Zakladatel e-shopu Mall.cz Ondřej Fryc říká, že se vše řídí očekáváním. Lidé přestali například utrácet za oblečení, ale jakmile vláda oznámila zastropování cen energií, zákazníci se do obchodů vrátili.Český stát chce investovat do start-upů a poslat jim 850 milionů korun. „Nesmysl,“ hodnotí projekt Ondřej Fryc, šéf investičního fondu Reflex Capital, který investuje právě převážně do start-upů – například do úspěšných Productboard nebo Shopsys.Podle Fryce není správně, aby začínající firmy, které neprošly sítem trhu, dostaly peníze od státu. „Nás investorů jsou tu mraky, věříme si, že to posouzení trhu, který podnik uspěje a který ne, dokážeme udělat lépe než stát. Jestliže start-upy nedostaly peníze od investorů, kteří tu jsou, pravděpodobně to nejsou tak kvalitní projekty,“ dodává.Současný propad hodnoty technologických firem přitom Fryc nevidí nijak tragicky. Podle něj se jen situace vrací do normálu.„Ty valuace byly obrovsky přefouklé. Současný propad je v návaznosti na to, jak moc to bylo vyhnané za covidu. Nedávalo smysl aby firma, která nevydělávala, měla valuaci stokrát obrat. Lidé nevěděli, za co utrácet, tak dávali peníze do burzy a technologické společnosti jsou společnosti, které jsou hodně vidět. Když lidé moc nerozumí investování, investují do toho, co znají a už nekoukají na standardní ukazatele návratnosti. Teď, když lidé peníze z burzy stahují, se to více obrací do fundamentálního investovaní než do toho sentimentálního,“ dodává.Ondřeje Fryce časopis Forbes zařadil na 91.místo v žebříčku nejbohatších Čechů, zejména díky prodeji Mall.cz, který v roce 2000 založil a který byl následně jihoafrickou skupinou Naspers oceněn na 300 milionů dolarů. Právě pro e-shopy je však podle Fryce letošní rok velmi těžký a rozhodovat bude to, zda udrží cash flow. Agenda. Rozhovory s top lídry českého byznysu, zakladateli firem, odborníky. Čtvrthodinka o byznysu z první ruky. Každý všední den na SZ Byznys a ve všech podcastových aplikacích. Odebírejte na Podcasty.cz, Apple Podcasts nebo Spotify.
Today I'm with the Mikes! Mike Sharman and Stopforth are wizards of the digital world and masters of telling the stories that connect brands and companies with people. But both have been on unique and powerful personal, professional and health journeys. That's what we dive into today.Mike Sharman specialises in helping B2B and B2C digital social media posts go viral. He is the co-founder of Retroviral Digital Communications and RetroActive Digital, and the author of the best-selling book The Best Dick: A Candid Account of Building a $1 m Business. He is an expert in all things digital, marketing and viral.He is the author of the brand new book Brandalism: https://www.exclusivebooks.co.za/product/9781990931635 Mike Stopforth is the founder of consulting firm Beyond Binary, co-founder of social media crisis consultancy 48HOURS, a keynote speaker, and podcast host. Prior to this work Mike built Cerebra into Africa's leading social media agency, selling it to WPP in 2013. Before that he co-founded Afrigator, an aggregator for African content creators, selling it to Naspers in 2008.Join us as we explore:Why Mike Sharman wrote his latest book NAME but how to try and mitigate the pains of writing a book.Mike Sharman's journey from standard “gyming” to a functional movement mindset.How three key changes of perspective are helping Mike Stopforth, a coachee of mine, transform his health and life. The power of partnering with yourself and loving yourself by asking “would I do this to someone I love”.The trappings of the entrepreneurial grind, and why both Mikes needed moments of suffering to see the changes their bodies and minds were begging them to make.What we do with our kids to help them navigate past the pain points both Mikes experienced.How each Mike deal with or even leverage stress in the ever-shifting modern world, and why stress is not the same as anxiety.Mentions:Testimonial – Mike Stopforth, https://www.youtube.com/watch?v=K8OWLrzfwHM&t=1sBook – Cal Newport, A World Without Email: Reimagining Work in An Age of Communication Overload, https://www.amazon.com/World-Without-Email-Reimagining-Communication-ebook/dp/B08BKSJX1MAuthor – Julia Donaldson, Children's Books Author.Book – Lost Connections: Why You're Depressed and How To Find Hope, https://www.amazon.com/Lost-Connections-Uncovering-Depression-Unexpected/dp/163286830XThe Future Is FreelanceThis show is for freelancers, sole traders, solopreneurs, digital nomads, consultants,...Listen on: Apple Podcasts SpotifySupport the show
