NewStats: 3,263,707 , 8,181,110 topics. Date: Saturday, 07 June 2025 at 12:55 PM f1264

maasoap:


You are hitching to defend that outrageous amount, right? He's exaggerating. Or, the rest of the 100 million dollars went into their pockets, may be that's why they failed

Hahaha. You are the one seeing that money as BIG money o, for those that roll on that level, it is what it is.

Irokotv Shutdown: We Spent $100 Million, Yet It Didn't Work - Jason Njoku

This is concerning.

Does it mean that not everyone is cut out for business

Could it be that some people just are not gifted with that ruthless streak to succeed in business

So, business success is not only dependent on having startup capital or deep pockets.

yewit37486:


Hahaha. You are the one seeing that money as BIG money o, for those that roll on that level, it is what it is.

It is a straight up lie

descarado:
Subscribed. They show mediocre movies. None is ever full movie. Very hard to navigate. Nigerians in diaspora were using that streaming site but they are so lax to effect new changes and move with the train. Most times, you can't even watch what they claim they have. And they have so little to chose from. So annoying I ended it before the end of one month.
Customer care is zero.
I when diasporians were complaining bitterly about their customer care here. One female name in particular.

They started and thought they have monopoly and did the Nigerian thing. Customers flee. I went back to them again but it was worst. They destroyed themselves. Also, they should have promoted their platform on social media very well.
Although I saw them on youtube, their promotion was archaic. They will show you advert and tell you to them. Phew. Who does that now especially when you are looking for customers. Besides,Nigerian movies are enjoyed by Africans a lot.

Their movies are mostly 50 minutes long

Anabosee:

U get 2 LoL, I get 12 wey I take de watch football leagues, even sporty bet and sporty tv go show you Poland and Estonian football leagues de play.

give me

BreconHills:


Iroko failed because it did not work on the wide-screen. It insisted in being mobile only despite diaspora being its most profitable market. You cannot reach diaspora on a mobile only strategy.

And then while others were going multi channel - they were building kiosks all over the place.

Well said.

Thanks for adding more perspectives to the thread convo. It further emphasizes on the need for every business to do a series of SWOT analyses and get to ruthlessly know the needs (and wants) of your marketplace.

buJu234:
bro.. u mean $100M

thats enough to buy oil blocks or start a high end real estate business

$100M enough to buy oil block?

Only on Nairaland!

Make some of una dey try hide una ignorance small na.

Ilekokonit:


This is concerning.

Does it mean that not everyone is cut out for business

Could it be that some people just are not gifted with that ruthless streak to succeed in business

So, business success is not only dependent on having startup capital or deep pockets.

Starting , running and making profit in business is not all about the ruthlessness brother.

The single most important thing even more important than the availability of capital is a strong well grounded feasibility study.
But most people believe that your ion, determination and whatever Grammer will always see you through. Dey play!

The founder even alluded to the fact that they made mistakes.

inoki247:



Lol you don't get it if MTN decides to stay in only SA how will they know they will make more....



You don't base your Market only one Country once you've the funds try other countries too...

YOU don't get it

If Nigeria makes more than SA then nowhere makes more