Most entrepreneurs are looking for growth in the wrong place. Aliko Dangote didn’t chase technology. He aligned with an emerging trend in his ecosystem and built dominance around it.

That’s the difference between chasing growth and controlling it.

Entrepreneurship is often framed as a race to build on emerging technologies. But across global billion-dollar founders, the decisive advantage comes earlier through disciplined Opportunity Definition.

Dangote built Africa’s largest industrial empire not by chasing technology, but by aligning with emerging structural demand and building capacity around it.

Opportunity Definition Is Not Idea Generation

Dangote did not begin with a startup pitch deck. He began with a structural observation.

Nigeria, and much of Africa, was importing enormous quantities of basic goods while domestic demand was accelerating due to urbanization, infrastructure expansion, and population growth. These goods included cement, sugar, flour, and later, petroleum.

The emerging trend was not software adoption. It was continental demand outpacing local supply capacity. Most traders saw price arbitrage. Dangote saw Africa’s dependency.

That distinction defines Opportunity Definition.

From Trading Arbitrage To Structural Control

Dangote began in the late 1970s as a commodity trader after receiving a small loan to start his business in Nigeria. But trading alone rarely produces durable dominance.

The inflection came when he reframed the opportunity. Africa did not need more intermediaries. It needed domestic production – at scale.

He pivoted from importing to manufacturing – building what became Africa’s largest cement producer, Dangote Cement, and later starting one of the world’s largest oil refineries to reduce Nigeria’s reliance on imported fuel (https://dangote.com) This was not technological disruption. It was structural substitution.

Forbes Daily: Join over 1 million Forbes Daily subscribers and get our best stories, exclusive reporting and essential analysis of the day’s news in your inbox every weekday.

He aligned with three converging macro trends:

Africa’s rapid urbanization
Infrastructure build-out
Supply chain sovereignty

That alignment is the essence of Step 1 in Unicorn-Entrepreneurship: define the emerging trend and find the strategic fit to take advantage.

Opportunity Definition Precedes Capital

Since the 1960s, Silicon Valley has generated unicorns from emerging technologies –semiconductors, personal computing, telecommunications, the internet, smartphones, and AI. Entrepreneurs like Larry Page, Sergei Brin, and Mark Zuckerberg, and Elon Musk aligned with these trends.

And the world has imitated - with varying degrees of success.

But technology is not the only source of exponential opportunity. Across regions and industries, major breakthroughs have come from identifying dominant economic trends – medical electronics (Medtronic), big-box retail (Walmart), new business models (Dell), and digital platforms in emerging markets (Aleph) (https://www.forbes.com/sites/dileeprao/2024/01/24/bootstrapping-unicorns-7-finance-smart-insights-from-gaston-taratuta/).

In many parts of the world, the most powerful trends are not technological revolutions, but infrastructure gaps, demographic expansion, import dependency, and underdeveloped domestic capacity

Opportunity Definition is contextual. The mechanism is universal. The founder who identifies the emerging trend and the structural bottleneck – and builds capacity around it – controls the leverage point of the industry.

And leverage determines power.

When Power Shifts from Capital to Founders

In many startup ecosystems, capital dictates timing and direction. Founders must convince investors before they can build scale. Dependency shifts negotiating power to financiers.

But when an entrepreneur proves an opportunity grounded in inevitability, the equation changes. Capital follows proof. When demand is obvious and potential is evident, investors compete for participation rather than dictate terms. This is why investors flew to Boston to lure Mark Zuckerberg to Silicon Valley. And why one of the world’s greatest VCs, John Doerr, flew to Seattle to invest in an emerging giant called Amazon.com.

At earlier stages, investors often gain influence when leadership is unproven. But once founders demonstrate both strategic clarity and leadership capability, leverage shifts.

Dangote scaled by aligning with economic necessity and proving execution. By doing so, he ensured that capital accelerated momentum rather than controlled it.

A Broader Global Pattern

Bezos aligned with the explosive growth of the Internet.

Musk aligned with the Internet, electric cars and commercial space.

Dangote aligned with industrialization and economic independence.

Different continents. Different industries. Same first principle.

Identify an emerging macro trend.
Locate the structural inefficiency within it.
Expose the competitive weakness to find your strategic fit.
Position for long-term control of that leverage point with unicorn skills

Forbes6 Skills To Unleash Your Inner Unicorn-EntrepreneurBy Dileep Rao

From Sam Walton to Steve Jobs to Aliko Dangote, billion-dollar entrepreneurs repeatedly follow this pattern, adapting it to their environment. In Silicon Valley, success often builds on emerging technologies. Elsewhere, it often builds on emerging economic shifts, national strengths, and unmet structural demand. The principle is the same. The context differs.

Too many institutions, regions, and countries replicate Silicon Valley’s methods without asking whether their region’s dominant trend is technological, demographic, industrial, or infrastructural. The result is imitation without alignment. Often without success.

Dangote’s trajectory reminds us that entrepreneurship should be disciplined Opportunity Definition applied to the dominant trend of a region.

Aliko Dangote’s story belongs in the same global conversation as Bezos, Musk, and Zuckerberg. Not because he built an app. But because he mastered the first principle of billion-dollar entrepreneurship – find the right opportunity on he best emerging trend for you

MY TAKE: Aliko Dangote’s rise demonstrates that the steps of Unicorn-Entrepreneurship are universal. They do not depend on emerging technologies, but on disciplined Opportunity Definition: identifying emerging needs and trends and aligning them with competitive advantage.

Silicon Valley capitalized on technological revolutions. China scaled manufacturing dominance. India leveraged software expertise. Dangote built industrial capacity around structural demand in Africa.

Different ecosystems. Different catalysts. Same underlying principle. Unicorn-Entrepreneurship is not about imitating another region. It is about mastering the dominant trend of your region — and building durable control around it. (Forbes)

Update news