* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Sunday, May 25, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    ‘Devil Wears Prada 2’ Sparks Debate Over Miranda Priestly’s Fate – Yahoo

    Will Miranda Priestly Rise Again? The Controversy Surrounding ‘Devil Wears Prada 2

    CT Senate backs panel to support struggling live entertainment venues – WSHU

    CT Senate Approves New Initiative to Aid Struggling Live Entertainment Venues

    Elizabeth Hurley Will Be ‘Deceased’ on New Reality Show The Inheritance – Yahoo

    Elizabeth Hurley Takes a Bold Turn in New Reality Show ‘The Inheritance

    SRM Entertainment Announces $5 Million Private Placement – GlobeNewswire

    SRM Entertainment Secures $5 Million Investment to Fuel Growth!

    Embracer intends to spin off Coffee Stain Group by the end of 2025, with remaining business rebranded as Fellowship Entertainment – GamesIndustry.biz

    Embracer intends to spin off Coffee Stain Group by the end of 2025, with remaining business rebranded as Fellowship Entertainment – GamesIndustry.biz

    San Jose eyes creation of entertainments zones with FIFA World Cup, Super Bowl LX on the horizon – The Mercury News

    San Jose Sets Its Sights on Exciting Entertainment Zones Ahead of FIFA World Cup and Super Bowl LX!

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Prediction: This Will Be the First Mega Technology Company to Split Its Stock in 2025 (and It Isn’t Tesla) – The Motley Fool

    Get Ready: The First Mega Tech Company Set to Split Its Stock in 2025 (And It’s Not Tesla!)

    SD state worker promoted to lead Bureau of Information and Technology and its $88 million budget – South Dakota Searchlight

    South Dakota State Worker Takes the Helm of Bureau of Information and Technology with an $88 Million Budget!

    The data center boom in the desert – MIT Technology Review

    Unleashing the Desert: The Thriving Data Center Revolution

    T. Hasegawa creates flavor technology for plant-based applications – Food Business News

    Revolutionizing Taste: T. Hasegawa’s Innovative Flavor Technology for Plant-Based Foods

    Nike cuts some jobs in technology division – Reuters

    Nike Streamlines Workforce: Job Cuts in Technology Division

    InfiMotion Technology launches TL 300 integrated drive system – Automotive Powertrain Technology International

    InfiMotion Technology Unveils Game-Changing TL 300 Integrated Drive System!

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    ‘Devil Wears Prada 2’ Sparks Debate Over Miranda Priestly’s Fate – Yahoo

    Will Miranda Priestly Rise Again? The Controversy Surrounding ‘Devil Wears Prada 2

    CT Senate backs panel to support struggling live entertainment venues – WSHU

    CT Senate Approves New Initiative to Aid Struggling Live Entertainment Venues

    Elizabeth Hurley Will Be ‘Deceased’ on New Reality Show The Inheritance – Yahoo

    Elizabeth Hurley Takes a Bold Turn in New Reality Show ‘The Inheritance

    SRM Entertainment Announces $5 Million Private Placement – GlobeNewswire

    SRM Entertainment Secures $5 Million Investment to Fuel Growth!

    Embracer intends to spin off Coffee Stain Group by the end of 2025, with remaining business rebranded as Fellowship Entertainment – GamesIndustry.biz

    Embracer intends to spin off Coffee Stain Group by the end of 2025, with remaining business rebranded as Fellowship Entertainment – GamesIndustry.biz

    San Jose eyes creation of entertainments zones with FIFA World Cup, Super Bowl LX on the horizon – The Mercury News

    San Jose Sets Its Sights on Exciting Entertainment Zones Ahead of FIFA World Cup and Super Bowl LX!

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Prediction: This Will Be the First Mega Technology Company to Split Its Stock in 2025 (and It Isn’t Tesla) – The Motley Fool

    Get Ready: The First Mega Tech Company Set to Split Its Stock in 2025 (And It’s Not Tesla!)

    SD state worker promoted to lead Bureau of Information and Technology and its $88 million budget – South Dakota Searchlight

    South Dakota State Worker Takes the Helm of Bureau of Information and Technology with an $88 Million Budget!

    The data center boom in the desert – MIT Technology Review

    Unleashing the Desert: The Thriving Data Center Revolution

    T. Hasegawa creates flavor technology for plant-based applications – Food Business News

    Revolutionizing Taste: T. Hasegawa’s Innovative Flavor Technology for Plant-Based Foods

    Nike cuts some jobs in technology division – Reuters

    Nike Streamlines Workforce: Job Cuts in Technology Division

    InfiMotion Technology launches TL 300 integrated drive system – Automotive Powertrain Technology International

    InfiMotion Technology Unveils Game-Changing TL 300 Integrated Drive System!

