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Black American Woman Regrets Moving to Africa It's A Sh*thole
We're excited to announce that Stanford Seed has a new advisory board member: Andreata Muforo. We are thrilled to have Andreata on our team! To celebrate, we're bringing back one of our favorite episodes from Season 1, "Raising Capital in Africa: It's Not Just About the Money", which featured Andreata as a guest. Enjoy! Original Show Notes:Meet Elo Umeh, Managing Director and CEO of Terragon Group, a Nigerian digital marketing and data insights company, and Andreata Muforo and Ido Sum from TLcom Capital, and learn how to make the most of your fundraising efforts to successfully grow your business in Africa.Elo never intended to formally raise money—he initially relied on friends and family to launch Terragon. But as the business grew, so did his vision, and he needed to find an investor that understood the enormous opportunity in a rapidly growing sector. Since 2016, he's led Terragon through two funding rounds: a $5 million series A round and a bridge round of $4 million. Now a leader in Africa's data and marketing technology space, Terragon is currently raising another $16 million for its Series B. Elo shares his fundraising journey, explaining that it's not just about the money, but who provides the capital is also key. He ended up working with Andreata Muforo and Ido Sum from TLcom, a venture capital firm with experience investing in tech-enabled businesses across Sub-Saharan Africa. Their relationship demonstrates how the right investors can help your business grow and actually enhance—not dampen—the quality of your decisions as a CEO.Andreata and Ido of TLcom also share what they look for in a company and provide tips for how you can approach your next fundraising round.Listen to Elo's journey and Andreata and Ido's insights to learn how to maximize the value of your firm's next fundraising round.Resources:Terragon Group: https://terragongroup.com/ TLcom Capital: https://tlcomcapital.com/ Stanford Seed: http://stanfordseed.co/GritSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
On today's Saturday Matinee, we discover the startling truth about Africa: It's a Continent. Link to the It's a Continent podcast: https://www.itsacontinent.com Learn more about your ad choices. Visit megaphone.fm/adchoices
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Dave Lukas, The Misfit Entrepreneur_Breakthrough Entrepreneurship
This week’s Misfit Entrepreneur is Marek Zymslowski (mis lof ski). So, how do I describe Marek? Well, I start of by reading the title of his best-selling book, Chasing Black Unicorns: How Building the Amazon of Africa Put Me on Interpol’s Most Wanted List. Now, if that is not enough to interest you in hearing his story, here’s a little more… Marek is basically Indiana Jones meets Silicon Valley. Marek is one of Poland’s most respected internet entrepreneurs having started numerous internet business in Europe and since that wasn’t enough, he went to Africa and built Africa’s biggest hotel booking portal, Jumia, which is now listed on the NYSE. He is ranked as one of top 10 most important people in Tech in Africa and a lead mentor at Google’s Launchpad and the World Bank’s XL Africa program. And of course, he somehow became one of Interpol’s most wanted. His journey is filled with incredible lessons that we all can use in our lives and businesses. www.ChasingBlackUnicorns.com Marek’s life has a few different parts. First is the Polish part. His mother was teacher and father was a soldier. He started his career in the early 2000’s and became a millionaire – and then lost everything in 2008. He was in the finance space and described it almost like Wolf of Wall Street. He then went into another startup and was able to build things back up and pay off his debt. He was in early stage online businesses in Poland. As Poland got more mature and the online space began to get more saturated, he decided to look for the next frontier that needed developed out – and that is where Africa came in. He moved to Nigeria and began to build new online businesses including the African version of Amazon and Booking.com type businesses. He’s been in Africa 8 years and was able to IPO one of the companies. It has been for the most part positive, except for an extortion attempt to take over his company which got him on the Interpol list. At this point, with everything you’ve been through, what is your most important lesson learned? Do not make decisions too quickly. Building a business that moves fast doesn’t mean you have to make bad, emotional decisions to do so. All of the problems, Marek has gotten into in his life, it was always Marek making bad decisions without taking the time to think them through. At the 12 min mark, Marek talks about the journey to go to Africa and start a business… Marek thrives on chaos. He likes to create markets or bring mature type markets to immature economies. He got in with an e-commerce company that was expanding and he landed in Nigeria – he was the right man at the right time. Marek saw it as a great learning experience. Africa is full of extremes – areas of huge poverty and then huge areas of wealth and opportunity. 