AEGAN🐉

Engineer⚙️
Finance 🔄

[AEGAN🐉 @JefeEgan]

Created this SHORT RENDER AD OF @feliciathegoat @lefleur fragrance.

RENDERED IN @blender.official cycles

#blender3d #cgi #blendercommunity #blenderrender #tylerthecreator #lefleursaccessorize🌸 #blendercycles #blender3dmodelling #ad #blenderartist #blender

[-valar morghulis- @eldivine]

Everyone is complaining about how to raise money. Please, if you want to raise money as a Nigerian business and you have between N100m and N1B in revenue, you're profitable, and have at least 3 years of financial records please send an email to [email protected]

We would like to speak to you.

In your email include the name of your company, the location and what it does.

We have many people in Nigeria and diaspora willing to give you money.

Don't say we never did anything for you.

(Please retweet for reach. Thank you).

[AEGAN🐉 @JefeEgan]

@DamilohunA [email protected]

[AEGAN🐉 @JefeEgan]

@ngwata_ Insane😹

[AEGAN🐉 @JefeEgan]

@Horluray @Rufyb The Intiates PLC?

[AEGAN🐉 @JefeEgan]

@nelsonkomwai @benawoks CFI FMVA

[Mr. Possible @Mrpossidez]

Unrelated but this reminds me of a conversation I had with some students at Columbia University some weeks ago about markets and corporations, I asked a seemingly simple question: what would be the most efficient way to get rid of billionaires in a single day?

[Mr. Possible @Mrpossidez]

——grateful.

[Teacher Cee @Sinteeaah]

What People Actually Do in Big 4 Advisory (Beyond Audit and Tax)

When most people hear “Big 4,” they usually think of audit or tax.

But there is another side to these firms called advisory, and it is much bigger and more diverse than most people realise.

Based on what I have seen, experienced, and interacted with over time, here is a simple breakdown of what some of the main advisory units do. It is also worth noting that organisational structures differ across firms, which can influence career paths and the types of skills you develop.

• Corporate Finance – People who help companies buy or sell other companies. They work on transactions, negotiations, structuring, and due diligence.
• Economic Advisory – People who help with Feasibility studies, business plan, e.t.c. They basically help you assess the viability of a project.
• Forensics – Investigating fraud or financial irregularities.
• Infrastructure and Capital Projects Advisory – Helping governments and large organisations plan major infrastructure projects such as roads, hospitals, airports, and power plants.
• Strategy and Business Transformation – Helping businesses improve how they operate, fix broken systems, and drive efficiency.
• Risk and Compliance Advisory – Helping companies avoid problems before they happen, covering internal controls, governance, and regulatory requirements.
• Technology and Digital Transformation Advisory – Helping companies move from manual processes to digital systems, including automation, analytics, and system implementation.

And the truth is, there are many more units beyond these. Advisory in the Big 4 is made up of several specialised teams, and the work often overlaps. It’s important to note that some of these units are may be combined in some firm or separated in others.

My Turf: Valuation and Financial Modelling

Out of all these areas, I will start with my area of expertise: valuation and financial modelling. This is what I currently do, although I have had exposure to other parts of advisory over time.

At its simplest, valuation answers one key question:

What is this business or asset really worth?

We do this work because big decisions depend on it.
• Investors want to know what they are paying for
• Founders want to understand what their business is worth
• Companies need to ensure their financial statements reflect reality
• Boards need numbers they can trust before approving major moves

Some of the Valuation Work We Do
• Unquoted equity valuation – For private companies that are not listed on the stock exchange
• Business valuation – For entire companies or business units
• Impairment testing – Checking whether assets are still worth what is on the books
• Goodwill impairment – Reviewing premiums paid after acquisitions
• Purchase price allocation (PPA) – Breaking down the cost of an acquisition across tangible and intangible assets

This work is used for transactions, reporting, fundraising, restructuring, and strategic decisions.

Financial Modelling: Simulating the Future

Financial models help turn assumptions into structured scenarios, showing what could happen under different circumstances.

If valuation is a snapshot of the present, financial modelling is the simulation of the future.

