membranus:


https://www.reuters.com/article/jp-morgan-moves-venture-capital-idUSL2N27L0AR

SimplyFacts:
Should we tell him?

lessonotes:


I can't understand you either; is it you can or you can't; which one?

No Bank will give you a loan for an idea, you can try venture capitalists, but before you do, be armed with your business model canvas hypothesis, research and growth potentials for your idea as well as customer pains you're trying to eliminate and gains you wish to proffer. Also an MVP (Minimum Viable Product) will not be bad.

If no way for there, look for all these bootcamps sprints online e.g F6S (https://www.f6s.com/) and go through them, also save money if you're a salary earner so that you can bring your idea to fruition.

lessonotes:


I can't understand you either; is it you can or you can't; which one?

No Bank will give you a loan for an idea, you can try venture capitalists, but before you do, be armed with your business model canvas hypothesis, research and growth potentials for your idea as well as customer pains you're trying to eliminate and gains you wish to proffer. Also an MVP (Minimum Viable Product) will not be bad.

If no way for there, look for all these bootcamps sprints online e.g F6S (https://www.f6s.com/) and go through them, also save money if you're a salary earner so that you can bring your idea to fruition.

slawormiir:
Damnnn niggar
Isoright ....

You see why youths do anything to make money..

This is what I keep on telling my niggarrrrs

Before you become successful in this gadamnnn world......sometimes you have to do something illegal first.....then as the money comes...stop that illegal dope shit and use the money to pursue that your legal dream

This na exactly how most of our millionaires and Billionaires take start...because at the beginning nobody will help, sponsore or invest in your ideas especially if you are from a poor background

membranus:


JP Morgan, and other Investment Banks, have venture capital division.

IsaacRocks:
#Storytime.
I Once went to the bank to pitch one of my products (a lean startup under Pantakers) to one of the popular Banks in Abuja, after talking about the partnership type and showing my prototypes and idea, carelessly the lady just looked straight at me and said.

"No1 I don't understand what you are talking about.

No2 you can have access to any facility either in loan or fund from the bank".

This statement almost killed me immediately, mhen entrepreneurs in Africa especially Nigeria are suffering oo, with tears in my eyes .
I left there knowing that God that gave me the idea will water it and those banks will one day come and beg to invest in my idea.

Tinyemeka:


I'd beg to disagree on that.

Those banks have their Investment Banking divisions that provide services relating to advisory, due diligence, M&A, etc.

JP Morgan has a Private Equity holding (JP Morgan Partners LLC) not VC.

Modus operandi of VCs and PEs are quite different.

PE firms provide funding with a view to gaining majority control of an existing or mature firm. Firms that are well past their growth phase.

VCs on the other hand are not primarily interested in having majority control, but would rather provide funding to have a stake in early-stage startups that have a high potential for strong growth and performance. Those are the kind of partners OP should be looking for.

Banks and PE firms would rather be interested in investing in an already running company (usually one they deem to be under-performing and under-estimated, take control of the company's management and operations, turn it around for the better and then sell it off - exit the investment per se - when the fortunes of the acquired company have improved).

membranus:


https://www.reuters.com/article/jp-morgan-moves-venture-capital-idUSL2N27L0AR

SimplyFacts:
Should we tell him?

Your idea might have been stolen, bro.
Be prepared to sue the bank

Isupaefugbemi00:
Na wao. I believed that day, you must have dressed to kill.

Thinking you will hit the jackpot.

Kazim88:
Bank all over the world don't give unsecure loan to start up and "Idea".

Some bank won't even give you loan with a valuable collateral if you are a start up.

It's not worth the risk for both the bank and entrepreneur.

Now, coming to Nigeria where the system for loan recovery is non existence making loan interest terribly high. where 1 out of 500 Entrepreneur stays afloat after 5 years according to CAC statistics.
Where ignorant career politicians, fraudsters makes doing business almost impossible...

For working into a Nigerian bank seeking funding for a Idea, you should be arrested and counsel for attempting suicide.

Lastly, I pray you succeed. The process and your struggles to the top will make you understand and appreciate that banker lady.

IsaacRocks:
#Storytime.
I Once went to the bank to pitch one of my products (a lean startup under Pantakers) to one of the popular Banks in Abuja, after talking about the partnership type and showing my prototypes and idea, carelessly the lady just looked straight at me and said.

"No1 I don't understand what you are talking about.

No2 you can have access to any facility either in loan or fund from the bank".

This statement almost killed me immediately, mhen entrepreneurs in Africa especially Nigeria are suffering oo, with tears in my eyes .
I left there knowing that God that gave me the idea will water it and those banks will one day come and beg to invest in my idea.

membranus:


https://www.reuters.com/article/jp-morgan-moves-venture-capital-idUSL2N27L0AR

slawormiir:
Damnnn niggar
Isoright ....

You see why youths do anything to make money..

This is what I keep on telling my niggarrrrs

Before you become successful in this gadamnnn world......sometimes you have to do something illegal first.....then as the money comes...stop that illegal dope shit and use the money to pursue that your legal dream

This na exactly how most of our millionaires and Billionaires take start...because at the beginning nobody will help, sponsore or invest in your ideas especially if you are from a poor background

900warriorz:
enclose all you are typing within the two middle brackets...nothing out, all in

Zico777:

Thanks Baba, let's me give it another try.

I finally got it. U will make a good teacher.

TheOgaBoss:
mfb's charge too much interest, they are like online loan sharks

poiZon:

Is education a secured venture?
But banks in US give loans for studies, education is just like commerce, u might forecast its future, but the future have its own outcome.

perambulator:


I sincerely have no idea what you are talking about and it seems it's the same over half of the people who have commented! Maybe you have a problem expressing yourself/communicating and the lady didnt understand what you were saying.

900warriorz:
Thanks boss.....I actually have a passion for teaching. Just wanna make money first before going back to teaching.

IsaacRocks:
#Storytime.
I Once went to the bank to pitch one of my products (a lean startup under Pantakers) to one of the popular Banks in Abuja, after talking about the partnership type and showing my prototypes and idea, carelessly the lady just looked straight at me and said.

"No1 I don't understand what you are talking about.

No2 you can have access to any facility either in loan or fund from the bank".

This statement almost killed me immediately, mhen entrepreneurs in Africa especially Nigeria are suffering oo, with tears in my eyes .
I left there knowing that God that gave me the idea will water it and those banks will one day come and beg to invest in my idea.

IsaacRocks:
#Storytime.
I Once went to the bank to pitch one of my products (a lean startup under Pantakers) to one of the popular Banks in Abuja, after talking about the partnership type and showing my prototypes and idea, carelessly the lady just looked straight at me and said.

"No1 I don't understand what you are talking about.

No2 you can have access to any facility either in loan or fund from the bank".

This statement almost killed me immediately, mhen entrepreneurs in Africa especially Nigeria are suffering oo, with tears in my eyes .
I left there knowing that God that gave me the idea will water it and those banks will one day come and beg to invest in my idea.

hahn:


No 2. Can or Can't?

Curious345:
Drop your email now

jimmyolasun:
Whats the idea, maybe I can invest in it...

IsaacRocks

BigBashiru:


They call ur country shit hole and you swallow hook line and sinker.

Llyodsjids:
prove us all wrong that this country ain't a shit hole