This is the greatest comeback story in history:

At 12, This Man witnessed his father’s murder.

Later Lost his life savings on 3 failed startups.

Bet everything on one last idea.

Today, his company is worth $3 billion.

This is the story of Tope Awotona, the Nigerian-born tech. entrepreneur, founder of Calendly

and the 3 lessons his journey teaches us about failure, resilience, and success:

At just 12 years old, young Tope witnessed his father’s murder during a carjacking in Lagos.

That moment shattered his world.

But little did he know, this tragedy would ignite a fire within him,
a drive to build something extraordinary.

After his father’s death, Tope moved to America as a teenager.

He studied computer science at the University of Georgia but found himself drawn to sales roles.

Yet, something was missing.

He wanted to create something that mattered.

So, he took the leap into entrepreneurship.

His first venture? An e-commerce site selling projectors.

It failed

His second startup? A garden tools business.

It failed too

His third attempt? A dating website.

That also crashed and burned

Each failure cost him time, money, and confidence.

But each one also taught him something invaluable:

His first failure exposed the importance of supply chain management.

His second failure showed him the value of operational efficiency.

His third failure taught him about market timing and the need for proper funding.

By 2013, Tope was out of money, out of ideas, and out of options.

But he wasn’t out of the fight.

He had one last idea, and he went all in.

Invested his entire life savings, $200,000, into a scheduling tool called Calendly .

Friends thought he was crazy.

Investors called the idea "boring" and "unscalable."

But Tope had discovered a universal pain point: the endless back-and-forth emails just to schedule a single meeting.

He knew this wasn’t just an annoyance, it was a productivity killer.

With no external funding, Tope hired Ukrainian contractors to build the first version of Calendly.

He kept it simple:

A clean interface.

Easy functionality.

One core problem solved perfectly.

And it worked.

Calendly spread like wildfire.

Freelancers loved its simplicity.
Sales teams appreciated its efficiency.
Recruiters shared it with their networks.

By 2020, Calendly was generating over $70 million in annual recurring revenue.

Then, COVID hit.

The world shifted to remote work, and virtual meetings became the norm.

Calendly became essential.

In 2021, investors who once dismissed Tope’s idea poured in $350 million.

Calendly’s valuation skyrocketed to $3 billion.

Today, Tope Awotona is worth over $1 Billion dollars become the few Nigerian-born Entrepreneurs who has crossed the billionaire line

The boy who witnessed tragedy in Lagos had built a tech empire.

But His journey revealed three profound truths about success to Us:

- Rejection is redirection

Every failed startup taught Tope something critical.
The lessons from those failures became the foundation for Calendly’s success.

- Solve real problems

Calendly didn’t chase trends, it solved a pain point Tope experienced firsthand.
The best ideas come from personal frustration.

- Constraints breed creativity

With no funding, Tope focused on simplicity.
That constraint became Calendly’s greatest strength.

Tope Awotona’s story is proof that success isn’t about avoiding failure it’s about learning from it.

So, the next time you face rejection, remember Tope Awotona’’s journey.

Your greatest comeback could be just one idea away.

#TechStories
#calendly
#tope

Omo, Simon Guobadia has been deported back to Naaja from the USA, after some months in ICE detention center.

So wetin go come happen to the big multimillion dollars mansion he bought with his ex-wife, an American reality TV star Porsha, who has been in court with him over the property? Na this one be Ozeba market.

Bro, if you kpali never ripe, no buy property for Abroad oo.... hmmm..

May Naaja favor him as he starts all over again.

To the Almighty and my ancestors, look at what a human being with one head has achieved. I have two now, please grant me more wisdom and strength to make them prosper. Amen!

The combined market worth of Elon Musk’s companies is 1.72 trillion dollars.

“The $100 million we invested in Iroko TV was a mistake. If I had another opportunity, I would not do it again.”

Jason Njoku shares his terrible, brutal experience running Iroko TV.

Let's read him:

STREAMING IN NIGERIA. DID THE MARKET WIN?

Iroko’s first funding was in August 2011; our mandate was to build a large streaming business in Nigeria.

Tiger Global believed that one of the largest growth areas would be online entertainment, and like most content, the winners would be local content in large domestic markets.

They invested $200 million in Netflix back in 2010 and then invested in IVI in Russia, YY in China, Netmovies in Brazil, and us in Nigeria.

With super-expensive data bundles and inelegant payment options (I remember waiting for Interswitch to enable us to integrate), our market took a while to mature. In most opportunities, you can be too early or too late; only in hindsight can you gauge when the best time to strike would be. iROKOtv was very early when we launched in 2011, but we were fortunate that there was a ready-made international market in the diaspora who were willing to pay and able to overcome any technical hurdles (payment/bandwidth/devices) to enable us to at least generate a sizable income.

