Chinedu Echeruo On Navigating Tech Business Success [Watch]
Black Enterprise Magazine September/October 2018 Issue

Nigerian native Chinedu Echeruo is the innovator behind HopStop (Image: Source)

Chinedu Echeruo is a technology history maker. The company he founded,, is a household name in many urban cities throughout the world including, more than 100 US cities, London, Paris, Moscow, Sidney and Wellington, New Zealand, just to name a few.

HopStop is one of the leading pedestrian navigation services, providing door-to-door walking, biking, transit, taxi and hourly car rental directions to city residents and tourists. As of last fall, the company topped more than 2 million app downloads, and now only six months later they just rocketed past 3 million total app downloads. It is the #7 ranked iPhone app in the free Navigation category at HopStop is also innovating yet again by tackling the challenge of providing it’s users with real-time transit information at scale via a new crowdsourced service that’s set to launch in it’s iPhone app in early April.

The investment banker with an MBA from Harvard started HopStop in 2005, focusing on New York, Chicago, Boston, and Washington, DC.  Echeruo also launched, a website that connects consumers with travel agents. No longer CEO at HopStop, Echeruo has returned to the investment side of things and manages principal investing and private equity business for Constant Capital, a West African-based investment company.

Black Enterprise spoke with Echeruo about building a digital company that has staying power, preparing your company for growth, and why you should consider investing in tech companies in Africa:

Produced by Marcia Wade Talbert; Videography by Kenneth Meeks; Editing by Deven Clarke

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Marcia Wade Talbert

Marcia is a multimedia content producer focusing on technology at Black Enterprise Magazine. In this capacity she writes and assigns stories to educate readers about social media; digital integration; gadgets, apps, and software for business and professional development; minority tech startups; and careers in STEM (Science, Technology, Engineering, and Mathematics). In 2012, she received two Salute to Excellence Awards from the National Association of Black Journalists and was recognized by Blacks in Technology (BiT) as one of the Top 10 Black achievers in the tech arena for 2011 at SXSW in Austin, Texas. She has spoken about technology on panels for New York Social Media Week, at The 2012 Rainbow/PUSH Wall Street Summit, as well as at Black Enterprise’s Entrepreneurs Conference and Women of Power Summit. In 2011, chose her as one of 28 People of Color Impacting the Social Web, and through crowdsourcing she was listed as one of BlackWeb2.0's/HP's 50 Most Notable African American Tastemakers in Social Media and Technology for 2010. Since taking on the role of Tech editor in September 2010, she has conceived and produced five cover stories on Technology and/or STEM and countless articles, videos, and slideshows online. Before joining as an interactive general assignment reporter in 2008, she freelanced with Black Enterprise beginning in 2003 while working as the technical editor at Prepared Foods magazine. There she further honed her writing skills and became an authority on food ingredients, including ingredients used in food fortification and enrichment. Meanwhile, her freelancing with Black Enterprise and helped her stay current on issues pertaining to the financial and business welfare of African Americans. As a general reporter for Black Enterprise she attended and reported on the Democratic and Republican National Conventions, where she interviewed Valerie Jarrett, senior advisor and assistant to President Barack Obama and U.S. Attorney General Eric Holder. Marcia has a Bachelor of Science degree in Agriculture with an emphasis in food science from the University of Minnesota, and a Master of Science degree in journalism from Roosevelt University in Chicago. En route to her secondary degree, she served as the editor-in-chief of the Roosevelt University Torch, a weekly, student-run newspaper. An avid photographer and videographer, Marcia is one of several employees at BLACK ENTERPRISE who interned for the publishing company as a college student. She lives in New Jersey with her husband, a food scientist; her seventeen-month-old daughter; and “The Cat”, but still considers Chicago home.