Has the bubble burst? developed a leak? or was there even a bubble at all?

“Today, across my network of companies, I directly and indirectly employ around 200 people. 90% under 27. 150 or so in Lagos but hope by 2015 that number reaches at LEAST 1,000.”
May 7, 2013.

“Today I had to fire retire 13 people.”
October 13, 2013.

What happened in the time between the 2 posts?

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