85% or people in Africa live day by day, but the middle class is doubling in size every 10 years. Places like Lagos are not beginning to look like Dubai. Africa is extremely diverse in countries, tribes, languages and size. It is an amazing market for business opportunities – but it is high risk, high reward. What should we know about doing business in Africa? It reminds him of Poland in the 90’s. When you come from the western world, you don’t realize how lucky you are and things you take for granted every day, don’t exist. That also brings opportunity. The challenges you have to overcome are different. Thinks like infrastructure and banking are almost non-existent on a large scale. There is lack of electricity and water infrastructure. Marek had to get used to having power for his business about 5 hours a day and had to get his own generators, satellite links for internet and backup things to run the business. The legal system is based on the British system, so it is easier to understand, but the challenge is the rules being followed. There is a lot of corruption. Competition will try to bring you down, not by doing things in the free market, but instead using bribery and corrupt tactics with police and government to stop you. Corruption is part of running a business in an emerging country. You have to understand the tribal culture and local traditions and how they influence the customer. At the 28 min mark, Marek shares the story of how he got on the Interpol most wanted list… Choose partners wisely Fight for what you believe in Don’t give up or give in. What is your process for starting and building a business? You must be excited about something You will be excited about a lot of things, so write them down. Then narrow them down from there to get to the best one. In the conceptual stage, work with many ideas and understand the problems as there will be even more when you go to the execution stage. If you are good at something, you will end up making money at it. Are there any trends people should be watching in business? Online business in sub-Saharan Africa. Renewables, specifically, solar energy. There is a lot of mega trends and solar is one of them. Look outside your own borders. Thoughts on opportunities as the world re-opens from the virus? The virus has not changed the trends as much as it accelerated them. Stay within your sector as there are most likely a ton of opportunities. Your speed in which you adapt is key to succeeding at higher levels. What has surprised you most about entrepreneurship? Marek never expected that he would have to deal with rejection so frequently. And more importantly, learning to overcome that rejection and not let it affect you daily. Best Quote: Building a business that moves fast doesn’t mean you have to make bad, emotional decisions to do so... Marek's Misfit 3: Treat your body as the most important organization you are responsible for. Just like you constantly watch your business and take care of it – you should do the same for your body. Mistakes come from being too emotional and allowing ego to destroy you. Ego is a double-edged sword and you must learn to yield it wisely. At some point, you have to stop listening to people and reading books and start acting on your own. Show Sponsors: Assistagram: www.MisfitEntrepreneur.com/Assistagram 5 Minute Journal: www.MisfitEntrepreneur.com/Journal
Guest : Dr Imthiaz Hoosen | Psychiatrist at Islamic Medical Association of South Africa | It is understandable to feel vulnerable or overwhelmed reading or hearing news about the outbreak. This is a stressful time for everyone and for those who suffer from anxiety and depression - the impact has been magnified.
Do you know Bushmen in the Kalahari Desert, Africa It is said that Bushmen have two types of hungry people. Hungry English is hunger, Little hungry and great hungry. Little hungry people are physically hungry, The great hungry is a person who is hungry for survival. Why do we live, What is the significance of living? People who are always looking for these answers. This kind of person is really hungry, They called the great hungry. This week's mix is inspired by the Chang-dong Lee film "Burning." Enjoy! www.instagram.com/kmusiceveryday www.twitter.com/kmusiceveryday KMEM 141 Tracklist: 1. Miles Davis - Générique 2. oo kiki - Adjusting 3. Hayoon Lee - aftermath 4. Akimbo - Jirisan Breeze 5. Mowg - Dream 6. Yoo Mi Young - Geomungo & Tango 7. Mokyo - Daddy 8. Fisherman - Antibiotics 9. Mowg - Police & Kyungchul 10. Leellamarz, Jaegone - Night Sky 11. Han Hee Jung - Anxiety 12. Woo - Paranoid 13. CIFIKA - My Ego 14. Mowg - Stalk 15. Jin Hi Kim - Sanjo Ecstasy with Ji Aeri, Kang Unil, Park Gun-young, Gerry Hemingway 16. Mowg - Devil's Bossa 17. CIFIKA - In The End 18. Yoo Mi Young - Dream of the Tree 19. Jambinai - Event Horizon 20. Mowg - Burning
Are phobias hereditary? Does hair grow after death? Do we really share 5% of DNA with Neanderthals? Why do some people have such good memories? Why is the sea salty? Could we lock away all the carbon dioxide? And also, how to stop the body absorbing dietary fat.... Africa - Dr Chris Smith joining us on the line. It's always a pleasure to talk to you when I can. Chris good morning,Chris - Hey Africa, it's good to catch up again.Africa - It is indeed. Let's start off with this interesting story out this week about a blocking of the uptake of fat in the intestine which could be a game changer, I... Like this podcast? Please help us by supporting the Naked Scientists
Are phobias hereditary? Does hair grow after death? Do we really share 5% of DNA with Neanderthals? Why do some people have such good memories? Why is the sea salty? Could we lock away all the carbon dioxide? And also, how to stop the body absorbing dietary fat.... Africa - Dr Chris Smith joining us on the line. It's always a pleasure to talk to you when I can. Chris good morning,Chris - Hey Africa, it's good to catch up again.Africa - It is indeed. Let's start off with this interesting story out this week about a blocking of the uptake of fat in the intestine which could be a game changer, I... Like this podcast? Please help us by supporting the Naked Scientists
What's that Tenron? You wanna read a story about zomboes? Well, I mean. I guess we can try. We never quite know what we're getting into, here. Sometimes a story sounds promising and then dissolves into unmitigated garbage: ebola garbage. Anyone wanna go to Africa? It's okay, we'll come back totally fine and inconsequentially glossed over. 21 Day Quarantine P.1(36:46)Sterilize Before Reading(53:58)They Hunger(1:07:42)21 Day Quarantine P.2(1:26:11)21 Day Quarantine P.3(1:51:34)Check out our episodes on Youtube!https://www.youtube.com/channel/UCxoqIN-fkfdlmGEjWujypxwFeaturing wonderful ambient music from our fam in Sweden: CryoChamber, givin' us all the ooky-spooky tunage. Follow: @cryo-chamberThank you!"Are You Afraid of the Dark Theme Song," "Spooky Skeletons REMIX," and "You Reposted in the Wrong Neighborhood" are not my songs. Credit and All rights are reserved by the owners.