We actually waited until 2015 (four years post-launch), building the product, securing a sizable content library, and assembling a team to attempt to take on Nigeria and Africa. Between the revenues we generated and the venture capital we raised ($35 million) over the first ten years, we easily spent $100 million trying to win.

But we weren’t winning; we weren’t really losing either. We were just there, in full survival mode, operating in the toughest conditions possible. Streaming, even domestically, is a scale game.

Africa wasn’t immune to those costs. It’s incredibly expensive across marketing, content, delivery, and product platforms. Our largest, most serious competitors were Showmax, Netflix, Amazon, and Iflix. Collectively, they easily invested $1 billion or more from 2015 to 2023.

During that period, we often had tense board meetings about why iROKOtv wasn’t succeeding; it was challenging to feel that all my hard work and dedication were constantly reduced to “you’re not doing enough”.

We have been, and remain, the most aggressive in trying to distribute content across Nigeria—deploying hundreds of manned kiosks, teams of outbound contact centre agents, creating agency networks, adjusting our product to prioritise Android downloads, and pioneering peer-to-peer file sharing.

At one point, it dawned on me, and I finally shot back in a board meeting: if iROKOtv was losing, could they point to someone who was beating us? In the startup world, that’s usually the outcome of underperformance.

You are simply being out-executed by a better-capitalised or higher-performing startup. In this case, there simply wasn’t anything anyone could point to to establish that.

So my simple assertion was that the market was winning. In 2019, we went out to fundraise; for the first time, we used a bank, Stanbic IBTP, to support that.

We were looking for $10-20 million to keep pushing into and across Africa with our outbound, agency, and kiosk models.

I believed my tales of survival would inspire the (primarily) PE investors that we were going to be the eventual winners in a brutal, long-fought civil streaming war. Instead, they all largely concluded that perhaps there was no market there, that the unit economics were simply not viable at any reasonable scale.

What they were all interested in was the ROK content, TV channels, and distribution business. It was straightforward (fewer than 30 employees), had clear revenue recognition (billion-dollar paid TV platforms – DStv, Multichoice, SKY, etc., with 3-5 year contracts in non-local currencies), and was amassing a sizable IP library funded by the same paid TV platforms. Once we separated out ROK, it was clear where the value lay in Iroko. It represented 80% of revenues and 25% of costs. EBITA margins of 35-40% were achieved without even realising it.

The outcome of that fundraise was the $25 million partial exit (Iroko sold her shares; Mrs Njoku remains a significant shareholder in the studio) to Vivendi/Canal+.

We closed in July 2019.

Before the end of 2019, we had distributed $5 million as a special dividend and were primed to take on the world.

Then COVID-19 happened. Streaming temporarily boomed in the West (our North American business tripled in subscriber growth), while Nigeria closed borders and grappled with peculiar economic principles (devaluations, FX windows, etc.).

The local market in Nigeria simply collapsed. We saw it and stubbornly decided to keep investing and doubling down until we were all tapped out, having burnt through most of the post-exit capital. To save iROKOtv, we considered crowdfunding, an AIM LSE listing (you could raise $10-30 million easily back then) with relatively little revenue but a strong narrative.

In the end, we raised $1.1 million in convertible notes, then recapped the company a year later and paid it back.

In 2023, we finally accepted there was no market for paid premium services and exited Nigeria. We haven’t processed any Naira payments there in almost two years.

As I humbly survey the wreckage of the last 15 years of streaming in Nigeria and Africa, it’s clear our (then $2k GDP per capita) was too small to support even a $5/mo product. It’s clear this wasn’t even a question of capital.

Showmax alone continues to pour tens, if not hundreds, of millions to make it work. But the global giants tapped out last year; their costs (content and marketing) were clearly unsustainably high, and their product needed to be localised to make sense and actually work; it’s just not how platforms sustainably scale.

So I wasn’t surprised when either Amazon or Netflix rolled back their considerable investments in Nigeria. $5/mo is a luxury I doubt even 250k can reliably afford in Nigeria.

You can see the impact of what GOtv and DStv are suffering at the hands of the market. It’s okay that we tried and failed. It’s okay that we accept the limitations in the domestic market we find ourselves in. Did it need $1B+ to figure this out?

Absolutely not. I believe, with my newfound knowledge, that iROKOtv could have reached the same conclusions with $5-10 million versus the $100 million+ we ended up investing.

In hindsight, streaming wasn’t the winning model for Nollywood in Nigeria. Content, channels, and distribution were.

With the economics that business had in 2018, we could have shut down iROKOtv and her $5 million/year in losses and either listed it or just had a fantastically profitable business.