One 97 Communications, one of India's biggest digital payments companies, which operates under the brand name Paytm, has appointed GS Sundararajan, former group director of Shriram group as an independent director on its board, the company told the stock exchanges on Aug.27. Byju's, after 17-month delay is set to report FY21 financials on Sep. 6. And some details may have emerged about Apple's long-rumoured mixed reality headset. Notes: One 97 Communications, one of India's biggest digital payments companies, which operates under the brand name Paytm, has appointed GS Sundararajan, former group director of Shriram group as an independent director on its board, the company told the stock exchanges on Aug.27. The company also announced the retirement of independent director Mark Schwartz, upon completion of his tenure. Previously, Schwartz had served as chairman of Goldman Sachs Asia Pacific. Paytm is “confident that with continued revenue growth, an increasing mix of higher margin businesses such as loan distribution, and better operating leverage, it is firmly on track to achieve operating EBITDA profitability by the quarter ending September 2023,” the company said in its filing. Byju's, India's biggest ed-tech company and its most valued startup, has informed its debt investors that it is likely to finalise its audited financial results for FY21, approved by auditor Deloitte, by September 6, Economic Times reports, citing people briefed on the matter. India's Ministry of Corporate Affairs has asked Byju's parent Think & Learn to explain the 17-month delay in filing its audited accounts, Bloomberg reported on Aug. 25. Byju's investors include Sequoia Capital, Bond, Tiger Global, BlacRrock, Silver Lake, Naspers, and Chan-Zuckerberg Initiative. It is privately valued at $22 billion, according to the Bloomberg report, which cites market researcher CB Insights. Flipkart will invest more than Rs. 3,600 crores in the next three years to set up three new giant automated fulfilment centres, Economic Times reports. This includes one in Manesar which is under construction and two new ones, which would come up in South and West Bengal respectively, Flipkart Group's senior vice president and head of supply chain Hemant Badri, told ET. Some details may have emerged about Apple's rumoured virtual reality headsets, in trademark filings spotted by Bloomberg, The Verge reports, citing a Bloomberg report that is behind a paywall. The filings suggest Apple might incorporate “Reality” in the name and branding of its long-rumoured mixed reality headset. Three separate filings show trademarks for “Reality One,” “Reality Pro,” and “Reality Processor,” matching the realityOS name that shows up in Apple's code and a trademark application that potentially refers to the headset's operating system, according to The Verge. Theme music courtesy Free Music & Sounds: https://soundcloud.com/freemusicandsounds
Looking at why Berkshire Hathaway bought Paramount Global, and also looking at Warner Brothers Discovery and these two companies positions' in the streaming era and the potential of these two global entertainment companies.I also discuss my style of value investing which is focused value growth investing while being spawner, apex spawner, and asymmetric opportunity aware. This style of value investing was inspired by these three Mohnish Pabrai lectures:Mohnish Pabrai on the different approaches to value investing - https://youtu.be/qBdieWfouZMMohnish Pabrai on Tencent, Pony Ma, Naspers, Koos Bekker, and capital allocation - https://youtu.be/_7UfqjD3IEgMohnish Pabrai on spawners and apex spawners - https://youtu.be/pUiwBs_N5cETwitter - https://twitter.com/afterinvestorToday in Manufacturing Inside the biggest stories impacting U.S. manufacturing.Listen on: Apple Podcasts Spotify Ad To The BoneYour podcast for digital advertising, AdTech & programmatic advertisingListen on: Apple Podcasts Spotify
Stock market technical analysts are fixated with the 200-day Moving Average which they say provides either support (in a Bull Market) or resistance (Bear) for share prices going forward. After the major US indices broke above this critical tend last week, declines in the past two days have brought the Nasdaq perilously close to dropping below the trend line again. Minutes from the latest Fed meeting helped share prices stage a recovery late in the US afternoon, but it ran out of steam towards the close. In SA-related news, Naspers got a double hit after its associate TenCent reported a first ever drop in revenues and China's biggest food delivery company went into bankruptcy (Naspers has bet big in that sector). On the JSE, punished Sibanye after a trading update in which it showed operational issues more than offset the support from a weaker Rand. Bain & Co – still trying to gloss over the shocking facts DA won't support Ramaphosa MONC…for now – absent from joint opposition presser Meet the SARS chief: Revenue service on the road to recovery Learn more about your ad choices. Visit megaphone.fm/adchoices
Markets were neutral on Friday as July's US jobs numbers surprised economists to the upside (more than double forecasts) while BizNews stock holding Cloudflare rallied 27%. Also in today's BizNews Breakfast Briefing top gig companies, Uber and Lyft are making more than ever, while Apple is in hot water for claims of mishandling harassment and misconduct cases. Low profile, big reputation: 36ONE's Cy Jacobs on Naspers, Absa and the investment approach that's attracted R33bn Best of BizNews #1 – Andrew Donaldson: Asking RW Johnson why SA hasn't much time left Learn more about your ad choices. Visit megaphone.fm/adchoices
Cy Jacobs is among a handful of investment managers who consistently attract South Africa's smart money. An all rounder, his company 36ONE runs hedge funds and unit trusts, takes long and short positions, ionvests locally and offshore. With a 15 year compound annual growth rate of 16%, an investment of R1m in 2006 in its flagship SNN Q1 Hedge Fund has grown to R11m today. In this interview ahead of Jacobs' keynote presentation to BNC#4, the ace money manager shares his investment strategy - and gets into specifics on Naspers and Absa. An investing masterclass from a professional at the top of his game. Learn more about your ad choices. Visit megaphone.fm/adchoices
