Iyin Aboyeji, founder of Future Africa, shared insights on building credibility with investors during the Ibadan Startup Fest. He emphasized three key areas for early-stage founders: maintaining a great reputation, launching their product, and actively participating in the tech ecosystem. Reputation is pivotal, with investment decisions hinging on trust rather than strict criteria. Aboyeji highlighted that founders should avoid behaviors that damage their standing.
He urged startups to launch without waiting for perfect conditions, citing the abundance of no-code tools available. Furthermore, engaging with the startup community by mentoring and leading initiatives showcases leadership.
Aboyeji stressed that founder-investor relationships need to be viewed like a marriage—focused on more than just funding but also on mentorship and support. Consistency, leadership, and a drive for execution earn trust and foster success.
To delve deeper, you can access the original content here.
Question for you: How can early-stage founders in other sectors apply these principles to gain investor confidence?
