Entrepreneurs need which kind of funding?
I once went out looking for funding to set up my own biz. Apart from being frustrated, it cost me lots of efforts and time. It is then that it occurred to me that what I really needed was not much money. After all, the most successful companies in the world were started with little or no capital at all. I think the best approach that financiers could adopt especially for the entrepreneurs in technical fields is to offer apprenticeship, incubation or something like that. And since I hit the road with this in mind, I could only have wished that I had started much earlier. So far, I'm not complaining. Obunga Ouya
The biggest assest a venture capitalist brings on the table is setting up the best team possible to make the business work. Sometimes money is not everything. On Thu, Sep 10, 2009 at 1:54 AM, Ogure Obunga <write2ogush@gmail.com> wrote:
I once went out looking for funding to set up my own biz. Apart from being frustrated, it cost me lots of efforts and time. It is then that it occurred to me that what I really needed was not much money. After all, the most successful companies in the world were started with little or no capital at all.
I think the best approach that financiers could adopt especially for the entrepreneurs in technical fields is to offer apprenticeship, incubation or something like that. And since I hit the road with this in mind, I could only have wished that I had started much earlier. So far, I'm not complaining.
Obunga Ouya
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But someone has to pay that team. The concept of venture capitalism works when the lender is a mentor to the entrepreneur. It takes more than money, but a lack thereof will kill anything and anyone. Let us please consider the lives of many of those who want to be business leaders and never gain the financial legs they need. Crystal On Thu, Sep 10, 2009 at 4:57 PM, Joseph McDonald <mcdonaldoj@gmail.com>wrote:
The biggest assest a venture capitalist brings on the table is setting up the best team possible to make the business work.
Sometimes money is not everything.
On Thu, Sep 10, 2009 at 1:54 AM, Ogure Obunga <write2ogush@gmail.com>wrote:
I once went out looking for funding to set up my own biz. Apart from being frustrated, it cost me lots of efforts and time. It is then that it occurred to me that what I really needed was not much money. After all, the most successful companies in the world were started with little or no capital at all.
I think the best approach that financiers could adopt especially for the entrepreneurs in technical fields is to offer apprenticeship, incubation or something like that. And since I hit the road with this in mind, I could only have wished that I had started much earlier. So far, I'm not complaining.
Obunga Ouya
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-- Crystal "Naliaka" Watley Kigoni Voices of Africa for Sustainable Development crystal@voicesofafrica.org http://www.voicesofafrica.org/ "You must be the change you wish to see" - Gandhi
Very true,there are many companies coming out of the woodworks every day,pretending that they can help small businesses,grow and prosper,and most of these people have worked all their lives,so how can they be venture capitalist if they have never started any business of their own??? You really need someone with hands on experience and the money.He will guide the new team as well as finance it. Plus a good venture capitalist should be there and be prepared for the long haul. By the way how do you for example value and online company e.g like twitter? anyone with an idea??...suppose today you start an online company which has not yet received advertising revenue ,but it has great potential how would you value it e.g to get new shareholders on board? On Fri, Sep 11, 2009 at 8:44 AM, Crystal Watley Kigoni < crystal@voicesofafrica.org> wrote:
But someone has to pay that team. The concept of venture capitalism works when the lender is a mentor to the entrepreneur. It takes more than money, but a lack thereof will kill anything and anyone. Let us please consider the lives of many of those who want to be business leaders and never gain the financial legs they need.
Crystal
On Thu, Sep 10, 2009 at 4:57 PM, Joseph McDonald <mcdonaldoj@gmail.com>wrote:
The biggest assest a venture capitalist brings on the table is setting up the best team possible to make the business work.
Sometimes money is not everything.
On Thu, Sep 10, 2009 at 1:54 AM, Ogure Obunga <write2ogush@gmail.com>wrote:
I once went out looking for funding to set up my own biz. Apart from being frustrated, it cost me lots of efforts and time. It is then that it occurred to me that what I really needed was not much money. After all, the most successful companies in the world were started with little or no capital at all.
I think the best approach that financiers could adopt especially for the entrepreneurs in technical fields is to offer apprenticeship, incubation or something like that. And since I hit the road with this in mind, I could only have wished that I had started much earlier. So far, I'm not complaining.