Carvana earnings, Ring Energy Earnings, How Naspers bought Tencent, TAV AirportsRothman Report for Prosus - https://rrprx.substack.com/Twitter - https://twitter.com/afterinvestor0:00 Intro1:55 Housekeeping7:51 Carvana22:44 Warner Brothers Discovery28:53 Ring Energy36:20 Naspers and Tencent59:00 TAV Airports
Another good session for the BizNews share portfolio favourites as Wall Street rebounded after Tuesday's concerns over House Speaker Nancy Pelosi's visit to Taiwan. The JSE also had a winning session with a rise in financials offsetting the drop by gold shares. Insight, too, from Naspers which rose 4% after its management re-started its share buyback programme after the price hit R2 325 - the level which traders may now consider a floor. At the other end, the share price of Chinese internet giant AliBaba, down by half in a year, could be in for more pain after major shareholder Softbank announced it will be significantly cutting its stake. Good news. though, on the oil front after yesterday's Opec+ meeting. Also in today's BizNews Breakfast Briefing, an excerpt from Mike Appel's interview with Lord Peter Hain, whose actions led to the UK government banning Bain & Co for three years. Learn more about your ad choices. Visit megaphone.fm/adchoices
In der heutigen Folge „Alles auf Aktien“ berichten die Finanzjournalistinnen Anja Ettel und Jana Sepehr über das nahende Börsendebüt von Porsche, die bittere Wahrheit über Uniper und einen der größten Tech-Anleger der Welt. Außerdem geht es um HeidelbergCement, BASF, Bayer, Volkswagen, Porsche Automobil, Twitter, Mercedes, BMW, Fresenius, Fortum, Uniper, Naspers, Jumia, Tencent, Biontech, Allianz, Sanlam, ishares MSCI South Africa UCITS ETF (WKN: IE00B52XQP83), Xtrackers MSCI Africa Top 50 Capped Swap UCITS ETF (WKN: LU0592217524), Global X MSCI Nigeria ETF (US37954Y6656) und Lyxor Pan Africa ETF (WKN: LU1287022708). Wir freuen uns an Feedback über firstname.lastname@example.org. Disclaimer: Die im Podcast besprochenen Aktien und Fonds stellen keine spezifischen Kauf- oder Anlage-Empfehlungen dar. Die Moderatoren und der Verlag haften nicht für etwaige Verluste, die aufgrund der Umsetzung der Gedanken oder Ideen entstehen. Für alle, die noch mehr wissen wollen: Holger Zschäpitz können Sie jede Woche im Finanz- und Wirtschaftspodcast "Deffner&Zschäpitz" hören. Impressum: https://www.welt.de/services/article7893735/Impressum.html Datenschutz: https://www.welt.de/services/article157550705/Datenschutzerklaerung-WELT-DIGITAL.html
Overview: Today, we discuss Konga, the Nigerian e-commerce company. We'll explore the Konga story across 5 areas: We'll give some context about the Nigerian e-commerce sector Konga's early history Product & Monetization strategy Konga sale Overall outlook This episode was recorded on July 3, 2022 Companies discussed: Konga, Jumia, Naspers, Kinnevik, Jiji, OLX, Amazon, Takealot, Yudala & Zinox Business concepts discussed: Ecommerce, marketplaces, classifieds, fundraising strategy, Blitzscaling risks, market readiness & Africa expansion Conversation highlights: (01:13) - Konga background and why we're talking about it (09:19) - Nigeria background and context (14:00) - Nigeria commerce context c. 2012 (17:00) - Background on Sim Shagaya (29:02) - Konga launch strategy and fundraising (45:55) - Konga monetization (50:51) - Competition with Jumia (1:04:35) - Konga's business lines (1:08:10) - Konga's declining fortunes and sale to Zinox (1:27:00) - Lessons for startups from Konga (1:39:28) - Bankole's overall thoughts and outlook (1:53:57) - Olumide's overall thoughts and outlook (1:57:34) - Recommendations and small wins Olumide's recommendations & small wins: Recommendation: Eboys - Book about the history of Benchmark Recommendation: Different kinds of smart (Morgan housel blog post). Article so good that I subscribed to his entire blog Small win: Listening to 20MinVC episode with Fabrice Grinda (OLX founder) the day after I published Afrobility OLX episode Interested in investing in Africa Tech with Olumide: Read about Adamantium fund & contact me at email@example.com Founders looking for funding: If you're a B2B founder working on Education, Health, Finance or food, please contact me for funding at firstname.lastname@example.org Bankole's recommendations & small wins: Recommendation: Business Breakdowns Podcast - Amazon Aggregators Small win: in-person meetings with friends at work Other content: Chinese E-Commerce to Surpass 50% of Total Retail Sales | BoF - link Listeners, Operators & Investors: Email email@example.com, we'd love to partner or get your feedback. All episodes on Afrobility.com
Alex Duys of Umthombo Wealth on markets as Naspers and Prosus have another strong day and Nampak gets a debt extension. PwC's Lullu Krugel on the economic outlook for SA for the rest of 2022. Olebogeng Ramatlhodi from Deloitte Africa on how the African Continental Free Trade Area could mitigate a worse economic impact due to Covid-19.
