Spark

New lick of paint on http://spark.ng/. Now just to strengthen my investment thesis. Spark II… – Jason Njoku

In August 2013, “successful” entrepreneur

turned investor, Jason Njoku, raised more than $2 million dollars to create Spark, which he described as a company that builds companies. Of the 13 startups that were seeded in that batch, only three survived. One of them, Hotels.ng is a clear win, delivering at least 5x ROI value upon a $1.2 million series A from Omidyar Network and EchoVC. In theory, Hotels.ng alone could return the value of the first fund, which would not be a bad outcome.

He hinted at it last week, but now it’s clear that Jason is ready to do it again. There’s a new website, scrubbed clean of all the dead skin. Only the CEOs of the three surviving startups — Hotels.ng, Drinks.ng and Tolet.ng are on “the team” along with Jason’s co-founding buddy, Bastian Gotter, and Jason’s wife, Mary Remmy Njoku.

With all this negativity about Nigeria. Feels like the best time to make investments. Thinking Spark II…

It makes sense.

Bankole Oluwafemi Author

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