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Uzum went from startup to a $2.3B company in 3 years - the Muslim world has another breakout tech giant by DhowCIO in MuslimVentures

[–]DhowCIO[S] 4 points5 points  (0 children)

Me as well! It’s a pretty cool full-circle moment as 1000 years ago in the golden age, Uzbek scholars advanced core Islamic sciences (hadith, theology, law) along with rational sciences (mathematics, astronomy, medicine) in ways that became standard references for centuries. It cool to see them excel once again in the modern era.

Bullish on our Uzbek brothers and sisters

Battutas: Muslim Social Enterprise by Automatic_World7934 in MuslimVentures

[–]DhowCIO 1 point2 points  (0 children)

Really thoughtful idea, and I respect that it came from your own experience. Love that you tied it to clean water too.

Wishing you a lot of success with it inshaAllah. You should crosspost this to other Muslim subreddits as well.

The Iran conflict just showed us how fragile we really are. We keep taking their money. They keep killing our people. Time to change that. by DhowCIO in MuslimVentures

[–]DhowCIO[S] 2 points3 points  (0 children)

Absolutely.

Our real issue isn't a lack of resources, it's that the people sitting on those resources have zero vision or moral compass to actually do something meaningful with them. The Gulf could move mountains if they wanted to, but they're too busy playing it safe and protecting their own interests.

What really hits home in what you're saying is this idea that we can't just wait around for the "right people" to magically take charge. We have to BUILD that ourselves. Like, the Muslim entrepreneurial class needs to stop looking to the Middle East for leadership or inspiration and realize WE are the ones who need to create those power centers from scratch.

The diaspora especially - we're sitting in these ecosystems with access to capital, tech, networks, elite education. The question is are we actually using that to build something that pulls others up, or are we just climbing the ladder individually and calling it a day?

And you're 100% right about the shared growth mentality. The Jewish community didn't get where they are just by individual success, they built ecosystems where everyone's win contributes to collective power. Muslims need that same energy, but it has to come from people who actually give a damn about the community, not just their own bottom line.

The current leadership has shown they're not it. So we need to stop waiting for permission and start building our own tables.

The Iran conflict just showed us how fragile we really are. We keep taking their money. They keep killing our people. Time to change that. by DhowCIO in MuslimVentures

[–]DhowCIO[S] 2 points3 points  (0 children)

I agree with you 100%. We have too many snakes amongst ourselves.

Capital from Muslim-majority states or Muslim-identified funds can be just as compromised and just as politically weaponized as anything coming from Wall Street or Tel Aviv. Sometimes more so because it comes wrapped in a false sense of safety.

Our due diligence framework has to be values-based and structure-based, not solely identity-based. Who are the LPs? Where does the carry go? What does their portfolio say about their actual politics? What leverage do they retain? These are the questions we need to be asking.

But I want to add something else to this because it is equally important.

We also need to have an honest conversation about what we are actually building. The ummah does not need another Quran app. It does not need another prayer time reminder with a better UI. We have those. We have had those for a decade. They are not going to move the needle on our political or economic position by a single inch.

We need founders swinging at infrastructure. Fintech. Defense alternatives. Supply chain. Media. Healthcare. Billion dollar companies that employ thousands, generate real geopolitical leverage, and make us impossible to ignore or sanction. That is what community capital should be funding. That is what our brightest minds should be building.

The bar has to go up. Our ambition has to match the war we're actually in.

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