This episode of the BBB features some sizeable losses for JSE heavyweight shares over the past week (Naspers aside); and excerpts from Mike Appel's excellent interview with the DA spokesman on the formal laying of charges at the cops that its political opponent is a criminal organisation; and Alec Hogg discussion with newly acquired Action SA heavyweight over the water crisis in Nelson Mandela Bay - and what makes you leave your 38-year old political home for a competitor. Learn more about your ad choices. Visit megaphone.fm/adchoices
BizNews A-Plus Show duo Alec Hogg and Michael Appel are back with episode 9 of their weekly round-up of business, investments, news and politics banter you need to know. In focus this episode: Alec unpacks Cemair becoming SA's third biggest player in the airline industry; restauranteurs/landlords not seeing eye-to-eye; Prosus/Naspers share buyback plan; Godongwana's name crops up in Gupta bank account closure saga. The DA lays criminal charges vs the ANC...again,;ANC slapped with R120m bill or possible liquidation. Learn more about your ad choices. Visit megaphone.fm/adchoices
In this morning's episode of the BizNews Briefing, we hear about why US stock markets dropped sharply last night taking the S&P500 Index towards its worst first half of any year since 1970; Piet Viljoen explains why the Naspers rally will fizzle out; Mike Appel provides an explainer on the Gupta-initiated Estina Dairy scandal; and from the FT, Congressmen hear how Donald Trump tried to commandeer the presidential limo to join the January 6 protesters at the Capitol. Learn more about your ad choices. Visit megaphone.fm/adchoices
The first episode of the new morning briefing for you from BizNews. In this episode you'll get an update on overnight moves in the investment markets; receive all the news you need to prepare for today from the team at the Financial Times of London; hear an excerpt of Alec Hogg's dynamite interview yesterday with billionaire entrepreneur Rob Hersov; and get the back story to yesterday's 20% surge in the Naspers/Prosus share prices.
The man whose money management prowess has put him at the top of SA's three- and five- year performance tables, reckons JSE-listed shares will continue to outperform those on Wall Street for some time to come. In this interview with Alec Hogg of BizNews.com, he explains the reasons why in some detail. Viljoen also offers thoughts on the big Naspers deal ('could have done better') and today's new SA additions to the BizNews model portfolio ABSA ('likes') and Transaction Capital ('warming to it again'). Learn more about your ad choices. Visit megaphone.fm/adchoices
Herenya's Petri Redelinghuys chats the market loving the Naspers/Prosus results. Steven Joffe, CEO of Invicta, on results as the company looks to get offshore revenue to 50% within four years. Investec's Barry Shamley on finding the balance between the different components of ESG in an unequal world.
After years of attempting a range of alternatives, Naspers/Prosus has found the key to unlocking the massive discount at which it shares trade. At a telecon today, CEO Bob van Dijk unpacked a fresh strategy that unlocks the group's previously frozen asset, its 31% holding in Chinese group TenCent. The market celebrated the news, pushing Naspers and Prosus shares up 15%.
Sonali De Rycker is a Partner @ Accel, one of the leading firms of the last 3 decades with a portfolio that includes the likes of UiPath, Miro, Spotify, and many more incredible companies. As for Sonali, Sonali led Accel's investments in Avito (acquired by Naspers), Spotify (NYSE: SPOT), Primer, Monzo, Letgo (acquired by Naspers), Kry/Livi, Soldo, Hopin, and Sennder. Prior to Accel, Sonali was with Atlas Venture (now Accomplice). She also previously served on the board of Match.com (NASDAQ:MTCH). In Today's Episode with Sonali De Rycker You Will Learn: 1.) From Small Town in India To Leading Venture Capitalist: How Sonali made her way from a small town in India to becoming one of the most prominent VCs of the last decade? What were some of Sonali's biggest lessons from seeing the booms and busts of 2000 and 2008? What climate does the crash today resemble more? Why so? How does Sonali advise younger investors who have not lived through a downturn? What should their investor psychology be right now? 2.) Firm Building: Accel: What are the most challenging and non-obvious elements of building a firm today? What have been some of the biggest mistakes Accel has made when adding to the team? What qualities do Sonali and Accel specifically look for when interviewing candidates to join the team? What specific questions tease out whether the candidate has these traits? What specific structures does Accel have in place to encourage the team to work together as one cohesive unit? How do they use bonuses as a team incentive? 3.) Sonali: The Investor: How has Sonali's investing style changed over the years? What moments caused these changes to happen? What are some of the biggest mistakes Sonali has made in her investing career? What did she learn from them? On the flip side, from winners such as Spotify and Supercell, what did Sonali learn from her biggest winners? Why does Sonali believe that market sizing and outcome scenario planning is useless and will lead you to make the wrong decision? 4.) Decision-Making and Risk: What does Sonali mean when she speaks of Type 1 and Type 2 decisions? How should one's decision-making process change according to which type of decision it is? What are the two biggest risks startups are facing today? Does Sonali believe that seed-stage companies will take money from crossover funds? What does Sonali do when she loses faith in the founder? How does she communicate that to them in the right way? What have been some of her biggest lessons here? What have been some of Sonali's biggest lessons when it comes to reserves management? How does Sonali determine when to double down vs reserve cash? Items Mentioned in Today's Episode with Sonali De Rycker: Sonali's Favourite Book: A Fine Balance Sonali's Most Recent Investment: BeReal
