#47 (Part 1) Building an on-demand platform for African content, Bastian Gotter, Iroko TV

Bastian Gotter is the co-founder of Iroko TV, one of the earliest, most successful and largest video on demand platform for Nigerian movies.

Bastian founded the business alongside with his university flat-mate, Jason Njoku, who is the CEO of the company, and a later guest in this show.

This is not Bastian and Jason Njoku’s first project together. In mid-2010, Bastian invested in several businesses that Jason was running in Manchester, England, many of which failed. But they stuck together as partners and Bastian invested in Iroko TV after Jason started it, and he then moved to Lagos and joined as a full-time co-founder.

This episode is the first of 2-part conversation I had with Bastian in Cape Town, as part of the mini-series on African video  on demand platform

In this episode you’ll learn:

  • The first business he bet on went bankrupt
  • He didn’t go into entrepreneurship early. But Bastian says he doesn’t regret it. He came in at the right time. Why?
  • Bastian isn’t exactly sure how much money he actually put in. There was no contract or incorporation or vesting period. How did they reach that level of trust?
  • It was a personal journey for Jason to make it a success and Bastian thinks that kind of determination is backable. Why does he think so?
  • How did they raise their first investment? What was unique about the process? How much did they raise?
  • How piracy did Nollywood a favour
  • A venture capitalist has to be convinced about your passion and determination for your business to succeed before giving you money
  • Why a company without a founder is like a company without a heart
  • The importance of a founder’s emotional connection to a business
  • Why does Bastian love investing? What is the most interesting thing about being a VC?
  • And more

Building The Future Podcast Season 3 is sponsored by Flutterwave

Flutterwave drives growth for banks and businesses across Africa through digital payment technology. You can learn more about their activities here.

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Episode 47