mobimach.wallet 🐸(🏅,🏅)

12 months ago

"Success is not a virtue, and failure is not a vice. It is just another data point on a collective journey of discovery."

12 months ago

There are learning startup ecosystems (Israel, and to a large extent, Silicon Valley), and there are talking ecosystems, where people like to hear the sound of their voices more than doing the actual work. I fear that many in Africa talk more than they learn. This limits depth. Ecosystem growth and depth mean that there will always be a better Flutterwave than Flutterwave, and maybe Flutterwave will keep trying to remain that Flutterwave—a better Paystack than Paystack, a better Chowdeck than Chowdeck. These startups are constantly striving to create better versions of themselves. There will be niches and gaps where they do not fully meet the needs of current and future customers, and these can present new growth opportunities for others to capitalize on. These will now become new learning opportunities. We should particularly take note of those that seem to have failed, as they are excellent learning opportunities on what NOT to do. Success is not a virtue, and failure is not a vice. It is just another data point on a collective journey of discovery. An ecosystem matures not just when a few companies are at scale, but when many others can easily build upon that scale. That is why more platforms are created in mature markets.

asemota's tweet photo. There are learning startup ecosystems (Israel, and to a large extent, Silicon Valley), and there are talking ecosystems, where people like to hear the sound of their voices more than doing the actual work. I fear that many in Africa talk more than they learn. This limits depth.

Ecosystem growth and depth mean that there will always be a better Flutterwave than Flutterwave, and maybe Flutterwave will keep trying to remain that Flutterwave—a better Paystack than Paystack, a better Chowdeck than Chowdeck. These startups are constantly striving to create better versions of themselves.

There will be niches and gaps where they do not fully meet the needs of current and future customers, and these can present new growth opportunities for others to capitalize on. These will now become new learning opportunities.

We should particularly take note of those that seem to have failed, as they are excellent learning opportunities on what NOT to do. Success is not a virtue, and failure is not a vice. It is just another data point on a collective journey of discovery.

An ecosystem matures not just when a few companies are at scale, but when many others can easily build upon that scale. That is why more platforms are created in mature markets.

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4 days ago

@sadongo12 @lordcudjoe Is it also required to vote?

5 days ago

@coybarker AAAAAMMMMMEEEEEEEEENNNN. God bless you.

Taking measured risk | High Stakes Poker Player

7 days ago

@asemota https://t.co/rpmJVRrgDA

Who to follow

Crypto Max

@ScruFFuR

Greg Wendt

@GregWendt

Website: Blog: This 'N' That by Greg Wendt http://t.co/BP5yPB4h7F Facebook: http://t.co/c2dXEp7JM3

Vanessa

@championsdudigi

MobiMACH retweeted

8 days ago

I have been part of major bank acquisitions before and have seen other business consolidations happen, thanks to my family. I have been fascinated with M&As for a long time. My MBA thesis was on Nigerian M&A activity in the 90s. As a small business owner, I have had merger and acquisition offers for the business we started in the 90s, but neither panned out. One was a genuine offer to merge from someone with an INSEAD MBA who would later raise $200m to buy others like us. The other was from a large corporation that later decided it was cheaper to hire our engineering team from under us. Both experiences taught me different business lessons about exits. They are not common in Africa because founders are never mentally prepared for them, so they often make mistakes. Many don't survive the mistakes. An exit has two parts: preparation and execution. The preparation part is largely a mental exercise before processes kick in. I started a business with my friend, and my entire existence was defined by it; an offer out of the blue to merge took me by surprise. The offer came because we had done some things right. The paralysis happened because I was not prepared at all for this option. This is why I always ask new founders today what they see as the endgame. Every business should have an exit strategy because founders don't live forever. My co-founder Salil died in February. I almost died in June. While mortality is a good reason to consider exits, most small business owners often dream of continuity within the family, but the chances of that happening are slim to none. I still remember the bales of clothes and drinks my late paternal grandmother left behind after her death and how none of the children became traders. The world changed, and priorities became different. Africans notoriously do poor estate planning and are even worse at ensuring business continuity. The result of these is viable but stranded assets everywhere. I have a more recent family experience with my late mother-in-law's hospital. It is an asset performing well below its potential that could have benefited from an exit. You can sell a business and not the property it sits on. You can still rent your property to the business. There are many angles to handle execution from, as exits take so many forms. The most important thing is the willingness to sell and the willingness to buy. We are taking the step to normalize both sides of this with https://t.co/deudTQSxeQ. By the way, this will not only be about small businesses, but it will also be about ALL types of exits, partial or full. Nothing too small and nothing too big. I never knew how deep and extensive this could be until I started the process, and it almost consumed me with sleepless nights of research, resulting in poor health. Something I found out in 2017, thanks to Google Launchpad, sowed this seed. Matt Mossman of College Heights, now of Pelion, mentioned that 98% of all exits in Silicon Valley are acquisitions. IPOs are the exception and not the rule. More American millionaires are created from acquisitions than IPOs. This can also happen in Africa. This will be a marathon and not a sprint. Let's get it on!

