Yemi shares his idea about a business he would love to build, how he will go about it and what stopped him from doing it. He hopes someone gets to do it after listening to this episode.

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[0:00] Intro

[2:20] The business idea

[14:30] Is it really marketplace?

[18:36] Data and integration

[29:12] Business model fit

[35:25] Go to market

[45:43] Channels of acquisition

[55:00] Regulatory concerns

[57:12] Acquisition and Retention

[1:07:15] Why didn't you build it

[1:13:55] Brand name

In this episode, Yemi and Nnamdi talk about the sports prediction market, how they make money, grow, and what is the end game for them. 

To stay in tune with all episode releases and additional information about the hosts, follow @teardownpodcast on Twitter.

If you’ll like to get the insider's gist, subscribe to our newsletter here: https://substack.com/profile/24047883-african-startup-teardown-pod

Please leave a review, comment share, and like wherever you listen to podcasts. We want to hear from you and appreciate your feedback. Better ratings mean more people get to listen to the show and it helps us grow.

Follow The Time Stamps 

[0:00] Intro

[3:05] Topic of discussion

[5:56] How they acquire customers

[13:50] Customer activation

[23:18] How they retain their customers

[27:25] How they make money

[35:00] Referral

[37:03] How much they make in a month

[42:40] Thoughts on the market growth

[43:47] Product-market fit

[45:41] Product channel fit

[46:47] Model market fit

[50:11] Channel model fit

[51:22] Outro

Many conversations around Jumia focus on why eCommerce is hard or how it's hard to do deliveries in Nigeria, but they are often surface-level analyses of Jumia's opportunity.

We go in deeper and cover all of Jumia. How they make money, how they think about launching businesses, their growth prospect, and their strategic direction.

This is an episode you will love. Plus the audio on this is the best so far. You will love it!

We recorded this episode back in April 2021 and we discussed how we would think about growth for some of the early stage/series A VC-funded startups in Nigeria. We talked about Stears, EdenLife, Moove, Rise, and a lot of others. 

This episode is great in understanding how to think of user acquisition. 

We discuss why they are so many property listing websites in Africa. We reversed engineered how the biggest players in the space acquire renters and estate agents and how property listing sites think about retention and monetization.

If you have ever wanted to start a marketplace or listing site, this is a must-listen.

In this episode we reverse engineer how Jiji.ng grows and answer the question "Can they can become a $10m revenue company?". We go over their growth framework and share what we have discovered