₦airaland Forum

elvis10ten: Please read this. paulgraham

Our angels asked for one, and looking back, I'm amazed how much worry it caused me. "Business plan" has that word "business" in it, so I figured it had to be something I'd have to read a book about business plans to write. Well, it doesn't. At this stage, all most investors expect is a brief description of what you plan to do and how you're going to make money from it, and the resumes of the founders. If you just sit down and write out what you've been saying to one another, that should be fine. It shouldn't take more than a couple hours, and you'll probably find that writing it all down gives you more ideas about what to do.

We started Viaweb with $10,000 of seed money from our friend Julian. But he gave us a lot more than money. He's a former CEO and also a corporate lawyer, so he gave us a lot of valuable advice about business, and also did all the legal work of getting us set up as a company. Plus he introduced us to one of the two angel investors who supplied our next round of funding.

Some angels, especially those with technology backgrounds, may be satisfied with a demo and a verbal description of what you plan to do. But many will want a copy of your business plan, if only to remind themselves what they invested in.

elvis10ten: Please read this. paulgraham

The first thing you'll need is a few tens of thousands of dollars to pay your expenses while you develop a prototype. This is called seed capital. Because so little money is involved, raising seed capital is comparatively easy-- at least in the sense of getting a quick yes or no.

Usually you get seed money from individual rich people called "angels." Often they're people who themselves got rich from technology. At the seed stage, investors don't expect you to have an elaborate business plan. Most know that they're supposed to decide quickly. It's not unusual to get a check within a week based on a half-page agreement.

elvis10ten: Please read this. paulgraham

Raising Money

To make all this happen, you're going to need money. Some startups have been self-funding-- Microsoft for example-- but most aren't. I think it's wise to take money from investors. To be self-funding, you have to start as a consulting company, and it's hard to switch from that to a product company.

Financially, a startup is like a pass/fail course. The way to get rich from a startup is to maximize the company's chances of succeeding, not to maximize the amount of stock you retain. So if you can trade stock for something that improves your odds, it's probably a smart move.

elvis10ten: Please read this. paulgraham

This was copied from the link


Like most startups, ours began with a group of friends, and it was through personal contacts that we got most of the people we hired. This is a crucial difference between startups and big companies. Being friends with someone for even a couple days will tell you more than companies could ever learn in interviews. [2]

It's no coincidence that startups start around universities, because that's where smart people meet. It's not what people learn in classes at MIT and Stanford that has made technology companies spring up around them. They could sing campfire songs in the classes so long as admissions worked the same.

If you start a startup, there's a good chance it will be with people you know from college or grad school. So in theory you ought to try to make friends with as many smart people as you can in school, right? Well, no. Don't make a conscious effort to schmooze; that doesn't work well with hackers.

sellydion: THIS WEMA SELF !!!

Wetin happen to Wema?

feelamong: After i go send my daughter to you make you mentor her wella for me!

Really impressed! I inherited a lot of shares but only started buying in 2008! i have decided that my kids will have to learn early enough how to make money for them selves..Financial education and marketing are too key subjects everyone should know no matter your course of study..

Lucky you, make good use of your inheritance.

My parents bought some for me in the 70s, started buying for my self in the 90s. I hope to inherit some, when the time comes.

mercylicious: True.
I no be brother, bt am very far from Ajebota.
Call me a tomboy, u may not be far from it, cos I went to boys high school as university,did a guy's course and am also doing a man's work ( we are just 2 females in our unit of more than 20 staff)

I grew up with the determination to make it in life (via hardwork.)I believe in working for my money. I am a source of motivation to a lot of my male friends. I started investing in shares right from youth service- I recall I saved 100k after youth service and bought gtbank and fbn then.
*** don't ask me how I was able to save the money- I had 3 jobs.

Abeg make 2pm nack make we know wetin market carry 2day.

I will want you to meet my wife, you have things in common.

manie: One should not buy a hot stock, or an over valued stock. When the O and O guys emerged as the core investors in UNIPETROL in 2000, the market expected so much from those guys.

The market capitilisation of the stock exchange in 2000 was about 600 billion Naira.

The PE of UNIPETROL ie OANDO was over 50 when i bought more units of the stock in 2002. The stock sold for between N35.00 and N40.00 in 2002.

