Sign Up

Have an account? Sign In Now

Sign In

Forgot Password?

Don't have account, Sign Up Here

Forgot Password

Lost your password? Please enter your email address. You will receive a link and will create a new password via email.

Have an account? Sign In Now

Sorry, you do not have a permission to ask a question, You must login to ask question.

Forgot Password?

Need An Account, Sign Up Here
Sign InSign Up

Question Bump

Question Bump Logo Question Bump Logo

Question Bump Navigation

  • Contact Us
  • FAQs
Search
Ask A Question

Mobile menu

Close
Ask a Question
  • Home
  • Communities
  • Questions
    • New Questions
  • Tags
  • Users
  • FAQs
  • Contact Us
  • FAQs
Home/ Questions/Q 1506
Next
Jay
  • 1
JayInformed
Asked: April 9, 20212021-04-09T11:49:10+00:00 2021-04-09T11:49:10+00:00In: Politics

Do Tech entrepreneurs need to get into politics?

  • 1

Its 2021, and you are a tech entrepreneur always looking to innovate right out of the box. With industries such as fintech, agrotech, insuretech, etc fast growing, there is more work for tech entrepreneurs to do, but do they have to think about politics too? Maybe

You are the CEO or owner of a tech business especially in the third world countries where the government can literally crumble your business over night and all you do is release rapid solutions that meets the demands of the eco-system in which you play. Isn’t it important for you to know someone in the government or have a backing from the government ? Here is why

For example, the popular Dangote Industries owned by the richest man in Africa Aliko Dangote is alleged to have used his influence and popularity with government officials in Nigeria to make his wealth and solidify his mark in Africa. Today, Dangote controls the entire commodity market for things like Cement, Sugar, Flour, and now crud oil to the extent that his competitors can no longer at that scale. I won’t call him a tech entrepreneur outrightly, but he sure is in this space too and know how to play his politics right.

Here is OPAY, a promising startup in Nigeria; we could go on and on with all their services from payment to hailing and riding but it all went into shambles from one law from the Lagos state in Nigeria, what a sad way to end an innovation idea.

Recently, the CBN banned fintech companies like Flutterwave, paystack from using the BVN service. They sure have their reason why they did this but did they consider what that could do to small businesses?

How about the abroad?

On the other hand, Facebook since 2018 – 2020 has been thoroughly scrutinised for its involvement in the last two elections in the USA. More and more allegations have been levied on a man who just wants to connect the world together; Mark Zuckerberg. Could we say it is because he doesn’t have anyone in government that he is facing all these issues?

To buttress this, take a study of how President Trump supported Apple all the way when he was in power. During this time, Apple never suffered any severe hit from congress so much and in-fact, most or if not all the government staff use apple products; their OS, phones, messaging service to mention but a few.

It is quite interesting how one policy, or a statement from the government can drive a tech company into extinction. This is why I advise tech entrepreneurs to get into politics or at least have friends or representative in the political class.

entrepreneurstech-politics
  • 0 0 Answers
  • 24 Views
  • 0 Followers
  • 0
Answer
Share
  • Facebook
    Leave an answer

    Leave an answer
    Cancel reply

    Browse
    Browse
    What is the capital of Egypt? ( Cairo )

    Sidebar

    Ask A Question

    Inspirational Podcast

    Stats

    • Questions 284
    • Answers 168
    • Best Answers 109
    • Users 90

    Adv 250x250

    • Popular
    • Answers
    • Anonymous

      Can one still find true ...

      • 6 Answers
    • Jay

      For how long can company ...

      • 4 Answers
    • Bellarmine901

      I need help installing FIFA ...

      • 4 Answers
    • Bellarmine901

      Why spend so much on ...

      • 3 Answers
    • Bellarmine901

      How Do I Keep My ...

      • 3 Answers
    • neha afzal
      neha afzal added an answer Digital Marketing is a tool that has developed the way marketing operates. It has created a new look to customization and personalization in marketing tactics and activities. To get increased… October 25, 2022 at 10:52 am
    • Humayoun Mussawar
      Humayoun Mussawar added an answer Nice article thanks for sharing it to get the audit of your website find out the seo experts in Pakistan contact him for SEO services          … October 14, 2022 at 12:34 pm
    • Realtorspk
      Realtorspk added an answer Nice article thanks for sharing it I just write an article on business ideas in Pakistan October 14, 2022 at 12:23 pm
    • Anchal Verma
      Anchal Verma added an answer New Generation People  Won't Bother much March 24, 2022 at 8:08 am
    • Jhero23
      Jhero23 added an answer Thank you very much April 16, 2021 at 8:40 am

    Users

    Daniel

    Daniel

    • 0 Questions
    • 381 Points
    Scholar
    Dee20

    Dee20

    • 0 Questions
    • 362 Points
    Scholar
    Kenny

    Kenny

    • 0 Questions
    • 256 Points
    Teacher

    Trending Tags

    business (7) coronavirus (11) covid-19 (13) fulfillment (3) hackers (4) health (9) life (9) life hacks (7) love (6) money (6) movies (5) nigeria (5) pc (3) relationship (7) safety (6) social media (5) stay safe (3) success (7) survival (3) virus (5)

    Explore

    • Home
    • Communities
    • Questions
      • New Questions
    • Tags
    • Users
    • FAQs

    Footer

    © 2020 Question Bump. All Rights Reserved
    With Love by PianistProgrammer.

    Insert/edit link

    Enter the destination URL

    Or link to existing content

      No search term specified. Showing recent items. Search or use up and down arrow keys to select an item.