Asking a startup founder on a TV show what WACC is doesn't sit well with me at all.
i understand that investors want to assess a founder's competence, but throwing advanced accounting and corporate finance terms at someone who is simply seeking investment raises serious concerns about what is actually being evaluated.
When we watch Shark Tank, the focus is rarely on whether a founder can define technical terms like WACC, CAPM, or even explain every finance acronym off the top of their head. The discussion is centered on the business itself, its problem, solution, customers, traction, unit economics, scalability, execution, and the founder's vision.
A founder's primary responsibility is to build, execute, recruit great people, understand the customer, and create value. Deep technical accounting or corporate finance expertise can always be brought in through CFOs, finance teams, advisors, auditors, or investment professionals. That's why companies hire specialists.
If the purpose of a pitch show is to identify businesses with potential, then the questions should reveal whether the founder truly understands their market, knows how to acquire customers, can execute their strategy, and has a realistic path to building a sustainable company, not whether they can recite textbook finance definitions under pressure.
The world's best founders aren't necessarily the people with the strongest academic knowledge of finance. They're often the people who can identify a real problem, build a solution that customers love, and assemble a team capable of scaling it.
Investment should ultimately be about backing talents and exceptional execution, not turning a pitch into an olympiad accounting examination.
WACC (Weighted Average Cost of Capital) is the minimum score a business must achieve on every investment it makes.
Imagine you want to start a small clothing business and you need N1,000,000 to get started.
You get the money from two places:
- Your uncle lends you N400,000, but you must pay him 10% interest every year and
- you invest N600,000 of your own savings.
Now ask yourself:
How much should my business earn before this investment is worth it? That's where WACC comes in.
Step 1: Understand the two sources of money
- Debt (borrowed money)
Your uncle expects interest.
If you borrowed N400,000 at 10%:
You owe N40,000 every year and borrowing money has a cost.
- Equity (your own money)
Your own money isn't free either because you could have used that N600,000 elsewhere.
For example:
- Buy treasury bills
- Invest in stocks
- Start another business
Suppose you expect at least 15% return, that means your money also has a cost.
Step 2: Combine both costs
Now calculate the weighted average.
Debt: 40% × 10% = 4%
Equity: 60% × 15% = 9%
Total:4% + 9%= 13%
Your WACC = 13%
What does that mean?
If your business earns: 10%, that is bad.
You didn't even cover the cost of getting the money.
If your business earns: 13%, you just broke even.
If your business earns: 20%, that's excellent.
You are making more than it cost to finance the business.
WACC (Weighted Average Cost of Capital) is the minimum score a business must achieve on every investment it makes.
Imagine you want to start a small clothing business and you need N1,000,000 to get started.
You get the money from two places:
- Your uncle lends you N400,000, but you must pay him 10% interest every year and
- you invest N600,000 of your own savings.
Now ask yourself:
How much should my business earn before this investment is worth it? That's where WACC comes in.
Step 1: Understand the two sources of money
- Debt (borrowed money)
Your uncle expects interest.
If you borrowed N400,000 at 10%:
You owe N40,000 every year and borrowing money has a cost.
- Equity (your own money)
Your own money isn't free either because you could have used that N600,000 elsewhere.
For example:
- Buy treasury bills
- Invest in stocks
- Start another business
Suppose you expect at least 15% return, that means your money also has a cost.
Step 2: Combine both costs
Now calculate the weighted average.
Debt: 40% × 10% = 4%
Equity: 60% × 15% = 9%
Total:4% + 9%= 13%
Your WACC = 13%
What does that mean?
If your business earns: 10%, that is bad.
You didn't even cover the cost of getting the money.
If your business earns: 13%, you just broke even.
If your business earns: 20%, that's excellent.
You are making more than it cost to finance the business.
If you all noticed yesterday, i was not really online. I blacked out during a surgery yesterday. I was lucky that the assistant surgeon was a very capable hand to continue and complete the surgery. I recovered early hours of this morning.
I hadn't had sleep for 6 weeks. In Nigeria, one Doctor does the work of 50 Doctors and this is not an exaggeration. The government knows about this but simply DOESN'T CARE. Life means nothing to them. Only money and power retention is important.
Our colleagues are also a very big part of the problem. Shame on our Medical elders generally. Shame on the government.
Some Messi fans pointed out that the video I uploaded earlier wasn't actually of people waiting for @Cristiano. They said it was Arsenal fans celebrating their league title.
If that's the case, then my apologies.
I hope this is now the correct video of people waiting outside Ronaldo's hotel.
Like I have always said, Messi is an awesome player. No one can take that away from him.
However, I still believe FIFA has favored him on several occasions.
Yesterday's free kick only strengthened that conviction for me.
From what we all watched, no whistle had been blown. Messi spoke with the referee, what looked like a go-ahead was given, and he took the free kick while the goalkeeper was still getting set.
To me, that decision wasn't handled fairly. That, of course, is my opinion from watching the incident.
On the other hand, I also believe Ronaldo enjoys a different level of love from football fans around the world.
The video speaks for itself. 👌🐐
🗣️ 💔 Trossard’s emotional message to Arsenal fans…
🗣️ “Arsenal will always feel like home to me. From the moment I arrived, this club embraced me, believed in me, and gave me some of the best moments of my career.
