Overview: Today, we’re going to talk about Thrive Agric, the Nigerian Agricultural technology company - we’ll explore Thrive Agric's story across 5 areas:
- First we'll start with some context about African agriculture
- Thrive Agric's launch & early history
- Product & monetization strategy
- Competitive positioning & potential exit options
- Overall outlook
This episode was recorded on September 25 2022
Companies discussed: Thrive Agric, Apollo Agriculture & FarmCrowdy
Business concepts discussed: Agricultural Technology (AgriTech or AgTech), smallholder farmers acquisition strategy, Agriculture financing, Crowdfunding, Agriculture value and supply chains & Debt financing
Conversation highlights:
- (10:41) - Africa Agriculture context
- (19:38) - Nigeria Agriculture context
- (26:14) - Nigeria crowdfunding backgroun
- (32:30) - Founders’ background and launch story
- (46:48) - Fundraising
- (55:47) - Product and monetization strategy,
- (1:09:15) - Competition & options for exit
- (1:19:20) - Bankole’s overall thoughts and outlook
- (1:24:45) - Olumide’s overall thoughts and outlook
- (1:32:25) - Recommendations and small wins
Olumide’s recommendations & small wins:
- Interested in investing in Africa Tech with Olumide: Read about Adamantium fund & contact me at olumide@afrobility.com
- Founders looking for funding: If you're a B2B founder working on Education, Health, Finance or food, please contact me for funding at olumide@afrobility.com
- Recommendation: Jim Rohn - How to change your life video - Incredible. He just drops non-stop knowledge bombs. Remarkable
- Recommendation: Toucan chrome extension to learn languages
- Small win: Exercise of writing 50 goals. Brought up a lot of interesting ideas. Shout to Alan Donegan for facilitating this
- Other content: A Thrive Agric Story. One Farmer at a Time.
Bankole’s recommendations & small wins:
Recommendation: AI And The Limits Of Language, Lindy Hacker News & Lying For Money
Small win: Strength workouts
Other content: Asake - Mr Money with the vibe, ThriveAgricPR - product overview, Leadway Insurance response on Twitter, SEC Nigeria rules on Crowdfunding, Invest Like The Best - Jeff Jordan & Kevin Systrom on Lex Fridman
All episodes on Afrobility.com