asemota's tweet photo. I have been part of major bank acquisitions before and have seen other business consolidations happen, thanks to my family. I have been fascinated with M&As for a long time. My MBA thesis was on Nigerian M&A activity in the 90s.

As a small business owner, I have had merger and acquisition offers for the business we started in the 90s, but neither panned out. One was a genuine offer to merge from someone with an INSEAD MBA who would later raise $200m to buy others like us. The other was from a large corporation that later decided it was cheaper to hire our engineering team from under us.

Both experiences taught me different business lessons about exits. They are not common in Africa because founders are never mentally prepared for them, so they often make mistakes. Many don't survive the mistakes.

An exit has two parts: preparation and execution. The preparation part is largely a mental exercise before processes kick in. I started a business with my friend, and my entire existence was defined by it; an offer out of the blue to merge took me by surprise.

The offer came because we had done some things right. The paralysis happened because I was not prepared at all for this option. This is why I always ask new founders today what they see as the endgame. Every business should have an exit strategy because founders don't live forever. My co-founder Salil died in February. I almost died in June.

While mortality is a good reason to consider exits, most small business owners often dream of continuity within the family, but the chances of that happening are slim to none. I still remember the bales of clothes and drinks my late paternal grandmother left behind after her death and how none of the children became traders. The world changed, and priorities became different.

Africans notoriously do poor estate planning and are even worse at ensuring business continuity. The result of these is viable but stranded assets everywhere. I have a more recent family experience with my late mother-in-law's hospital. It is an asset performing well below its potential that could have benefited from an exit. You can sell a business and not the property it sits on. You can still rent your property to the business.

There are many angles to handle execution from, as exits take so many forms. The most important thing is the willingness to sell and the willingness to buy. We are taking the step to normalize both sides of this with https://t.co/deudTQSxeQ.

By the way, this will not only be about small businesses, but it will also be about ALL types of exits, partial or full. Nothing too small and nothing too big. I never knew how deep and extensive this could be until I started the process, and it almost consumed me with sleepless nights of research, resulting in poor health.

Something I found out in 2017, thanks to Google Launchpad, sowed this seed. Matt Mossman of College Heights, now of Pelion, mentioned that 98% of all exits in Silicon Valley are acquisitions. IPOs are the exception and not the rule. More American millionaires are created from acquisitions than IPOs. This can also happen in Africa.

This will be a marathon and not a sprint. Let's get it on!

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7 days ago

@asemota Bam!

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MobiMACH retweeted

8 days ago

I normally leave my Mac Mini on and use it whenever I feel like it. Something strange happened this morning. At about 3 am, I heard a noise from my external speakers that was like someone clicking something. I quietly shut the machine down and will no longer be leaving it on. AI may have created more security problems that we are not even aware of yet. I use Starlink with Eero routers, by the way. Changing that whole configuration today and putting in new safeguards. I have not slept properly since I heard that sound.

asemota's tweet photo. I normally leave my Mac Mini on and use it whenever I feel like it. Something strange happened this morning. At about 3 am, I heard a noise from my external speakers that was like someone clicking something. I quietly shut the machine down and will no longer be leaving it on.

AI may have created more security problems that we are not even aware of yet. I use Starlink with Eero routers, by the way. Changing that whole configuration today and putting in new safeguards. I have not slept properly since I heard that sound.

