Hello Nlanders, this thread is for all those who have ideas for internet start-ups but cannot secure necessary funding to kick-start their projects because investors relatively play it safe by opting for already-in-progress startups.
While a lot of people are interested in agriculture, import/export biz, and other ventures, we simply cannot deny that nigeria even without adequate broadband internet penetration is getting ripe for heavy internet success.
The truth is that, even with the presence of Iroko, JUMIA, Konga, Jobberman, Dealdey etc, they have not quiet made it to the profitablility point yet. Nairaland in Europe could easily be making 5 times more money than it does - with the amount of traffic and audience that it has.
I have tested a lot of start-ups and the truth is that while most of them are great ideas, their deployment is not just feasible yet. So founders loose hope and cut their losses.
So if you as an investor, really appreciate all the challenges surrounding internet startups and are willing to invest in one that has not yet been developed (investing in an idea basically); you need a lot of money, patience, and Discipline.
Look out for factors that speak for or against an idea, and try to maintain contact with the founders.

I have a Internet business idea that wouldn't cost you a fortune to invest in, if you are interested in knowing more, contact me on 08133459909 or lanlehinayobami@yahoo.com