We've got some big news for you; this is the 100th episode of the Techpoint Africa Podcast!!! And of course, we are celebrating. To find out more, listen to today's podcast. We loved reminiscing about all the iterations we've gone through in the last three years, including doing video. But that's not all we discussed. 0:05 - Celebrating 100 episodes of the Techpoint Africa Podcast 12:10 - Amazon bringing its eCommerce service to Nigeria and South Africa 23:17 - Uganda is going to space, finally Useful links Scaling with stellar communication technologies at the Termii Elevate 1.0 Conference Amazon plans to expand into 5 new countries early next year Konga acquisition: Could Kinnevik and Naspers have lost a combined 93% ROI? 18 months into a new strategy, how close is Jumia to profitability? Uganda to launch its first satellite in 2022 After 23 years, Nigeria’s space ambitions still look like a pipe dream
Overview: Today, we're going to talk about OLX - the classifieds & marketplace platform. We'll explore the OLX Africa story across 4 areas: OLX's early history OLX's growth in other emerging markets OLX Africa's early history & Naspers acquisition Naspers OLX exit from Africa This episode was recorded on June 5, 2022. Companies discussed: OLX, Jiji, Craigslist, Konga, Naspers, Kalahariads, Dealfish, Pricecheck, Mocality & Tradestable Business concepts discussed: Classifieds platforms, classifieds monetization, M&A strategy, e-commerce, social commerce, lift and shift business models & international expansion Conversation highlights: (01:30) - OLX context (06:30) - How classifieds work (12:00) - OLX founding and early history (26:03) - OLX entry into other emerging markets (31:10) - OLX entry into Africa (45:32) - Product and monetization strategy (58:17) - Discussing OLX's Africa exit (1:22:54) - Olumide's overall thoughts and outlook (1:10:58) - Bankole's overall thoughts and outlook (1:38:39) - Recommendations and small wins Olumide's recommendations & small wins: Recommendation: Microsoft 365. I've used it for 17 years and it just gets better and better Small win: Using my old Lenovo ThinkPad from 2016. My computer crapped out on Friday and so I had to dust the cobwebs and it still works Interested in investing in Africa Tech with Olumide: Read about Adamantium fund & contact me at firstname.lastname@example.org Founders looking for funding: If you're a B2B founder working on Education, Health, Finance or food, please contact me for funding at olumide@afrobility. Bankole's recommendations & small wins: Recommendation: Cryptocurrency 161, Reversion to the mean: the real long COVID - by John Luttig & Heartwarming story - Installing a payphone in my house Small win: 4 mile run after a long break Other content: Why I am leaving OLX - Fabrice Grinda, Margin Call - IMDB & Larry Tesler - Inventor of Copy and Paste Listeners: We'd love to hear from you. Email email@example.com with feedback! Founders & Operators: We'd love to hear about what you're working on, email us at firstname.lastname@example.org Investors: It would be great to link up with you. Contact us at email@example.com Join our insider mailing list where we get feedback on new episodes & find all episodes on Afrobility.com
Overview: Today, we're going to talk about Jiji - the African classifieds platform. We'll explore the Jiji story across 6 areas: Classifieds platforms in other emerging markets Classifieds platforms in Africa Jiji's early history Jiji's product & monetization strategy Jiji's competitive positioning & potential exit options overall outlook. This episode was recorded on May 15 2022. Companies discussed: Jiji, Genesis Group, Naspers, OLX, Craigslist, Avito.ru, Adevinta, Jumia, Konga, Cars45, Cheki.ng, Autochek, Tonaton, Saltside Technologies, Bikroy, Dubizzle, Kalahari, Autotrader & Property24 Business concepts discussed: Classifieds platforms, classifieds monetization, M&A strategy, e-commerce, social commerce, agency banking & marketplace Conversation highlights: (01:36) - Why we're talking about GG today (09:51) - Classifieds platforms in other emerging markets (23:15) - Africa classifieds context (27:12) - OLX in Africa (36:48) - Jiji founding and early history (45:33) - Fundraising and Growth (1:03:09) - Product and monetization strategy (1:09:33) - Competition and options for exit (1:30:06) - Olumide's overall thoughts and outlook (1:32:13) - Bankole's overall thoughts and outlook (1:38:55) - Recommendations and small wins Olumide's recommendations & small wins: Recommendation: Re-watched Amelie - Great movie Small win: Setup 2nd whiteboard in my room. Fun times ahead Interested in investing in Africa Tech with Olumide: Read about Adamantium fund & contact me at firstname.lastname@example.org Founders looking for funding: If you're a B2B founder working on Education, Health, Finance or food, please contact me for funding at email@example.com Bankole's recommendations & small wins: Recommendation: Last Last - Burna Boy & Business Breakdowns Podcast - DigitalBridge Small win: Planting season in Seattle :) Other content: Tweet about Twilio stock-based compensation & History of the United States in 5 crashes Investors, Operators, Entrepreneurs - We'd love to hear from you. Please email firstname.lastname@example.org to share feedback or propose topics you'd like to hear. Join our insider mailing list where we get feedback on new episodes & find all episodes on Afrobility.com
In episode 4 of the newest BizNews offering, editor Alec Hogg and deputy Michael Appel share insights into the news you need to know from the week that was - Hogg on business and investments, Appel on news and politics. In focus this episode, the latest on Netflix's torrid quarterly results, as well as the Naspers/Prosus discount closing strategy that keeps on failing; a story of triumph for small community radio station Pretoria FM over Primedia Broadcasting; President Cyril Ramaphosa seeks to allay the country's fears that relief funds meant for KZN will be looted; Cape Independence advocate Phil Craig on the prospect of a Western Cape breakaway; Forensic Investigator Paul O' Sullivan has launched his new book Stop Me If You Can.
