people in general. 3. On Saturday, we hosted a breakfast event to launch the report! I moderated a fun chat with Tomiwa Aladekomo and Anta Ndiaye where we started out tracing the last decade of their startup careers and ended with fun rapid-fire questions that involved them and our amazing guests. Thanks for being good sports. 4. Attended Kelechi Achinonu's wedding on Sunday. Kelechi was the project manager for the report and claimed that it was her wedding present to herself. Considering she did a great job, I am happy to give it to her. LOL A special shout out to the TLP Advisory team, particularly the report team - Kelechi, Aloaye Daniel Igiekhumhe, and Ayodeji Olufolahan. We had the best partners ever working on this report project. A big thank you and shoutout to Big Cabal Media (publishers of TechCabal and Zikoko), Blue Advisory (Nigeria), PressOne Africa (Techstars '23), Ventures Platform and Wimbart for their support. To the amazing participants of our report - the survey participants and particularly the 15 amazing people who gave their valuable time to be interviewed and didn't hesitate to share their inspiring stories. Y'all are the real MVPs. CC Nichole Yembra, Mayowa Okegbenle, Kola A., Jessica Hope, Samuel Okwuada, Olu'yomi Ojo, Tomiwa Aladekomo, Joycee Awosika, Ifeoluwa Dare-Johnson, Peace Itimi, Femi Longe, Odunayo Eweniyi, Olumide Soyombo, Adenike Adeyemi and Eghosa Omoigui. To the best partner-sisters, a girl can have, Funkola and Oby. You know how we do. 💚

Last stops of our West African Tour and not the least! 🇳🇬Nigeria  Deep dive into the Nigerian ecosystem starting with #AfricaProsperitySummit - a well-rounded conference curated by Ventures Platform Fund who did a phenomenal job at gathering some of the leading GPs, LPs and founders operating in Africa to foster dialogue around how we can shape the future of the VC industry across the continent. 💡The keynotes were very insightful and gave a thorough analysis on how some macro economic factors like the fertility rate and the level of savings could directly impact a country’s economic development. The panels and fireside chats were as astute, articulating interesting concepts such as the « Lake vs Ocean Market strategy » to compare market expansion strategies in Nigeria and Francophone West Africa. 🖼The event ended up with an ecosystem tour giving us a taste of the vibrant Nigerian innovation landscape as well as its artistic and cultural scene featuring the studio’s visit of award-winning artist Victor Ehikhamenor - who offers through his art mediums, the capacity to explore the plurality of Africans’ identity - and the office visit of Moniepoint Group, who shared some savy insights about their scaling strategy. 🎉It was fun to celebrate TLP Advisory ’s 10th anniversary with a panel discussion around « A Decade of the Nigerian Venture Ecosystem » where we shared ideas and stories about the Nigeria’s venture landscape as well as the francophone ecosystem. 🇬🇭Ghana While it was my first time in Accra, I had a feeling of « déjà vu ». Some say that Ghana is an « English-speaking country with a Francophone flavor ». The electrifying ecosystem can rely on solid fundamentals like a high mobile penetration rate, a stable democracy and the acceleration of the digitalization of the economy. 💪🏾The dynamism of the Tech industry was an incredible testament of the resilience of the local founders in spite of the macro-economic challenges they are facing. They can piggy-back on pioneering initiatives driven by the Central Bank and rely on an emerging local VC asset class supported by the Venture Capital Trust Fund. 🙏🏾We had a blast engaging with astounding founders as well as brilliant VCs and ecosystem stakeholders. A special thank you to Bernard Ghartey and Hannah B. Acquah (GVCA) who were very helpful in facilitating our trip to Accra. ✅ This tour confirmed our excitement about West Africa and its numerous opportunities that dazzling founders seize to solution some of the region’s most pressing challenges. Sawari Ventures Fund II is enlarging its investment scope to provide capital to exceptional entrepreneurs in the region solving global issues. #Staytunes 😉

A week ago, we partnered with Amazon Web Services (AWS) to co-host a 1-day program - ‘Path to Series A’ Bootcamp, which brought together founders and representatives of 36 high-growth companies on the journey to raising Series A capital within the next 12-15 months. The event featured a workshop on insights, and fundraising strategies from top venture capitalists and ecosystem partners, including Odunoluwa Longe (Co-founder, TLP Advisory ), Eloho Omame (Partner, TLcom Capital LLP), John Adelana (Senior Startups Solutions Architect, AWS), Bernard Ghartey (Principal, Norrsken22 ), Dr. Dotun Olowoporoku (Managing Partner, Ventures Platform), Olúwatóyìn Emmanuel-Olubake (Investment Director, Novastar Ventures), and eric sippel (Founder, Sippel Farb Family Office). Topics covered include: Introduction to Series A financing (What it is, when to raise and Investor Expectations); Demystifying the Series A Term Sheet: Key Terms, Pitfalls, and Best Practices; Due Diligence and Data room preparation (Legal, tech and finance); Building Effective Governance: Navigating Board Structures and Responsibilities Post-Series A; Build Solutions that Last (Architectural Best Practices for Startups); Fundraising Valuations and Negotiation; and Navigating Investor Relationships & aligning interests. To all the founders who signed up and showed up - you are rockstars! We are thrilled with the positive feedback received so far, and are eager to see your companies join the next wave of Series A companies emerging from Africa’s tech ecosystem. We extend our heartfelt thanks to our co-host, AWS (David Roldán, Jr. , Kartik Renjen, Henri Zietsman, Oo Nwoye), our facilitators, supporters - Allianz Global Investors (Africa Grow), Novastar Ventures, Norrsken22, TLcom Capital LLP, and TLP Advisory , and implementation partner - Ubulu Africa - for their invaluable contribution in making this event a resounding success. #PathtoSeriesA #Founders #AfricanInnovation Damilola Teidi

If raising Series A financing is in the books for you next year, you should sign up for Ventures Platform Fund's Path to Series A Bootcamp. Our partner Odunoluwa Longe is one of session facilitators for the Bootcam and she'll be taking sessions on Series A term sheets and legal due diligence. It promises to be an engaging and impactful Bootcamp.