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Nigerian entrepreneur Chinedu Echeruo sold his company to Apple for $1 billion — here are all the amazing things he has done since then

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  • Meet Chinedu Echeruo, a self-proclaimed serial tech entrepreneur.
  • He gained popularity after his company was acquired by Apple for $1 billion back in 2013. 
  • Since then, he has founded and sold another innovative firm. He has also invented a US Patent and cofounded a startup studio amongst other incredible things.
Chinedu Echeruo is a Nigerian Tech Entrepreneur  (angel)

Chinedu Echeruo is a Nigerian Tech Entrepreneur (angel)

Nigeria has been in the news lately for all the wrong reasons with the arrest of the Chairman of Invictus Group, Obinwanne Okeke, for engaging in fraudulent activities and the release of a list of Nigerians who have been accused of being part of a notorious fraud ring.
So, it’s only right that we showcase the amazing citizens doing great things. Business Insider Sub Saharan Africa by Pulse puts the spotlight on a self-proclaimed serial tech entrepreneur named Chinedu Echeruo.
Origin story
He was born in the Eastern part of Nigeria. He went on to gain his secondary education at Kings’ College, Lagos and a B.S in Finance and Accounting (Honors) from Syracuse University.
He later earned an M.B.A. from the Harvard Business School in the United States.Echeruo put his business degree to use while working at J.P Morgan Chase, an investment banking company. There, he was involved in a broad range of M&A, financing and private equity transactions. He also worked with AM Investment Partners, a $500 million volatility-driven convertible bond arbitrage hedge fund.
Chinedu Echeruo is a global Tech Entrepreneur (businessworldghana)

Chinedu Echeruo is a global Tech Entrepreneur (businessworldghana)

From investment banking to launching a billion-dollar company 
He eventually left the investment world to start his software company — Hopstop.com — in 2005. The idea to start a navigation service for pedestrians came after he got tired of getting lost in New York City’s transport system. 
His frustration led to the invention of a service that would help people get door-to-door mass transit, walking, biking, and taxi directions from various parts of the country and other parts of the world.
HopStop, which covers over 300 cities throughout the U.S., Canada, Europe, and the United Kingdom, quickly made a name for itself in the location-based service industry. 
It won Black Enterprise’s Small Business Innovator of the Year Award in 2007 and was later named one of the top 100 fastest growing software companies in the United States. By 2010, Echeruo’s service had grown 250% from $574,268 to $2 million in revenue and then an estimated $5 million in 2012.
It’s no surprise that it caught the eye of tech giant Apple Inc., who acquired HopStops for an estimated $1 billion. Commenting on the acquisition, Jim Thatcher, a researcher who specializes in mobile mapping technology said: “There is no doubt that Apple paid a large sum for HopStop. There is a gold rush for mapping apps like it.”
Life after Apple 
After selling HopStop, Echeruo became a principal at Constant Capital Partners Ltd. Explaining his decision to be part of a boutique investment bank and personal investment company in West Africa, he said, “I am excited to be part of the change in culture and economy of Africa right now.”
This innovative Nigerian entrepreneur went on to launch a “cause-driven” social platform called Gigameet. Now known as MindMeet, it was the recipient of the 2019 “World’s Most Innovative Company” award.
Prior to starting Gigameet, he founded another U.S-based internet company called Tripology.com. The travel referral service was later acquired in 2010 by Rand McNally and is now owned by USA Today.
Chinedu Echeruo is a global Tech Entrepreneur (inc)

Chinedu Echeruo is a global Tech Entrepreneur (inc)

 He is also the co-founder of the Love and Magic Company, a startup studio and an inventor of US Patent # 7,957,871, for Methods and Apparatuses for navigation in urban environments. 

Entertainment

Mr Eazi proposes to Temi Otedola!

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For what seemed like a long while, celebrity power couple—Mr Eazi and Temi Otedola—are finally engaged as Oluwatosin Ajibade better known as Mr Eazi pops the heartwarming “Will you be my wife?” question to his girlfriend of 2 years Temiloluwa Otedola and she responded favourably in the affirmative “Yes” tone.

Fashion mogul and Icon Temi Otedola began dating artiste and music label CEO Mr Eazi in the year 2020 and have been living together ever since in their London apartment, sharing intimate moments, even meeting respective family members. This they’ve both shared in detail on their How Far? With Mr Eazi And Temi Otedola podcast.

Temi announced her engagement by posting the sea-side proposal of Mr Eazi on one knee asking the important question. The video goes by the simple caption of the infinity logo connoting they’re both locked in for life.

Congratulations to Temi Otedola and Mr Eazi!

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Nicki Minaj agrees “Essence” should be song of the year at the Grammys

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American superstar rapper, Nicki Minaj, shares the same sentiments as myriads of Wizkid fans and well-wishers worldwide, in that she concurs to the argument the trendsetting crossover record-breaking single from Wizkid’s 2020 released “Made In Lagos” album, Essence should be in the conversation for the coveted “Record of the Year” plaque at this year’s Grammy Awards.

Although “Essence” did not receive the much desired nomination in the category for “Record of the Year” at the 2022 Grammy Awards, it did get a nod for Best Global Music Performance, the first of its kind.

Irrespective of the snub, Nicki whilie on Joe Budden TV (YouTube) as a guest on the special episode tagged A Conversation With Nicki Minaj & Joe Budden agreed with the host (Joe Budden) when he said “We need people on the Grammy board that know that “Essence” was song of the year” with an exclamatory “Right! Right!” response. She even proffered, “We should have our own Grammy Board“, in support of many and the popular believe that Black Americans or black artistes in general are always stereotyped to a particular category at the award show, if indeed they made it to the top categories, they barely win; Nicki Minaj does not have a Grammy Award herself and that is still a shock to many, especially when considering her refined catalogue of music.

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Pheelz & Buju (BNXN) live the carefree lifestyle on “Finesse”

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After much teasing, the anticipated Finesse by Pheelz and Buju (now BNXN) hit DSPs across the globe and just like the teaser gave off, Finesse is a banger! It is produced by young producer under Pheelz’s wing known as Miichkel.

On Finesse, Pheelz and Buju live their life to the fullest, the carefree lifestyle is what they desire and they are determined to stay on that track for the time being. “I’ve been living the fast life but I see it in slow mo / And you see my lifestyle, I got Gs in the turbo / . . . / Bad girl sey she want Netflix & Chill / So I ja ticket give her warning / If you fall in love, girls it’s certain / You go chop breakfast, I’m not capping“, Pheelz explains on the first verse, even saying love and relationship cannot stop him from living the ‘ballers’ lifestyle; “I’d be dammed if there’s anybody that could be like me / I be like Mo’ Salah, coming up the right wing / I cut through your defender, you no need to tell me / I must finesse / And you know sey me I must net“, Buju braggingly adds on the second verse, saying he can score any chick that catches his eye and dish her the next minute.

listen to the popular joyous chorus “Ah finesse / If I broke na my business / Ama shana e go bright o / Folake for the nighr ohere or on Apple Music.:

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