Two years after Naspers management began implementing an explicit "closing discount to NAV" strategy, the consequence has been the precise opposite of what was intended. Counterpoint's Piet Viljoen points out the stock's discount to its see-through asset value is now at an all-time high of 62%. Naspers accounts for a sizeable chunk of the JSE indices, so failure of this deliberate strategy has cost South African savers dearly. Bills for the company's expensive creation of offshore holding company Prosus, coupled with a massive share buyback programme at much higher levels than the current share price, run into hundreds of millions of dollars. Viljoen expressed his concerns in a tweet this morning. In this podcast, BizNews editor Alec Hogg asked him to why he felt strongly enough to express his criticism so publicly.
The best investment returns are being generated by smaller, more nimble money managers according to David Bacher of Corion Capital whose tables for March have just been released. In this podcast, Bacher explains how asset managers are reacting to the new regulation which raises the offshore component from 30% to 45% - and why SA's Big Three managers, Allan Gray, Coronation and Ninety One - are struggling to match the returns generated by smaller competitors.
Episode Description: In episode 7 of Season 3, Matt and Rob speak with Lee Hower, co-founder and Partner of NextView Ventures. Lee has spent his career as an entrepreneur and investor in early-stage software and internet startups. In this episode, you'll learn more on Lee's early days at PayPal alongside Elon Musk, to co-founding LinkedIn and moving back to the east coast to start his venture career at PJC. You'll hear more on his experience starting NextView Ventures, the biggest challenges he has faced with NextView and what has surprised him the most being in venture for over 10 years. What is Uncovered: What it was like starting Fund I at NextViewThe parallels of running a startup and raising money as a VCWhat it was like to receive that first LP commitment How Lee's experience in tech has influenced his experience in VentureThe most surprising thing about starting a venture fund The biggest challenge Lee has faced over the last 10 years at NextView Learn more about: Lee Hower: Lee is a co-founder and Partner at NextView Ventures. He has spent his entire career as an entrepreneur and investor in early-stage software and internet startups.Lee started his career as an early employee of PayPal in product and business development roles, through the company's 2002 IPO and sale to eBay. After PayPal, Lee was a co-founder of LinkedIn (NYSE: LNKD) and served as head of corporate development during the company's early years.Lee began his VC career at PJC, a Boston-based early-stage VC firm, where he was a Principal and helped to build the firm's internet investment practice. At PJC Lee led investments in and served as a board director of Multiply (acq. by Naspers) and FanIQ.Lee graduated from the University of Pennsylvania's Management & Technology program, with a BAS in Systems Engineering and a BS Economics from the Wharton School. He was selected as Wharton's Commencement Speaker in 2000. He lives with his wife and small daughter and splits his time between Boston and San Francisco.Connect with Lee on LinkedIn. NextView Ventures: Seed stage investors who champion founders who want to redesign the Everyday Economy. NextView keeps their number of deals small and platform offerings expansive so they can help their portfolio with what matters most at the seed-stage. Check out their full pitch deck: https://nextview.vc/approach/Highlighted Quote rom Lee: “People come up with all kinds of sports analogies as to what early-stage VC and investing is like and the best one that I've said is it's kind of like baseball: a hybrid between the base running coach whose standing at third base and the talent-scout. The 3rd base coach gives perspective and input to the founders, who are the ones who are actually building and running the companies. Sometimes they listen to our advice, sometimes they don't, but hopefully the third base coach can see the whole field and see what's happening and offer that perspective to go around third base and head for home or not. The talent scouting part of it is identifying really exceptional people who sometimes have ideas that seem unusual at the very early stage.”