100k will buy 2800 units in 2002.

Year Bonus Units
2002 2800
2003 1 for 10 3080
2004 1 for 4 3850
2008 1 for 5 4620
2010 1 for 3 6158
2010 1 for 2 9237 ( bonus was declared twice in 2010)
2011 1 for 4 11546


11546 units at N17.5 per share will be worth N202,055 too bad for an investment of 100k in 2002.

OANDO and Wema Bank were some of my worst investment on the exchange, although I made some money trading on margin on the shares of Wema between 2004 and 2007.

Can somebody give us the performance of Flour mills from 2001 to 2013

stockbull: you are welcome.
Let us know any tactic that works in a superb in which you have used in dealing with the market over the years

Buy stocks with the following features,

* good management
* Selling at a discount
* growing earnings at a higher than inflation
* reserves at least 40% of earnings for future growth
* the company operates in a growth sector
If the stocks meet all these criteria, hold the stock for the long term.

Benjacky: I have not received my dividend for 2010 and 2011. I dont know if general. Has been sending mail to the registrar but no reply

What part of the country are you based, I will advice to visit them at First registrars.

Why haven't you signed for e-dividend?

Bought some units of Nigerian Breweries at N20.00 per share in 2001.


100k will buy 5000 units in 2001.

Year Bonus Units
2001 ----- 5000
2002 1 for 1 10,000
2002 1 for 1 20,000


5000 units in 2001, is now 20,000 units in 2013 valued at N3.3 million.

manie: CAP sold for N2.00 in 2001, I bought some units of the stock around Easter in 2001.


Let us see the performance of CAP from 2001 to date, as per capital appreciation.

N100,000 will buy 50,000 units.

Year Bonus units
2001 50,000
2002 1 for 3 66665
2004 1 for 4 83331
2010 1 for 3 111105
2011 1 for 1 222210

50,000 units in 2001 have grown to 222210 units in 2013. CAP now sells at N37.00 per share.

The investment of 100k in 2001 is now worth N8.2 million in 2013.

NB: i did not buy 50,000 units in 2001, I used my leave bonus and savings to buy 10,000 units 2001.

The strategy is to buy an under priced stock that is well managed. When CAP sold for around N2.00 in 2000, the stock had a PE of less than 4 and an PEG of about 20%

One should not buy a hot stock, or an over valued stock. When the O and O guys emerged as the core investors in UNIPETROL in 2000, the market expected so much from those guys.

The market capitilisation of the stock exchange in 2000 was about 600 billion Naira.

The PE of UNIPETROL ie OANDO was over 50 when i bought more units of the stock in 2002. The stock sold for between N35.00 and N40.00 in 2002.

100k will buy 2800 units in 2002.

Year Bonus Units
2002 2800
2003 1 for 10 3080
2004 1 for 4 3850
2008 1 for 5 4620
2010 1 for 3 6158
2010 1 for 2 9237 ( bonus was declared twice in 2010)
2011 1 for 4 11546


11546 units at N17.5 per share will be worth N202,055 too bad for an investment of 100k in 2002.

Benjacky: Please analyse for AP from 2001 to date

I don't have AP. But i bought UNIPETROL in 1992 when it was privatised, I also bought more units in 2002 after O and O guys came on board. I think OANDO was a bad investment for

This is the performance of First Bank from 2000 to date.

100k will buy 20,000 units of FBN shares in 2000.


Year Bonus Units
2000 20,000
2001 1 for 4 25,000
2002 1 for 5 30,000
2003 1 for 6 35,000
2004 1 for 8 39,375
2005 1 for 4 49,218
2006 1 for 25 5[b]1,186 ( Special distribution)[/b]
2006 1 for 1 102,372
2007 1 for 6 119,433
2008 1 for 4 149,291
2009 1 for 6 174,171
2010 1 for 8 195,000 units


Valued at over N3.8 million Naira

manie: CAP sold for N2.00 in 2001, I bought some units of the stock around Easter in 2001.


Let us see the performance of CAP from 2001 to date, as per capital appreciation.

N100,000 will buy 50,000 units.

Year Bonus units
2001 50,000
2002 1 for 3 66665
2004 1 for 4 83331
2010 1 for 3 111105
2011 1 for 1 222210

50,000 units in 2001 have grown to 222210 units in 2013. CAP now sells at N37.00 per share.