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MobiMACH retweeted

9 days ago

OK, I am launching what I have been working on that almost killed me. It is called https://t.co/VZUfbkIVnY. People can sell businesses there, and others can also find bargains. This is a perfect exit scenario. You don't have to close up a business when you can sell it.

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MobiMACH retweeted

Sxnti

@PeakSxnti

9 days ago

Whenever there seems to be no way, God somehow showed up for me every single time.. Thank you God ❤️

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8 days ago

@asemota @Pointsafrica Wow

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8 days ago

@Marvellous23498 @jayhemz Explain quantum entanglement. Then connect it to the dual energy-particle nature of light. You will then realize that we already know all we need to know about the nature of reality.

9 days ago

@E46_Only1CHAPO @asemota How do they make money?

9 days ago

@theiftakhar @elonmusk Yeah.....like "Only begotten of the Father"

Agabus is HER |Ops VA @FineAgabus

10 days ago

@bhenybey @asemota A series on the Gibborim.....now thats something I can get behind. Anime style.

MobiMACH retweeted

14 days ago

Happy birthday to the man who fought another lecturer who wanted sex over my hard work as a student. A lecturer boldly failed me because I refused a visit. He was known for it. I was in 200 level then. I saw the disappointment on my professor's face because this was someone he helped. When the information got to my professor, he took immediate action. On the agreed date for the hearing, I got into the room with my previous results on the table. All I heard was, "It cannot be Blessing. Dr, something is wrong. She wrote all of these in the past. She is diligent. It can't be my daughter. Dismiss this." Although it was too late for the portal to change the verdict online, I am glad my innocence was proven. All my scripts magically reappeared. And the next generation after me has not had to deal with such an element. I saw my script. I did not fail, as written by the man who lacks self-discipline. I have not forgotten how you stood up for me, Sir. You made sure whoever did this paid heavily for it. It is 5 years after graduation but everything is still new in my heart. Professor Modo gave me access to his library. He encouraged me to be steadfast. He has not forgotten me. He spoke to me early this year and told me to further my studies since I am well now. Throughout the time I was sick, he was always talking to me. He would say, "When you are ready, go to this institution and tell XYZ that you are from me." Thank you, my amiable Professor Innocent Modo. You stood up for so many. You shielded many with school fees and feeding money. I witnessed it as a student then. May God keep shielding you, Sir.

FineAgabus's tweet photo. Happy birthday to the man who fought another lecturer who wanted sex over my hard work as a student. A lecturer boldly failed me because I refused a visit. He was known for it. I was in 200 level then. I saw the disappointment on my professor's face because this was someone he helped.

When the information got to my professor, he took immediate action.

On the agreed date for the hearing, I got into the room with my previous results on the table. All I heard was, "It cannot be Blessing. Dr, something is wrong. She wrote all of these in the past. She is diligent. It can't be my daughter. Dismiss this."

Although it was too late for the portal to change the verdict online, I am glad my innocence was proven. All my scripts magically reappeared. And the next generation after me has not had to deal with such an element. I saw my script. I did not fail, as written by the man who lacks self-discipline.

I have not forgotten how you stood up for me, Sir. You made sure whoever did this paid heavily for it. It is 5 years after graduation but everything is still new in my heart.

Professor Modo gave me access to his library. He encouraged me to be steadfast. He has not forgotten me. He spoke to me early this year and told me to further my studies since I am well now.

Throughout the time I was sick, he was always talking to me. He would say, "When you are ready, go to this institution and tell XYZ that you are from me."

Thank you, my amiable Professor Innocent Modo. You stood up for so many. You shielded many with school fees and feeding money. I witnessed it as a student then. May God keep shielding you, Sir.

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14 days ago

@dolawanle Amen 🙏

MobiMACH retweeted

Leandro Trossard

@LTrossard

19 days ago

To all the Arsenal fans, thank you for everything, from the bottom of my heart. Once a Gunner, always a Gunner. Leo

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MobiMACH retweeted

Dag Heward-Mills

@EvangelistDag

20 days ago

Fear often attacks the most beautiful and blessed people.

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26 days ago

@asemota God is good 🙏

MobiMACH retweeted