A model is not just a spreadsheet. It is a decision-making tool that represents the operational and financial reality of a business.

Why models matter:
• Fundraising – Investors do not invest in stories. They invest in numbers. Models show how capital will be used and how returns are generated
• Feasibility studies – Before launching a new product, entering a market, or building infrastructure, clients can stress test ideas digitally
• Bankability – Lenders need assurance that cash flows are enough to service debt.

Next time , we will take a closer look at the Corporate Finance unit, the dealmakers who manage M&A from origination to closing.

P.s- Feel free to ask your questions.

[AEGAN🐉 @JefeEgan]

@zoryamalkia @yaraaduaaa !!!

[AEGAN🐉 @JefeEgan]

@redNoTeez @jeffwellz @iamgeezy007 🤣🤣🤣

[AEGAN🐉 @JefeEgan]

@Ssaasquatch Dana white about to eat good. This Got to be the biggest UFC fight ever if it happens.

[AEGAN🐉 @JefeEgan]

@bigbrutha_ Hyperliquid

[JW. @boybajii]

https://t.co/Jf62XVetQ4

[Toby @TomolaGroup]

If you’re serious about investing, learn to read financial statements.
That’s where every real investor finds the truth.

Let’s break it down in the simplest way possible:

1. Income Statement
This shows how much a company makes, spends, and keeps.
- Revenue is what comes in.
- Expenses are what goes out.
- Net profit is what’s left. the real scorecard of performance.

2. Balance Sheet
Think of this as the company’s financial position at a single point in time.
- Assets are what it owns.
- Liabilities are what it owes.
- Equity is what’s truly yours as a shareholder after debts are cleared.

3. Cash Flow Statement
This tells you how money actually moves.
A company can post profits but still struggle if cash isn’t flowing.
• Operating cash flow: from business activities
• Investing cash flow: from buying or selling assets
• Financing cash flow: from loans, dividends, or new capital

Now, the key metrics that separate good companies from great ones:
• P/E Ratio: How much investors are paying for every dollar earned.
• Profit Margin: How efficiently the company turns sales into profit.
• Debt-to-Equity: How much leverage the company is using.
• ROE (Return on Equity): How well management turns investment into results.

In simple terms:
- The Income Statement shows performance.
- The Balance Sheet shows strength.
- The Cash Flow Statement shows sustainability.

Master these three, and you’ll stop guessing which companies to invest in, you’ll start knowing.

[Imade. @ImadeIyamu]

To get to $1M: High income + high investing & savings rate + several years + no catastrophic mistakes

To get to $10M+ : Build considerable equity in something valuable whether you’re an employee or not:
- becoming a partner/shareholder at a professional services firm

- getting carried interest (if you work at an investment firm)

- getting stock options as an early employee of a private startup that makes it big

- becoming an executive with significant stock comp at a public company

[AEGAN🐉 @JefeEgan]

Damn

[Unipcs (aka 'Bonk Guy') 🎒 @theunipcs]

'the LORD gave, and the LORD hath taken away; blessed be the name of the LORD' — Job 1:21

yesterday's liquidation event is the most brutal i've witnessed in my time in crypto

i got wiped out on ALL my perps positions

literally everything

eight figures: $30 million+ at peak uPnL if realized, or well above $15 million just before the liquidation started

100% of the following perps position got wiped:

- $BONK
- $FARTCOIN
- $POPCAT
- $PNUT
- $CAT
- $APEX
- etc

i lost maybe 80% of my $ASTER position that i used as a collateral on a DeFi lending protocol

i took out the remaining (~$1 million), fully liquidated it and rotated it into $BONK and $4 because i think i get better R/R from both from here on out:

- BONK because i refuse to be a 'bonk guy' without BONK exposure, and i remain convinced in my deca-billion-dollar target for it. i will continue to add more over time, God willing
- $4 because i remain strongly convinced that BNB season continues until the end of this quarter and i think $4 is the most asymmetrical bet to capitalize on that

thankfully the overwhelming majority of my $USELESS coin position is held in spot, so i didn't record significant loss on that — maybe with the exception of mid six figures worth of uPnL i had in perps accounts

i am still resolutely convinced that $USELESS is THE memecoin to watch for outperformance from here on out, that it is a multi-billion-dollar narrative currently trading for pennies on the dollar, and that it will end the cycle being a top 5 memecoin at the barest minimum i.e. certainly has a lot more than 10x upside from here. so i’m glad contagion there was contained for me!

