Chairman of Tekedia Capital sent this to primary emails; we’re sharing here for others, including members of investment clubs, syndicates, etc within our ecosystem.
Good People,
Thank you so much for your responses despite the economic paralysis in Nigeria, and around the world. When we opened this investment cycle, we did not know that it could be this successful. I want to thank our members for this partnership.
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If you look at many indicators, our records are far better than any state government in Nigeria or any African state on FDI. In other words, we have unlocked the wealth of the diasporas and the homelands more than any non-federal government in Africa. And this year, Tekedia Capital was ranked the most active indigenous investor into African startups, only behind the governments of US, Canada and Germany.
Our sub-goal remains that no one will lose money working with Tekedia Capital. We have built many defenses to ensure risks are mitigated. Part of the playbook was when we jointly created Cinderbuild and asked experts to run the business. The position we have in Cinderbuild is largely to secure your investments. And as I write, we are doing the same in the United States, building an amazing company to also give us geographical diversification towards risk mitigation. We will tell you about it in Q1 2024, and this business has the capacity to further protect your investments. Visa and some great brands are working with us. Yes, if something bad happens in any startup [we’re lucky so far and we hope it remains that way], we can sell equities in Cinderbuild and this firm to cover the risks.
Of course, we do not hope for bad things to happen. And our founders understand that they cannot let us down. Yet, despite our confidence in them, Tekedia Capital is doing all it can to have another layer of protection. Our goal is that by 2023, we will have an organic capacity to secure any kobo or cent that passes through us, irrespective of whatever happens in the startups. We can innovate in this business, and across many domains, we have done just that. That is why we are the largest syndicate in Africa today.
So, once the US firm is launched, we will set up a trust with our legal custodians on the strengths of these entities. Later, we will also work out a mechanism to bring liquidity so that people can exit easily. We have many playbooks ahead.
I want to thank everyone for this partnership. We’re building together and during the harvest period, we will harvest together.For all the challenges in the world, I was touched that men and women are making these decisions, through us. We appreciate the confidence. Thanks.
The Oct-Nov 2023 cycle continues and if you have not responded, please check the recorded Demo Day video, pitch decks, overview videos, make your picks, and communicate with our team at [email protected]. The bank accounts and all the startups are here: https://capital.tekedia.com/lesson/active/ . Our custodial lawyer firm (NICCOM LLP) has opened the investment portal and soon the master agreements will start dropping for already invested members.
Have a great week ahead and THANK YOU again!
Regards,
Ndubuisi
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