Tell us about yourself?
I am Jimi Daodu, founder and CEO of Vault Hill – the world’s first human-centric virtual world designed to enhance human experiences. We are revolutionising extended reality (XR) by humanising technology and redefining users’ experiences leveraging the power of blockchain technology and cloud computing.
What do you think is the single biggest misconception people have when it comes to startups?
That it’s glamorous and can make you filthy rich. The amount of time, hardwork and sacrifices it takes to scale a startup is overlooked by many.
If you could go back in time to any moment from your journey, and give yourself one tip, what would it be?
Put in place a thorough accounting system from Day 1 (not spreadsheets 😊 ), and that is one of my top 3 tips I will give anyone starting a business.
What makes you stand out as an entrepreneur?
Tricky one but I will say it’s a number of things. I’m a natural people person, driven with a knack for results, executional mind set, risk taker.
What are some of the best working habits you’ve gained over the past couple of years?
Hmmm, overcommunication (internal and external); delegation and trusting the team; using Grammarly when sending emails and typing.
Give us a bit of an insight into the influences behind the company?
Value creation, and the desire to enhance humanity are top on the list. Realising the numerous ways people can leverage the metaverse not only for wealth creation, but also to enhance every aspect of their human experiences was a major influence.
Where do you see your business in five years?
Being a unicorn, with a high profitability track record and impacting change in the world. We are laying a solid foundation to achieve this and soon, Vault Hill will be on everyone’s lips as the virtual world revolutionising extended reality.
What do you think the biggest challenge will be for you in getting there?
Macro economic challenges, and the pace of development of extended reality technology. Tech is advancing rapidly and we need to stay on top of it.
Talk to us about your biggest success story so far?
Vault Hill hands down…lol…. Setting a target to raise $500K, and exceeding that by raising over $2.1m.
How do clients and customers find you? Are you much of a salesperson for yourself?
Oh yea, I am very much a salesperson! Most clients find us via our social media and of course through events.
What one tip would you give to fellow startup founders?
Mentally prepare yourself at the start, seek a support network of fellow founders in your industry, invest big in your team (financially and personally).
And finally, what do you hope the future brings both you personally, and your business?
Personally – the ability to spend more quality time with my family, have more time to do more charitable work. Business – Significant growth through profitability and increased value to the company.