Adam Versprille

Building @money254HQ and (mostly) re-tweeting the great thoughts of others.

[Mwango Capital @MwangoCapital]

Experts ni wengi, muda ni mchache:

[Money254.co.ke @money254HQ]

What should you know before applying for a logbook loan in Kenya? You can read our overview in @BD_Africa today.
In collaboration with #BDAfrica, we'll be sharing tips and delving into common money questions and concerns. Keep it #Money254 for more!
https://t.co/Y5ajdth8JH

[Aleksandr Volodarsky @volodarik]

Amazon has built a $1 Trillion empire with this one hack:

Turning cost centers into profit centers.

But they are not alone.

Here are 8 companies that have converted their expenses into revenue:

[Mwango Capital @MwangoCapital]

“How did you go bankrupt?” Bill asked.
“Two ways,” Mike said. “Gradually, then suddenly.”

~ The Sun Also Rises by Ernst Hemingway~

$SIVB

[Steph Mui @stephmui]

Don’t understand the OpenAI hype at ALL. ChatGPT is basically a direct ripoff of SmarterChild, which was invented in 2001. Why is no one talking about this??

[Shreyas Doshi @shreyas]

One huge mistake that many managers make is to tell a senior member of their team:

“<XYZ> is entirely your decision. I am here to serve you. I will defer to whatever your decision is here.”

This happens at all levels e.g. a Founder/CEO delegating “product strategy” to the CPO.

[Adam Versprille @adamversprille]

@startingfromnix @shreyas “People will impose their limiting beliefs onto your world because it’s what governs theirs.”

This is wonderfully written - thank you for sharing it

[Nix 🕊 @startingfromnix]

When someone is quietly confident, when they have a concise sense of their own identity — they don’t need to speak loudly about their successes or wealth or intensity. I know who I am. I know what I need. I know what I want. That internal tranquility is so rare. It's magnetic.

[Shreyas Doshi @shreyas]

We waste years by not wanting to waste hours.

— Amos Tversky

This in my opinion is the most important quote that PMs at all levels should internalize.

[Money254.co.ke @money254HQ]

@ngkinuthia we’ve been wondering so too as reporting has been a little ambiguous. What we know - as reported by Nation this morning, Cabinet confirmed a daily interest of “0.002%“, which would indicate 8% p.a. is correct.

Note: Decimal error, 8% / 365 is actually 0.02% per day.

[Money254.co.ke @money254HQ]

FOLLOW UP TWEET!

Want to play fund manager and see what terms you’d need to set the Hustler Fund product to, to keep it afloat? Or just check our math on the scenarios?

Link here:>>
https://t.co/eVgKgzTNwg

[Adam Versprille @adamversprille]

Interesting thoughts this morning on Kenya’s Hustler Fund and the challenges of short term lending as a model.

Looking forward to seeing how this plays out.

#HustlerFund

[Money254.co.ke @money254HQ]

HUSTLER FUND FOOD FOR THOUGHT:
If all 50bn went to the 14-day loan at 8% p.a, the Fund would need to achieve a 99.7% repayment rate on each 14-day cycle to stay afloat.

If it only achieves 75% repayment rate, 90% of its money would be lost within 4 months.

Let’s dive in 🧵
1/

[Money254.co.ke @money254HQ]

HUSTLER FUND FOOD FOR THOUGHT:
If all 50bn went to the 14-day loan at 8% p.a, the Fund would need to achieve a 99.7% repayment rate on each 14-day cycle to stay afloat.

If it only achieves 75% repayment rate, 90% of its money would be lost within 4 months.

Let’s dive in 🧵
1/

[Money254.co.ke @money254HQ]

Yesterday, our CEO @Locathain spoke at Kenya’s first debt collection conference on the importance of being transparent in pricing to drive loyalty and on-time collections.
#Money254

1/

https://t.co/wllba73yQu

[Akili @akiliventures]

This comes as no surprise. @Locathain @adamversprille and the @money254HQ team are an obvious winner. We’re proud to have a seat on the train.

[Sherpa Ventures @sherpafund]

So proud of team @money254HQ for coming out tops at @MIT #Fintech! @Locathain + @adamversprille’s vision for a @NerdWallet for Africa is gonna be epic. Thanks for letting us back you!

[Shreyas Doshi @shreyas]

In lieu of a full 2021 recap, here is just one thread of non-obvious ideas that, if internalized, will drastically improve the way most people & teams view & do their work. If you want to use only one of my threads to inform your work in 2022, let it be this one.

Happy New Year!

[Money254.co.ke @money254HQ]

It's Friday again, before you call it a week, here are some of the top money news from the last 7 days.

#THREAD
https://t.co/8f1w9DI5ic

[Money254.co.ke @money254HQ]

BREAKING NEWS: President Uhuru Kenyatta orders the lifting of the nationwide dusk-to-dawn curfew with immediate effect

#MashujaaDay2021

[Shreyas Doshi @shreyas]

People who execute to maximize their output don’t care about strategy.

People who execute to maximize their impact care a lot about strategy.

Therefore, the people who truly care about their execution care a lot about their strategy.