But I was a believer and walked away from millions of dollars in personal liquidity to put it all in to build streaming in Africa.

My lessons were expensive, and that’s why I am so consistent in telling founders not to over-raise.

I am not surprised by the story of Obi from Kobo360; I lobbied him pre-$30m raise not to raise too much capital or later on to seek a merger with his nearest competitor whilst they were engaged in a brutal price war.

The unit economics and payment cycles were brutal, and capital wasn’t going to dramatically change the market dynamics, and it appeared that no one was really going to win that market. It’s only with deep, lived, and expensive experience that I can glance at unit economics coldly and get a feel for whether, with the usual macro turbulence, a startup has a better chance at long-term success.

Nigeria is currently a massive drag on the entire operating business of Multichoice. Their most recent H1 reports indicate.

Reminder that this is the largest pay platform in Africa, which is currently being acquired in a $2.8B deal.

This is the first president (Tinubu) who stopped the subsidy and the first who merged the dollar. That's why we are suffering; Nigerians are not used to working hard. We are used to getting cheap money. People sleep in their houses get dollars and sell them at high rates. So this is the president that says if you are ready to make money, do it the right way.

- Senator Orji Uzor Kalu.

President Bola Tinubu will go down in Nigeria history, democratically as the most reckless, financially wasteful, with an appetite for borrowing, yet nothing to show for it.

Tomorrow will mark 2 years he removed subsidy, the only thing Nigerians enjoyed from the government under the guise of saving and prudence.

Where the subsidy money running into trillions of Naira goes into, we don't know, all we see is opposite, which is borrowing, borrowing ,borrowing in Dollars, Pounds, Euro, Yen and very soon, he will go for Cedis.

Jagagban is steadily becoming a borrowing master.

Qatar is set to gift Trump a fully customized private jet worth over 400 million dollars that he would use during his presidency and take it along after his tenure.

Omoni Oboli’s ‘Love In Every Word’ Sparks Buzz as it hits 14 million views And Earning about 100k dollars (N150m naira) in two weeks

https://www.gistlover.com/omoni-obolis-love-in-every-word-sparks-buzz-with-massive-viewership-and-earnings/?fbclid=IwZXh0bgNhZW0CMTEAAR0icYGpF_AfY3tTKHr2jYi1bHQVHKkuri38gYR2L97EnCl28djiEvtnNs8_aem_kgbO5UnikKV6PHhQp4cDtg

Wizkid in July 2022 was paid $15 million Dollars to be at #wirelessfestival while Kanye West was paid $8million to also perform at the #wirelessfestival


When you're big you're big KING

"My darling husband gives me $100k for myself, and $50k to send to my mum every month." Regina Daniels

"My husband is very rich and he gives me so much money that even when the economy is hard, I barely notice. Even after he gives me money, he still buys me everything I need. Personally, I've not bought anything since I got married. So like during the Cashless Policy in Nigeria, I didn't even know because my bank account was still stacked with dollars. I just went to the market to buy some foodstuffs and remembered that I didn't take enough money and called my husband to send me more cash. So when he sent me the cash, I just snapped and posted it and people got angry at me and I didn't know why until my mother told me that it's because of cashless policy. And then she said: 'Regina, you're rich ooh, please send me some of the money.' And when I went home, I told my husband what my mother had said jokingly and he started sending her $50k every month. My husband is an Odogwu and our love is strong and unbreakable." ~ Regina Daniels

Love is sweet ooh, but when money enter love is sweeter.
Just look at the way Regina loves Ned and you'll understand

#SheyBlogger

“When my bank account was frozen, Chris Brown was the only one who came through & paid my lawyer fees of 250k dollars. All my industry friends were no where to be found. They treated me like I was dead. Chris told me, ‘be strong bro. I hope you come back home.’ Chris is a real one.” — Tory Lanez raps in his new song.

THIS WILL BLOW YOUR MIND( ANOTHER HUSHPUPPI) PEOPLE NEVER LEARN.

So these two Igbo brothers Samuel Onuoha and his brother showed off wealth in Dubai like no tomorrow. Private jets, expensive cars , wristwatches, huge houses, etc, just like Hushpuppi.

They claimed and bragged on social media that they are into fashion business. They were selling books of how to become wealthy to their followers, costing up to 10k dollars per book and seminar.

Two days ago , the Dubai Police raided their apartment while they were hosting a house party and found 250kg of c0caije in their possession, and now they are in jail awaiting their trial.

Listen, not all that glitter is gold. Again, do not let anyone pressure you on social media because you really don't know what they do.
Be contented with you have . And if your hands aren't clean, stay quiet and out of social media. Slow and steady with cleans hands win the race. Take it easy. If you go too fast, you'll end up in jail like these two brothers.

Tino
#Tinosbullet