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Marcel Dridje
Startup Ecosystem Advisor | Angel Investor | Ex Cisco Sales Executive | 4 Startup Exits
Marcel Dridje is a seasoned entrepreneur, business angel, and startup ecosystem advisor currently serving as the EBAN GCC Ambassador at EBAN - European Business Angel Network.3 He is based in Doha, Qatar4 and has extensive experience in the technology and telecom industries.12
Career Highlights
- Former President of Sophia Business Angels (SBA), now holding the position of President Emeritus12
- Mentor at The Camp in Aix en Provence2
- Over 35 years of experience in IT and Telecom Sales, including roles at major companies like IBM, Nortel, Lucent, Cisco, and EMC2
- Held VP positions, notably as VP EMEA at Corvis2
Entrepreneurship and Investment
Marcel is actively involved in fostering innovation and entrepreneurship, particularly in the MENA region.1 He:
- Mentors startups and participates in various programs to nurture the emerging startup ecosystem1
- Advocates for cross-border collaborations between Europe and the GCC regions1
- Has invested in successful ventures such as Vaelsys/IVAS, Zetalabs, Faveeo, Digitalarti, OnePulse, and Cyberflowanalytics2
Education and Background
- BSc in Electronics and Computer Science from Portsmouth Polytechnic, UK2
- M&A executive program credentials from INSEAD2
- Of French-Algerian and British origin2
Marcel Dridje is passionate about promoting gender equality in entrepreneurship and investment, supporting women-led initiatives and encouraging young girls to pursue education and entrepreneurship.1
Highlights
Rasmal Ventures 🚀🚀🚀🇶🇦🇶🇦
Open Position: Full-time Analyst
Calling all of those young # graduates in #business and #finance aspiring to start their career in this amazing #venturecapital industry that fuels #startupecosystems and #innovation across the world 🚀. Ideal candidates should ideally be based remotely in : #Algeria 🇩🇿 #Morocco 🇲🇦 #Tunisia 🇹🇳 #Libanon 🇱🇧 #Jordan 🇯🇴 #Egypt 🇪🇬 Speaks and write ✍️ fluently #Arabic #English
Check this posting and apply on line and don’t contact me directly 🙏
https://lnkd.in/dwAZEkD9
EBAN - European Business Angel Network Investors of the Mediterranean MDBAN Sophia Business Angels Casbah Business Angels Outlierz Ventures ATUGE Algerian Talents Networking Worldwide Moroccan Business Angels Network (MOBAN)
EBAN - European Business Angel Network
Let me share with you an amazing post from my friend Vitaly Polekhin and board member with me at EBAN - European Business Angel Network :
In the startup world there is a misconception that the key to success is only the big money of the investors. But the story is full of examples of companies that, despite seemingly limitless investments, have not been able to realize their potential. Why ? Because money is just a tool, not a guarantee of success.
On the other hand, many successful projects started from scratch, without investor capital, but with a bright idea and passionate desire to make a difference. This is where the key moment is in the exponential model of scaling. If a product or service solves a problem and has the potential for scale, then sooner or later it will find its audience and money.
Startups are not always about external funding. This is primarily about strategy, innovation and, of course, scaling. I agree investors can speed up this process, but they're not the only way.
Don't chase the money, chase the dream. In the battle between a strong entrepreneur and the power of capital, the entrepreneur wins. Passion keeps you awake at night and creates history. Regardless of the amount of funding.
Remember the times of pandemic and the hype around Clubhouse? I bet you have already removed this app. So, the startup still exists. With the huge investor money they raised back then (that’s $310 million at an estimated 4 billion), cutting the state in half. They announced that they have tapped into an audio messenger with a variety of chats and communities for friends inside. Instead of audio in real time, messages can be listened to at any time and read the transcription in your native language. Without any plans to monetize the app in the near future, just as without plans to attract new money from investors. The previous money is more than enough.
Why is this interesting ? The startup strategy "take more than you need, if they give - tomorrow there may be no money" sometimes helps well. But she's nothing without cutting bones quickly and focusing on the main thing in the difficult times.
Here’s another well-known startup, Midjourney, which many use to generate cool images with artificial intelligence, since its founding in 2021, it hasn't attracted a penny from investors and already generates 200 million dollars in revenue 😎 It's all about the unfortunate experience of Midjourney founder David Holz, who attracted a lot of money into his previous startup Leap Motion and sold its strategy "not too expensive". Although a line of well-known investors have been in Midjourney for a long time, the founder wants to grow on his own funds for as long as possible. He announced nearly 15 million users, some of whom pay between $10 and $120 a month, and greatly help to opt out of venture funding 😅
✅ Venture is not about raising money into a startup. It's about the exponential model of scaling 🚀