Obunga Ouya
_______________________________________________ Skunkworks mailing list Skunkworks@lists.my.co.ke http://lists.my.co.ke/cgi-bin/mailman/listinfo/skunkworks Other services @ http://my.co.ke Other lists ------------- Announce: http://lists.my.co.ke/cgi-bin/mailman/listinfo/skunkworks-announce Science: http://lists.my.co.ke/cgi-bin/mailman/listinfo/science kazi: http://lists.my.co.ke/cgi-bin/mailman/admin/kazi/general
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-- Crystal "Naliaka" Watley Kigoni Voices of Africa for Sustainable Development crystal@voicesofafrica.org http://www.voicesofafrica.org/
"You must be the change you wish to see" - Gandhi
_______________________________________________ Skunkworks mailing list Skunkworks@lists.my.co.ke http://lists.my.co.ke/cgi-bin/mailman/listinfo/skunkworks Other services @ http://my.co.ke Other lists ------------- Announce: http://lists.my.co.ke/cgi-bin/mailman/listinfo/skunkworks-announce Science: http://lists.my.co.ke/cgi-bin/mailman/listinfo/science kazi: http://lists.my.co.ke/cgi-bin/mailman/admin/kazi/general
On Tue, Sep 15, 2009 at 12:33 PM, Joseph McDonald <mcdonaldoj@gmail.com> wrote:
By the way how do you for example value and online company e.g like twitter?
in the absence of brick, mortar , fixed assets .... 'knowledge capital' = how many people are actively on it .
Its that easy? Are there any other dynamics....because I remember friendster came and disappeared almost immidiately and it had many users. On Tue, Sep 15, 2009 at 1:12 PM, <ashok+skunkworks@parliaments.info<ashok%2Bskunkworks@parliaments.info>
wrote:
On Tue, Sep 15, 2009 at 12:33 PM, Joseph McDonald <mcdonaldoj@gmail.com> wrote:
By the way how do you for example value and online company e.g like twitter?
in the absence of brick, mortar , fixed assets .... 'knowledge capital' = how many people are actively on it . _______________________________________________ Skunkworks mailing list Skunkworks@lists.my.co.ke http://lists.my.co.ke/cgi-bin/mailman/listinfo/skunkworks Other services @ http://my.co.ke Other lists ------------- Announce: http://lists.my.co.ke/cgi-bin/mailman/listinfo/skunkworks-announce Science: http://lists.my.co.ke/cgi-bin/mailman/listinfo/science kazi: http://lists.my.co.ke/cgi-bin/mailman/admin/kazi/general
On the same topic, there will be a Skunkworks meeting on the 29th of September addressing this... 4 confirmed speakers so far. Details to follow... On Wed, Sep 16, 2009 at 4:46 PM, Joseph McDonald <mcdonaldoj@gmail.com>wrote:
Its that easy? Are there any other dynamics....because I remember friendster came and disappeared almost immidiately and it had many users.
On Tue, Sep 15, 2009 at 1:12 PM, <ashok+skunkworks@parliaments.info<ashok%2Bskunkworks@parliaments.info>
wrote:
On Tue, Sep 15, 2009 at 12:33 PM, Joseph McDonald <mcdonaldoj@gmail.com> wrote:
By the way how do you for example value and online company e.g like twitter?
in the absence of brick, mortar , fixed assets .... 'knowledge capital' = how many people are actively on it . _______________________________________________ Skunkworks mailing list Skunkworks@lists.my.co.ke http://lists.my.co.ke/cgi-bin/mailman/listinfo/skunkworks Other services @ http://my.co.ke Other lists ------------- Announce: http://lists.my.co.ke/cgi-bin/mailman/listinfo/skunkworks-announce Science: http://lists.my.co.ke/cgi-bin/mailman/listinfo/science kazi: http://lists.my.co.ke/cgi-bin/mailman/admin/kazi/general
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-- With Regards, Phares Kariuki | T: +254 734 810 802 | E: pkariuki@gmail.com | Twitter: kaboro | Skype: kariukiphares |
participants (5)
-
ashok+skunkworks＠parliaments.info -
Crystal Watley Kigoni -
Joseph McDonald -
Ogure Obunga -
Phares Kariuki