@Okaychukwu wrote:
So the fund raise by OgaVenture from @mark and @Jason_Igwe_Njoku drew mixed responses from people, some questioning the rationale for tech startups to drum every single raise without putting up prior performance figures to partly justify the raise and its announcement. While it lies within the jurisdiction of any private company to either or not publish their revenue status periodically for the public, which I don't have any problem with, I couldn't but notice how forward-looking voluntary publication of these revenue figures and other financial metrics by any private tech company makes others in ecosystem feel (from comments in a blog post detailing the a private tech company's revenue profile), especially from this example Buffer has set. I don't know how often it's updated, but this is a sample of their revenue profile 2 years ago; and I also think a few other companies in the West might be doing this already. While it isn't obligatory, something like this can be initiated in this part of the world to periodically publish the revenue profiles of volunteer tech startups, their identity anonymized of course, serving different segments of the economy.
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