Clara Chorley had always wanted to travel to Africa, but due to fear mongering and stories of it being dangerous, it kept pushing her back. However, her deep desire to visit slowly crept up on her, until one day, and after 14 years of procrastination, she couldn’t ignore it anymore and decided to take the leap. Since then, Clara has traveled the world and there’s one thing that she’s consistently noticed throughout every situation: People are inherently good. Don’t let stories of woe and dread hold you back from solo travel and being transformed! Key Takeaways: *What got Clara started on this path of solo travel? *The United States is so huge and Clara has noticed that a lot of Americans don’t leave the country. *In Europe, it’s just easier to go to a neighboring country and be immersed in a completely different culture. *Clara has seen that there’s a lot of fear-mongering when it comes to traveling to ‘dangerous’ places. *How does Clara know when a place is going to be okay? *It’s very important that you go and get current and recent information about a country. Some places used to be dangerous, but have recovered from their turmoil. *Why did Clara visit Africa? It took her 14 years to take the plunge to go. *After reading the book We Wish to Inform You That Tomorrow We Will Be Killed with Our Families, Clara was READY. She didn’t want to wait anymore. She Had To Go! *Through Clara’s work, she speaks with so many people who are in the late 50s who have ‘put it off’ and are miserable for doing so. *You don’t need to make the full jump, you just need to be a little awakened so you can see what you’re missing and push yourself closer and closer to your dreams. *Where has Clara traveled to that has really made an impact on her life? *When you’re dealing with risk, you do need to test yourself so you know what your boundaries are. *We’re designed to feel alive, that’s why we crave it! It’s our birthright. *Remember, people are inherently good. *What kind of work does Clara do and how does she help others? Mentioned in This Episode: Transformviatravel.com Transform via Travel on Facebook @GoSoloLive on Twitter Email: Jennifer@TransformviaTravel.com Patreon.com/gosololive We Wish to Inform You That Tomorrow We Will Be Killed with Our Families, by Philip Gourevitch Connect with Clara: Website Clara in LinkedIn Leave a Review: Did you like this episode? Please leave an honest review on iTunes with your feedback! Also, please subscribe to the Go Solo Live podcast on iTunes, to get notified when a new episode gets released. I appreciate your listening to this week’s show. And tune in next week for another great guest.
Mozambique Coal Rush / Urban Farming in Africa / It's a bird...It's a plane...It's a conservation drone! / Music to Help the Forests of Madagascar / Sun Oven / Audubon's Birds of America / The Rap Guide to Evolution
Mozambique Coal Rush / Urban Farming in Africa / It's a bird...It's a plane...It's a conservation drone! / Music to Help the Forests of Madagascar / Sun Oven / Audubon's Birds of America / The Rap Guide to Evolution
Mozambique Coal Rush / Urban Farming in Africa / It's a bird...It's a plane...It's a conservation drone! / Music to Help the Forests of Madagascar / Sun Oven / Audubon's Birds of America / The Rap Guide to Evolution
Mozambique Coal Rush / Urban Farming in Africa / It's a bird...It's a plane...It's a conservation drone! / Music to Help the Forests of Madagascar / Sun Oven / Audubon's Birds of America / The Rap Guide to Evolution
Mozambique Coal Rush / Urban Farming in Africa / It's a bird...It's a plane...It's a conservation drone! / Music to Help the Forests of Madagascar / Sun Oven / Audubon's Birds of America / The Rap Guide to Evolution