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Business

From Lagos to Birmingham: How Shegun Otulana is transforming tech entrepreneurship in the US

January 20, 2024
in Business
From Lagos to Birmingham: How Shegun Otulana is transforming tech entrepreneurship in the US
Share on FacebookShare on Twitter

After a successful $1.2 billion exit deal in 2021, Shegun Otulana, a successful entrepreneur and founder, has committed to transforming the tech industry in Birmingham, Alabama by building companies, investing in others, and creating job opportunities across the state.

He announced his plan to establish 40 new startups in Birmingham over the next 10 years with aggregate valuation in billions of dollars.

From Lagos to Birmingham

Otulana was born in 1979 and raised in the vibrant city of Lagos, Nigeria where he lived until his teenage years. In 1998, at 18 years of age, Otulana moved to Birmingham, AL to escape the political turmoil and violence surrounding him in his native Nigeria.

Making the 6,000-mile journey with a few bags, big dreams and the accumulated expectations of his family that had sacrificed to give him a chance at foreign education, Otulana began his undergraduate study at the University of Alabama at Birmingham (UAB).

Otulana was one of 10 children born to his parents who were both business owners. His older brother studied medicine at the UAB and he followed suit in 1998, hoping to study computer engineering.

However, since the program was limited to graduate students, he completed his bachelor of science in engineering and management information while learning software development on the side.

A product of entrepreneurial parents, Otulana believes they served as motivations for his work.

“My parents were not very educated, they just hustled — renting property out, owning gas stations. They did what they could. I had no interest in my parents’ business, but you do see this correlation between entrepreneurial parents and entrepreneurial children,” he said.

Road to $1.2 billion exit

“I knew I was always going to be an entrepreneur, had various ideas that didn’t work and that journey was ultimately what led to the first company that turned out to be very successful which was TheraNest and morphed into TherapyBrands.”

In 2004, a year after leaving school, Otulana founded his first company, Zertis, a startup that focused on evaluating the chances for long-term success of various technological products. He ran Zertis full-time until TheraNest was birthed.

Otulana started TheraNest in 2013, which would emerge very successful. It was a software product that allowed behavioural health providers to manage all phases of their therapy business.

In August of 2013, Otulana stepped down from his post as CEO of Zertis to focus on TheraNest.

Later in 2017, he created Therapy Brands, a company which would house TheraNest and other software-as-a-service (SaaS) products for therapists.

Therapy Brands was ideated after a friend at Catholic Family Services contacted him to research management software platforms and he recognized the untapped market. The resulting product, “TheraNest” was originally named by Otulana’s wife, Mary.

But Otulana wanted something bigger and better that would impact more people in his community.

“While I was still at Therapy Brands, I really began to think about the next phase. I knew that whatever I did next had to still be about building things, that’s really what drives me. I believe that building companies and producing the economic empowerment that comes from building things can be very life-changing for the builder and for the people that you touch.

I thought about how do I take the lessons I had learned and the opportunities I now had and scale them with three things in mind: building great companies, helping the community I found myself in and creating economic opportunities.”

Otulana grew his company to an innovative enterprise valued for its service to more than 200,000 therapists and helping them improve the lives of millions of patients, and in May of 2021, Otulana sold Therapy Brands, TheraNest’s parent company, for $1.2 billion to the investment firm KKR of New York City.

He then founded Harmony Venture Labs (HVL) to support startup founders by equipping them with capital, providing guidance, resources, growth coaching and advisory services.

The 10-in-10 project

Otulana created Harmony Venture Labs to create other companies.

“We take the financial resources we have and put them into building companies, and we let those companies grow and thrive and all of our energy goes into providing growth, job opportunities with those companies,” he said.

2 years into its journey, HVL had impressed everyone. Its profitability grew astronomically, attracting loyal investors and establishing its presence in its market. HVL launched six companies generating several millions in annual revenue.

All this, Otulana, owes to good fortune.

“We became very profitable very fast. We did not raise a lot of money. My company was very capital efficient and built a company that became profitable within its second year. This is certainly not the norm, but being capital efficient has become a best practice.

Our goal is to launch 40 new startups in Birmingham– with an aggregate value in the billions of dollars,” according to him.

He said “It took us about seven and half years to take our prior startup to a company worth north of a billion dollars. But I project we can build 10 companies over the next 10 years with the insights we’ve learned and with the support of a lot of people in our community.”

Otulana hopes to use his expertise in the tech scene to achieve his big goals. Leveraging decades of experience and expertise in the industry, he claims to have mastered avoiding commercial landmines that sabotage success.

“I’ve witnessed entrepreneurs making the same mistakes over and over again throughout the ideation, customer validation, and product development stages of growing a company,” he said.

“I’ve found a way to avoid many common startup pitfalls by doing market validation first.” He says “You can significantly increase chances of success by ensuring there is a big enough problem in the market that people actually care about.”