If it were entirely up to me, I’d stay here for many more years. Unfortunately, football isn’t always that simple, and sometimes decisions are made that are beyond a player’s control.
No matter what happens in the future, I’ll always be grateful to my teammates, the manager, the staff and especially the Arsenal supporters. You welcomed me as one of your own and I’ll never forget that.
Wherever life takes me next, Arsenal will always hold a special place in my heart.”
❤️🤍🔴⚪️ #Arsenal #AFC #LeandroTrossard #COYG
Your husband is sterile? STFU
Your wife is Barren? STFU
Your wife has PCOS? STFU
Your family is facing demons? STFU
Your husband just lost his job? STFU
You are about to divorce? STFU
BRUH, JUST STFU AND DEAL WITH YOUR ISSIES OFF THE APP ‼️
THESE PEOPLE YOU SEE HERE, ARE ALL ABOUT ENTERTAINMENT OR GOSSIPS. NOTHING MORE.
"Between the years when the oceans drank Atlantis and the rise of the Sons of Arius, there was an age undreamed of, when shiny kingdoms laid spread across the world....
Hither came Conan, the Simerian, sword in hand!
It is I, his chronicler who knows well his saga!
Now, let me tell you of the days of high adventure".
They don't make movies like this anymore. Heaven bless our childhood days. Golden days.
This story is actually insane and nobody is talking about it, and the key witness has apparently died in a hotel fire.
Prince Adeniyi Adeyemi accused Femi Gbajabiamila of collecting ₦400 million from him for a ₦600 million deal for the appointment to become DG of Presidential Foreign Intervention Promotion Council (PFIPC), the Chief of Staff was said to have demanded 48% of the agency’s ₦24 billion take-off grant.
Prince Adeyemi said 48% is too much. There was a little disagreement apparently, and on 11 June 2026, Gbajabiamila, in his capacity as Chief of Staff, issued a public statement saying the PFIPC was not an official government body.
Prince Adeyemi wrote a petition to the police and named the middleman who was the witness to everything that happened.
The middle man, who is the key witness to the transaction died a day after that petition.
Prince Adeyemi wrote for the investigation of the man’s mysterious death, and also claimed there are multiple assasinanation attempts on his life.
He also claimed his phone was particularly stolen in one of the attempts and they are refusing to help him track it.
Gbajabiamila claims the company does not exist and that Prince Adeyemi is telling lies, but the 2026 Appropriation Act currently contains a ₦1.3 billion budget allocation for the PFIPC on page 50 and 51.
So how did a “non-existent”agency receive a budget allocation?
The criminality happening under Tinubu is abysmal.
Why is this not making the news?
You need to see the joy on olodos' faces when a very academically sound person doesn't succeed in life. They relish it. It's almost as if it gives them more reasons to talk down on education and intelligence.
When we were graduating, after I finished as the top student in my class, many of my coursemates were really eager to see how I would turn out. In fact, I would always hear them gossiping: "No be by Best Graduating Student. To make am for life no be by acada. Street na military. We go see."
I'm glad I turned out really well. Even most of those who went to Ghana for "updates" after school and eventually resorted to fraud can't measure up to my accomplishments. Till today, many of them still randomly call me and jokingly ask, "Senior man, you just dey chop dey go. You no wan give men update na!"
Deep down, they genuinely believe I must be secretly involved in fraud. This is the society we live in, where many young people have come to believe that you can't succeed legitimately, and that every young man who is doing well for himself must be involved in fraud. Even many elderly people and police officers aren't exempt from this line of thinking.
I haven't seen a country that is trying so hard to make education unattractive like ours.
"School na scam."
"No be by BSc. You get BTC?"
"Education is the key to success. Oya, use the key start Benz na 😂."
"Lecturer pack 1999 Camry, student don pack Lexus beside am."
If we continue this way, in a few years, there will be nothing left of our educational system. We are so money-centred that we don't even realize education can be an end in itself and not necessarily just a means to an end.
Everything has become, "How much do you have in your account?" or "Use your intelligence buy Benz na."
This is one of the reasons it really hurts me to see highly intelligent and brilliant people end up poor. I'm always rooting for academically sound people to succeed because I genuinely want people, especially young people, to see that you can make it legitimately through hard work and academic excellence.
Any society where only the olodos become financially successful while the brighter minds, the ones who believe in due process, continue to struggle is a society that is bound to fail.
Ironically, this heated "Olodo Uprising" conversation is actually a good sign for Nigeria.
Nigeria is finally having its first endogenous, organically-defined culture war over an issue that is intrinsically important to Nigerian society.
Every other culture war that post-colonial Nigeria has fought until now has been imported Yankee slop, or imported religious slop, or both (LGBTQ, 3rd wave Feminism, "sexual liberation", tithing, NYSC hijab, etc).
A society fighting internal culture wars over its own self-defined issues is a society that is finally obtaining an identity of its own. Long may the war continue, and may the olodos suffer crushing defeat that dooms their uprising to the chapters of a Jude Bela historical documentary released in 2045.
I don’t know why people forget I am still a surgeon, since I got the NDC House of Representative ticket for Surulere 1. People call me Honorable and have removed the surgeon from my name, anyway Saturday I had endoscopic sinus surgery by 7am and by evening I became a politician