小額贊助老周，讓我們一起聆聽更多訪談、分享更多商業知識！ https://pay.firstory.me/user/moneytalk 聽完了嗎？快留言給老周，說說你對這一集的想法！ https://open.firstory.me/user/ckjxnwzo58elm0989tt6w3bf4/comments 港股前陣子實在有夠慘淡，連續兩天跌到趴下，如果老周繼續白目下去、講什麼投資價值，大家肯定翻白眼了！不然這樣，我們就來回顧一下長期投資的光榮歷史，試著讓大家重拾信心吧！ 嗯！為了讓各位聽眾朋友在跌勢中得到一些慰藉（？），這集就來談談騰訊背後的傳奇大股東，是如何靠這檔股票海撈7,800倍吧！（你沒看錯我沒打錯，報酬率高達7,800倍，不是7,800%。） 由在地白人精英成立的南非國家報業集團（NASPERS），本來是一家老牌紙媒，90年代中期，它股票上市，陸續接觸到海外的投資機會；大約在2001年前後，有華爾街投行向該公司介紹一位叫做馬化騰的廣東年輕人，他的新創現金快要燒完，急著籌資。NASPERS的基金經理想起在大陸拜訪時，對方名片上經常印著QQ號碼，因此對這家經營QQ的公司很感興趣。 禍不單行，當時投資馬化騰「騰訊」的兩大股東：IDG、李澤楷都想退場，雙方各擁2成股權。幾番商議，NASPERS透過子公司購入IDG手上的12.8%，以及李澤楷全數20%騰訊股權，代價僅有3,200萬美元，而且NASPERS大方讓IDG海賺11倍退場，後者極為滿意。最多時候，NASPERS曾占騰訊一半股權。 2004年，騰訊股票在香港交易所上市，此時NASPERS已經大賺8倍，但是占騰訊股權35.71％的第一大股東堅持，一股都不賣。 這個故事裡，長期投資終有驚人報酬：直到2018年4月，NASPERS首次宣布減持騰訊2%股權時，它持有騰訊的報酬率已經達到5千多倍了！交易完成後，該公司對騰訊持股從33.2減為31.2%，並同意未來三年內將不再另外減持騰訊股票。 2021年4月7日，NASPERS再宣布減持騰訊，持股比重由31.2%減為28.9%，且不再為控股股東。騰訊上市以來，僅2008年、2011年、2018年與2021年的年底股價是低於年初股價，前兩次是大市遇到金融危機，後兩次正是由於自身大股東減持所致。回顧2021年中國大陸政府對網路巨頭的監管頻頻下重手，騰訊第一大股東NASPERS擁有股權價值逾千億美元，雖然遠在萬里之外，但是它對中國政策宏觀風向拿捏之到位，賣股時機之精準，實在令人驚嘆。下次如無意外，2024年3月NASPERS恐怕又將宣布減持騰訊？是耶非耶，相信全市場都在看！ --- 商業合作、參加抽獎：email@example.com Instagram: https://bit.ly/3E6uMz1 粉絲團：bit.ly/2Y6Agql S3E33 總集數：135 Powered by Firstory Hosting
Simon Shares Just One Lap is 11 years old :) FOMC, as expected. Local MPC tomorrow. Nasdaq, time to buy? Also FTSE100. Both a technical buy, not taking a view on the fundamentals. Brent almost back at US$120. China opened up already, well Foxcon at least. Tencent results, flat-lining. The end of an era! So says Tencent as revenue grows in single digits, the lowest quarterly number since listing back in 2004. Tencent's declaration is resignation that any expansion will be cautious and controlled. Prosus down 8.2%, Naspers down 8.4%. Prices still look vulnerable — David Shapiro (@davidshapiro61) March 23, 2022 Thungela Resources (JSE code: TGA) results and 1800c dividend. "developments in terms of new thermal coal projects which have been hampered by financing opportunities, given ESG pressures on carbon fuels" * I hold ungeared positions.
Banafsheh Fathieh invests in startups that positively impact their communities in Latin America. As an early-stage venture capitalist looking for opportunities in the Latin American market, Banafsheh is the Head of Investments at Prosus Ventures, the venture arm of Prosus Group, the international Internet assets division of South African multinational Naspers, and one of the largest tech investors globally.The company has a history of working in emerging markets, where it partners with entrepreneurs with high potential and an ambition to scale globally. Prosus tries to provide tailored support for startups to impact the communities where they operate. While Banafsheh dreamed of working as a diplomat, she ended up working in finance and investing almost by accident. Now she is passionate about helping Latin American startups scale. Listen to this episode to hear about Prosus Ventures' investment thesis, and learn why Banafsheh thinks Latin America is any VCs dream market. She also shares advice on how trusting your own gut and research can be more important than cold facts and macro trends. LatAm: talented entrepreneurs with capital constraintsWhile analyzing startups globally, Banafsheh realized that Latin America has a mismatch between available capital and the talent pool relative to other parts of the world. Latin America has gone through several unfavorable cycles that ended up spooking investors, who overcorrected and reduced the amount of capital allocated to both equity and credit. This overcorrection created a value asymmetry, where valuations did not match the quality of the entrepreneurs. In this episode, Banafsheh Fathieh explains the lack of investment in Latin America and how it bred a generation of creative founders that are blooming recently.Latin America's underserved tech-savvy populationLatin America has brilliant founders and a population of technology enthusiasts who love all things digital. As an American of Iranian descent, Banafsheh got to know Latin American culture through her university classmates. She spent time in Brazil and Argentina and found structural issues that founders could help solve. Banafsheh is helping foster Latin Americans' entrepreneurial spirit and helping them close the access gap in products and services for an underserved market.Check out this episode of Crossing Borders to learn more about Banafsheh's insights on why, tech is moving in the right direction, despite some macro trends creating headwinds for some Latin American countries.Prosus Ventures patient investment thesisProsus Ventures is focused on helping early-stage entrepreneurs navigate the venture capital world. Prosus Ventures is stage agnostic and they focus on the talent and less on spreadsheets. Prosus's investments in Latin America are mainly in consumer Internet and fintech companies. Unlike a traditional fund, they can work with a company for decades and be long-term holders, this allows them to support startups through many cycles with no pressure to deploy. In this episode of Crossing Borders, Banafsheh explains her role in Prosus Ventures and why their structure allows them to provide “patient capital” with no artificial constraints.Outline of this episode:[01:25] - About Prosus Ventures[02:47] - What types of companies does Prosus invest in?