A future for Birmingham’ tech ecosystem

The establishment of HVL is part of Otulana’s larger goal of transforming the city of Birmingham and ultimately the state of Alabama into an attractive technological hub.

“It will be a powerful vehicle to do all the things I care about…building teams, building companies, value creation, and Birmingham,” he said referring to his innovation and growth company.

“It alleviates suffering. It raises lives, at least in this present world that we see. It solves a lot of the human problems, and I know of no better vehicle to solve this problem than to give people economic empowerment, and the number one way I know of giving people economic empowerment is through entrepreneurship,” he said.

Otulana hopes that HVL will empower young startup founders in Alabama, encouraging more people to create startups, which in turn could lead to exponential partnerships with loyal investors and an established audience.

“Birmingham has challenges to building high-growth companies–lack of capital and talent staying in Alabama, but I feel me and my team can overcome these obstacles and turn these problems into an advantage…It’s the perfect platform to do all these things and to create momentum in the tech ecosystem,” he said in an interview.

His particular affinity to the city he claims, stems from his relationships and network.

“We have a lot of ties to Birmingham. We don’t run from where we have ties, we build on them. We build more TheraNests. We put a stake in the ground and say, for however long I’m here, I have an obligation to this place and its people,” Otulana told his alma mater.

He hopes that in a decade, there will be multi-billion dollar HVL-affiliated companies distributed across the state.

“I’m excited ’cause I know what that would mean for Birmingham.”

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : Businessday.ng – https://businessday.ng/life-arts/article/from-lagos-to-birmingham-how-shegun-otulana-is-transforming-tech-entrepreneurship-in-the-us/

Tags: BirminghambusinessLagos
Previous Post

Keyamo in Thales on mission to upgrade radar system in Nigerian airports

Next Post

Ditch the “God when”, here are steps to finding love before Valentine’s Day

Prediction: This Will Be the First Mega Technology Company to Split Its Stock in 2025 (and It Isn’t Tesla) – The Motley Fool

Get Ready: The First Mega Tech Company Set to Split Its Stock in 2025 (And It’s Not Tesla!)

May 25, 2025
I make $3,000 a month by sports betting 2 hours a day — my arbitrage strategy has minimized risk – Business Insider

How I Earn $3,000 a Month Sports Betting Just 2 Hours a Day with a Smart Arbitrage Strategy!

May 25, 2025
St Mary’s promotes ecology ‘toolkit’ as Pope Leo XIV urges universities to work for social and environmental justice – The Tablet

St Mary’s promotes ecology ‘toolkit’ as Pope Leo XIV urges universities to work for social and environmental justice – The Tablet

May 25, 2025
A Double Whammy for Scientists: Big Budget Cuts, Big Climate Consequences – Inside Climate News

Scientists Face a Double Blow: Major Budget Cuts and Dire Climate Impacts

May 25, 2025
Dragon Undocking Adjusted to Friday as Space Science Continues – NASA (.gov)

Dragon Undocking Rescheduled for Friday: Exciting Developments in Space Science!

May 25, 2025

Doctor Exploits Healthy Patients for Personal Gain: A Shocking Case of Medical Fraud

May 25, 2025
Australia coach Jo Yapp to leave after Women’s World Cup in September – BBC

Australia’s Coach Jo Yapp to Depart After Women’s World Cup This September!

May 25, 2025
OPINION: How the EU is Ruining Ukraine’s Economy – Kyiv Post

Is the EU Undermining Ukraine’s Economic Future

May 25, 2025
‘Devil Wears Prada 2’ Sparks Debate Over Miranda Priestly’s Fate – Yahoo

Will Miranda Priestly Rise Again? The Controversy Surrounding ‘Devil Wears Prada 2

May 25, 2025
Kick Off Summer Safely: Health Tips for a Fun Memorial Day Weekend – Warren County Post

Kickstart Your Summer: Essential Health Tips for a Safe and Fun Memorial Day Weekend!

May 25, 2025

Categories

Archives

May 2025
MTWTFSS
 1234
567891011
12131415161718
19202122232425
262728293031 
« Apr    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (639)
  • Economy (651)
  • Entertainment (21,561)
  • General (15,233)
  • Health (9,692)
  • Lifestyle (656)
  • News (22,149)
  • People (654)
  • Politics (658)
  • Science (15,874)
  • Sports (21,160)
  • Technology (15,639)
  • World (640)

Recent News

Prediction: This Will Be the First Mega Technology Company to Split Its Stock in 2025 (and It Isn’t Tesla) – The Motley Fool

Get Ready: The First Mega Tech Company Set to Split Its Stock in 2025 (And It’s Not Tesla!)

May 25, 2025
I make $3,000 a month by sports betting 2 hours a day — my arbitrage strategy has minimized risk – Business Insider

How I Earn $3,000 a Month Sports Betting Just 2 Hours a Day with a Smart Arbitrage Strategy!

May 25, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version