what happened yesterday?

everyone blames the recent Trump-China tariffs, but this isn't the first time we've had that this year

and the Trump tariff comments certainly shouldn't have been responsible for such a massive nukage across almost the entirety of altcoins and memecoins in the space

a lot of altcoins crashed 70 to 99% in minutes, when $BTC and $ETH barely crashed 13%

$ATOM, for example, crashed from $4 to $0.001 on top exchanges like Binance — a 99.9% crash in minutes. no one could have humanly responded to that!

it is also worth noting that this massive altcoin/memecoin crash was EXCLUSIVELY on CEXs. these altcoins did not come close to hitting these levels on spot DEXs, so yesterday's liquidation was almost certainly due to MM/CEX liquidity issues

why it was unprecedented (market mechanics)

many people reported being massively affected, especially since exchange systems broke across the board: stop losses failed, orders didn’t fill, margin couldn’t be added, and platforms became unusable within minutes. the entire liquidation cascade happened so fast that almost no one had time to react, something i don’t think we’ve ever seen at this scale before

i was in front of my screen, took a short break, came back to the screen to see the nasty wick about 10 minutes later, then realized i've been liquidated on EVERYTHING i had in perps

it is the craziest crypto event i have witnessed, ever!

it was worse than COVID, which was a black swan event

you could say whatever you want about this event: you can call it manipulation, unnatural, or whatever else

you would be right tbh

however, whether or not manipulation played a role doesn’t change what i have to do next: as a trader, i am only ultimately concerned about things i can actually control

of course it's easier to point out how it all wasn't my fault and how someone else was responsible, but how does that help me grow as a trader? i win if i make money trading, i lose if i lose money trading. end of!

i'm sure we will be hearing more about exactly what happened yesterday night, which will hopefully help give some people closure

i wish i didn't have to write about this:

this will likely be one of the most viral tweets coming out of this event

many have waited for this moment: 'he is so greedy!'

and there will be an army of people mocking me with 'I TOLD YOU SOs'

but write i must, for a few reasons:

1. a key part of the 'bonk guy' persona and identity i have built is one of utmost transparency around my trades, so others can learn

2. while i lost a fortune in the liquidity wipe event, i have a very diversified basket of alts across perps and spot. i'll be fine; my spot assets are safe. but i think there are people who lost literally everything they have right now that might be having very bad and nasty thoughts, and them seeing a voice like mine at this time just might give them hope

i want to be very clear:

1. i do not need your empathy. i appreciate that some would have the thought, but i do not need people messaging me to empathize with me over this

2. i do not need donations or financial support. it was a massive loss, but i'm okay

i also want to emphasize that i'm in a very good mental state right now, as difficult as that might be for many to believe

i've always been very detached from money and material things, and that makes it easy to cope with situations like this

at the end of the day, my $BONK trade was a trade in which i went from $16k to a peak 8-figure PNL

contrary to what seems to be the most common belief here, it isn't my most impressive trade. if i made it before, i can make it once again!

could i have foreseen exchange systems crashing and nuking the most liquid altcoins and memecoins in the market 70 - 90% in mere minutes before anyone could react? no!

could i have maybe done a few things differently leading up to this event? maybe

however, i am a big believer in focusing on what *could* happen and taking action to get there instead of focusing on what *has* happened

the past is the past, and what has happened has happened

there are a lot of changes i’ll be making to my systems as a result of this: less dependence on leverage, sharper risk management, and a stronger focus on protecting my positions from exchange-side risks going forward

all that matters is what happens from here on out...

i remain very optimistic about the market

i do not believe the bull run is over, nor do i think the Q4 rally is out of the picture

so what do i do from here?

lock in more than ever before, be buried deeper in the trenches, and most importantly have fun while i do it!