[05:40] - Banafsheh's background[07:59] - Diplomatic training's lessons[09:17] - First connection to Latin America[12:15] - Evolution of investment thesis in Latin America.[15:39] - Receiving investment from a fund vs. from Prosus Ventures[18:23] - Some of Prosus' most interesting investments[23:02] - Being a bullish investor for Latin America[27:30] - Advice for founders[29:15] - Banafsheh's recommendations[30:30] - Advice to Banafsheh's younger self[32:18] - What's next for Prosus Ventures?People & resources mentioned:Banafsheh FathiehProsus VenturesNathan LustigGeorgetown UniversityMovileWebsiteCrossing Borders Episode with Fabricio Bloisi, CEO of Movile iFoodWebsiteCrossing Borders episode with Carlos Moyses, CEO of iFoodKlar Azos Kovi99 minutos
Simon Shares Shoprite* (JSE code: SHP) results, it's all about innovation. Strong un International* (JSE code: SUI) update. War in Europe, commodities still the story. Very volatile, that's expected. But I expect more upside and I am happy to hold. Upcoming events; 17 March ~ JSE Power Hour: Geopolitics, inflation and markets Prosus (JSE code PRX) / Naspers (JSE code: NPN) / Tencent (Hong Kong code: 700) Tencent has been under pressure Naspers and Prosus have been hit even harder Live Prosus discount to net asset value (NAV) is now some 55% after hitting 60%. VK (old mail.ru) has been written down to zero. Generally unlisted is worth a lot less than stated? Buy / Sell / Hold? VIE structure China has not taken sides in the war, so far Tax on profits if they sell Tencent More Chinese crackdowns? Prosus has been wasting money from the sale of 2% stake in Tencent? Buying back shares Buying Delivery Hero (Frankfurt code: DHER) * I hold ungeared positions.
FNB's Wayne McCurrie takes a look at the Naspers/Prosus collapse and China's 5.5% GDP target. Jane Shoemake of Janus Henderson Investors on global dividends hitting record highs, led by miners and tech. Futuregrowth's Thesele Mampane talks Reits
2021 a fost un an absolut spectaculos pentru investiții în companii antreprenoriale. În România, investițiile de tip venture au fost 85 de milioane de euro, de două ori și jumătate mai mari decât în 2020. În acest context, am vorbit cu Radu despre cum să te gândești la valoarea companiei tale, despre cum să înțelegi mentalitatea investitorilor și de ce șansele tale de câștig, ca antreprenor, cresc cu 70% dacă înțelegi acest lucru, despre cum lucrează Seedblink - platforma de crowdinvesting care democratizează, cumva, investițiile în startupuri. Radu Georgescu împlinește anul acesta trei decenii ca antreprenor. Este unul dintre pionierii români în tehnologie. A fondat 37 de companii, parte dintre ele nereușite, parte subiect al unor tranzacții remarcabile: vânzarea tehnologiei RAV către Microsoft în 2003, a business-ului de ePayment către Naspers în 2010, a Avantgate către Fracisco Partners în 2013 și a tehnologiei Wector Watch către fitbit în 2016. Este Președinte al boardului Seedblink și unul dintre cei mai pozitivi și fericiți oameni pe care-i cunosc. Conversațiile noastre anterioare, din septembrie 2019 și decembrie 2020, sunt incursiuni detaliate în teme precum echilibru și cum să privești un eșec, când e cazul să renunți la un proiect și viitorul tehnologiei și al business-ului. Pot fi găsite în arhiva Vast&Curious. **** Acest podcast este susținut de Dedeman, o companie antreprenorială 100% românească ce crede în puterea de a schimba lumea prin ambiție, perseverență și implicare. Dedeman susține ideile noi, inovația, educația și spiritul antreprenorial și este partener strategic al The Vast&The Curious. Împreună, creăm oportunități pentru conversații cu sens și întrebări care ne fac mai buni, ca oameni și ca organizații. **** Acest podcast este de asemenea prezentat de eMAG, o companie care crede în educație și în puterea oamenilor de a folosi tehnologia pentru a crea un viitor mai bun. **** Note, un sumar al conversației, precum și cărțile și oamenii la care facem referire în podcast se găsesc pe andreearosca.ro Pentru a primi noi episoade, vă puteți abona la newsletter pe andreearosca.ro. Dacă ascultați acest podcast, vă rog lăsați un review în Apple Podcasts. Durează câteva secunde și ne ajută să îmbunătățim temele și calitatea și să intervievăm noi oameni interesanți.
Huge thank you to Matthew Peterson of Peterson Capital Management for his valuable time. I took a lot of value (no pun intended) from this conversation, and I hope you do too!Enjoy :)Donate to Movember Below:https://movember.com/m/14270701?mc=1Movember team updates:https://movember.com/t/margin-of-shavety?mc=1Sign up for any Sharesight subscription below and get four months FREE:https://www.sharesight.com/investingwithtom/Check out more from Matthew Peterson:Website - https://www.petersonfunds.com/YouTube - https://www.youtube.com/channel/UCh7EeAyL3aRc9pa_qCBDf8AMore content below:YouTube - https://www.youtube.com/investingwithtomInstagram - https://www.instagram.com/investingwithtom/Twitter - https://twitter.com/tominvestingContact:E-mail: firstname.lastname@example.orgDisclaimer:I am not a financial adviser. This podcast is for education and entertainment purposes only. If you require personal financial advice, seek the help of a qualified financial advisor.