Our guest for today’s episode, Temi Marcella Awogboro, is a partner at Magic Fund and previously led the creation of one of Nigeria’s largest private hospitals.
She has also been investing in startups for over a decade. In this conversation, she shares her thoughts on the potential of fintech in Nigeria, managing the co-founder relationship and several other topics.
0:38 – Temi's childhood
2:11 – Studying Economics and getting into Goldman Sachs
5:53 – Temi's view of the changing tech ecosystem in Africa
8:19 – How Temi uses her experience as an investor and operator to help startups
11:04 – Instituting corporate governance and the role of investors
14:40 – Governance in early-stage startups
17:34 – Managing co-founder relationship and how to allocate equity to co-founders
19:34 – Temi's earliest investments
23:00 – Juggling her role as a mother, investor, and entrepreneur
25:35 – Advice for founders building a team
29:08 – When is the right time for a startup founder to step aside as CEO?
31:26 – The types of companies Magic Fund backs
32:03 – Do we have too many fintech startups?
35:23 – Sectors that excite Temi
38:38 – Profit or Scale