Five Nigerian startups that got into YCombinator this year (YC W19)
Summary
Beyond mentorship and access to a huge network, YC directly offers selected startups cash investment of $150,000 (₦54 million) while coaching them into how to close future funding rounds. To borrow a leaf from what the "pessimistic" entrepreneur had to say, it could be helpful to carry out an analysis on the performance of Nigerian startups that got into YC and those that didnt, taking into consideration as much nuance as possible. 54gene is a biotech startup that offers all-round reports from the genetic testing of Africans (reputed to have more diverse genes than the rest of the human race) using just their saliva and without the need for customers to physically visit a lab. In the long run, the startup can build a database that can be mined to get insights into genetic related things like causes of diseases and could lead to amazing discoveries like the prevention and cure for cancer. Schoolable is an edtech startup that allows school sponsors like parents save, loan and make prompt payment towards their wards tuition fee.
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