if there is one thing i have learned after being in this industry for multiple cycles, it is that there is always new opportunities: every day, every week, every month

i have always been one to love a challenge, and i guess this is another one for me and an opportunity to once again prove myself — not to internet strangers, but to myself

this event has not dampened my spirit, not in the slightest. if anything, it has strengthened my resolve to get back in the ring, fight, and win bigger

i will make it all back, and more!

for those who are in a similar situation, who either lost a fortune or lost it all, i have some words for you:

PERSIST

SURVIVE

DON'T GIVE UP

if you need to take a break, please do

if you're struggling to hold it in, please seek help

above all, pay special attention to yourself and focus on your health

i know it will take a while for the gravity of what happened to hit many, but a philosophy that has always helped me to survive massive drawdowns is internalizing all of these crypto gains as just numbers on the screen — until it is realized at least!

i know they can have very real consequences in the real world if/when cashed out, but right now i think internalizing it as just numbers on the screen would make dealing with the loss more bearable

you made it before, so yes YOU can make it again

the most profitable period of the cycle is still well ahead of us

we are all going to make it

and you are going to have me along on this journey with you, if that matters to you!

if there’s one thing this taught me, it’s that no matter how prepared you think you are, you’re never fully protected from systemic shocks — but you can always control your response. i’ll be rebuilding my framework with that truth in mind!

i am once again an underdog, and this is not the end of my story

GOD WILLING

[AEGAN🐉 @JefeEgan]

@bigbrutha_ 🤣 🤣 🤣

[Tunde Ademuyiwa @tundespeaks]

Pattern matching is the most important skill for early stage investments. Mr Eazi further proves this.

To everyone that is looking to do angel investments, one of the most important questions you should ask is: who are the founders? That’s the most important due diligence you can do in early stage. Ask more about their stories, listen attentively.

Forget the school they went to. Forget the pitch deck. Forget the idea. Forget the business model.
None of that is a reliable determinant this early. Great founders will pivot till they find what works.

It’s ALWAYS going to be about the founders. What have they done before now? It might be as simple as selling lemonades as a child. Have they shown resilience? Have they tried different ideas? Is there a behavioral pattern? Ask them about their failures.

Character leaves smoke trails you can trace if you pay attention.

That’s what you should bet on. It’s the most important heuristic.

You might still do this and lose your money, but you will at least be very sure they gave it their best.

[AEGAN🐉 @JefeEgan]

@iyekefejiymg This is where @getequity platform comes into play, it caters to retail giving access to CP investment with minimum of 100k Naira. @bigbrutha_

[AEGAN🐉 @JefeEgan]

Solid Writeup

[Mayowa @Mayoveli]

When you look closely at a company like Tesla, you realize its most valuable product isn’t the car, it’s Tesla stock. Stocks make up the largest share of the company’s wealth, outweighing its actual productive capacity by a ratio of nearly 10 to 1.

The company’s valuation often shifts by tens of billions based on Elon Musk’s tweets, while a disruption in actual production might barely register. This captures a deeper truth about the American market and how it thrives less on tangible goods and more on perception, narrative, and speculative faith.

Uber, Meta, and the ill-fated WeWork all reveal the same pattern, companies functioning as equity mines, minting wealth on paper long before proving resilience in the real economy.

China’s approach could not be more different. Its capital markets are tightly controlled, not out of virtue but out of recognition that unchecked speculation can become a political crisis. IPOs, fintech bubbles, or runaway stock frenzies are quickly reined in. The state insists, sometimes bluntly, that finance must remain tethered to production. The contrast with the United States highlights two philosophies: one market built on confidence and future promises, another wary of financial excess overwhelming material stability.

When I once argued that Nigeria’s own market is drifting into speculation at the expense of production, I was dismissed by those who think they are more versed in finance. But the reality is this, unlike America, Nigeria has no reserve currency and no global savings to lean on. If our economy becomes a playground for equity games, FX speculation, and paper profits, without factories, infrastructure, or industrial depth, we are setting ourselves up for fragility.

I may not be a Wall Street analyst, but one thing I am is stubborn with facts. And the facts tell me this; no nation can sustain prosperity by building an economy of shadows. Real wealth must be grounded in production, not just valuations. Anything less is a sandcastle against the tide.