Shegun Otulana is a name that’s now synonymous with success in the business world. From humble beginnings in Nigeria, Otulana worked hard to pursue his dreams and build a company that would one day sell for a fortune. His story is a testament to the power of perseverance and the importance of never giving up on your dreams.
Otulana’s journey started in Nigeria, where he grew up with a passion for engineering. He earned a bachelor’s degree in electrical engineering from the University of Lagos before moving to the United States to pursue his graduate studies. Otulana earned a master’s degree in electrical engineering from the University of Kansas and a Ph.D. in computer engineering from the University of Cincinnati.
After completing his studies, Otulana began his career in the technology industry, working for a number of companies including Lucent Technologies and Motorola. He quickly developed a reputation as a talented engineer and a savvy businessperson, and he began to dream of starting his own company.
In 2005, Otulana founded his first company, called 404 Wireless, which focused on developing wireless networking technologies. The company quickly gained traction, and Otulana raised several rounds of funding to support its growth.
However, as the market for wireless networking technology became increasingly competitive, Otulana realized that he needed to pivot the company’s focus in order to stay ahead of the curve.
In 2011, Otulana founded his second company, called TheraVid, which focused on developing software to help people with chronic conditions manage their health. The company’s flagship product was a web-based platform that allowed patients to track their symptoms, medications, and appointments, while also allowing doctors to monitor their progress and provide personalized feedback.
TheraVid was a success, and Otulana quickly raised several rounds of funding to support its growth. However, as the company continued to scale, Otulana realized that he needed to make some difficult decisions in order to position it for long-term success. In 2019, he made the difficult decision to sell TheraVid to a larger healthcare company for $1.2 billion.
Today, Otulana is known as a successful entrepreneur and a respected figure in the business world. His journey from humble beginnings in Nigeria to selling a company for a fortune is a testament to the power of perseverance and hard work.
Otulana’s story is an inspiration to anyone who dreams of starting their own business and achieving success in the competitive world of entrepreneurship.