Adeyemi Ajao: A Founder Turned VC on Building Base10 Partners, and the Abundance Mindset

In this episode of Something Ventured, I talk to Adeyemi “Ade” Ajao, co-founder of Base10 Partners, one of the largest Black-led venture capital firms in the world.

Ade shares his journey from growing up in Nigeria and Spain to building multiple successful companies, including Tuenti, which was sold to Telefonica. He also discusses his transition into venture capital, his mission to empower underrepresented founders, and the impact of Base10’s Advancement Initiative, which partners with top universities to support a diverse new generation of entrepreneurs.

Other topics include: 

• Sci-Fi Inspiration: Adi and his brother are avid readers of science fiction, which shaped their belief in the power of human imagination and technology.
• Global Entrepreneurship: Adi reflects on the scarcity mindset found in some parts of the world, like Spain and Mexico, and contrasts it with the abundance mindset in Silicon Valley, where entrepreneurs help each other succeed.
• Technological Evolution: The conversation touches on how social networking emerged due to advancements in technology, and the broader impact of automation on traditional industries.
• Philosophy on Venture Capital: Adi shares how Base10 gives back by donating 50% of their carry to fund scholarships for underrepresented students in STEM, and emphasizes the importance of mission-driven work.

Base 10

8-Bit Capital