The investment of 100k in 2001 is now worth N8.2 million in 2013.

NB: i did not buy 50,000 units in 2001, I used my leave bonus and savings to buy 10,000 units 2001.

My late mentor had over 1.8 million units of this stock in 2007, which should have grown to over 4.8 million units in 2013.

Nestle and AP sold for N20.00 for a better part of 2001.

100k will buy 5000 units of Nestle shares.

Year Bonus Units
2001 ----- 5000
2003 1 for 4 6250
2007 1 for 4 7812
2011 1 for 5 9374


The current price of Nestle is around N850, the 9374 units of nestle is worth almost N8 million .

Not bad for an investment of 100k in 2001.

UAC was a rejected stone in 2000, the company was undergoing serious turn around. The MD/CEO in person of Mr. Ajayi shifted the focus of the company to food, logistics and the real estate subsidiaries.

The price of UAC fluctuated between N2.00 and N2.50 in 2001/2002.

@ N2.50k, 100k will buy 40,000 units of UACN. UACN is a bit stingy with bonus, but the is the stock performance as per capital appreciation since 2001.


Year Bonus Units
Feb 2000 ----- 40,000
Aug 2000 1 for 1 80,000
June 2010 1 for 4 100,000


40,000 units in 2000 have grown to 100,000 units in 2013. UACN sold for N53.00 yesterday. The 100k invested in UACN in 2000 is now worth N5.3 million in 2013.

CAP sold for N2.00 in 2001, I bought some units of the stock around Easter in 2001.


Let us see the performance of CAP from 2001 to date, as per capital appreciation.

N100,000 will buy 50,000 units.

Year Bonus units
2001 50,000
2002 1 for 3 66665
2004 1 for 4 83331
2010 1 for 3 111105
2011 1 for 1 222210

50,000 units in 2001 have grown to 222210 units in 2013. CAP now sells at N37.00 per share.

The investment of 100k in 2001 is now worth N8.2 million in 2013.

NB: i did not buy 50,000 units in 2001, I used my leave bonus and savings to buy 10,000 units 2001.

Those of us who bought stocks between 2000 and 2003, should give a break down of their stocks performance from 2000/2003 to date.

Benjacky: Shares holding in Nigeria is not for the greedy. The vulture is a patient bird. Always use your own fund not borrowed. I bought 10000 GTB during IPO in 2001 for 51000. Still holding them. Has collected over 250000Naira as dividend and has has 70000shares due to bonus. Not bad I believe.

That N51,000 will buy 14,500 units of First Bank Shares in 1993. The 14,500 units would have grown to 783,000 units in 2013 valued at 15.2 million naira.

Benjacky: Shares holding in Nigeria is not for the greedy. The vulture is a patient bird. Always use your own fund not borrowed. I bought 10000 GTB during IPO in 2001 for 51000. Still holding them. Has collected over 250000Naira as dividend and has has 70000shares due to bonus. Not bad I believe.

Traders make money in the stock market, but people with the serious money and heavy portfolios that run into hundreds of millions and billions of Naira are the patient long term investors.

Benjacky: Shares holding in Nigeria is not for the greedy. The vulture is a patient bird. Always use your own fund not borrowed. I bought 10000 GTB during IPO in 2001 for 51000. Still holding them. Has collected over 250000Naira as dividend and has has 70000shares due to bonus. Not bad I believe.

Nothing beats long term investment in a well managed company. Your N51,000 investment in 2001 is now worth about 1.7 million Naira

mercylicious: Wema forcasts result- souce -proshare.
Magic is already happening to d price on d exchange.

Lat us see how the magic works, I used to be a specialist on this stock.

elvis10ten: Xmx Me started in my father's rented room. I enjoy free space and room from him.

That is very good for a start, just keep on reinvesting your profit, make good use of credits and maintain high integrity in your business dealings the Sky will be your limit in the next 10 years.

stockbull: what do you try to say "<
Where were you when Wema Bank sold for N15.00k in 2008.>

Wema and Unity are the worst performers among the quoted banking stocks, when you look at performance and returns on investment over the last 10 years.

sellydion: @manie You have really been in this business for a long time. Two things rule the market fear and greed. So you did not sell when you suppose to sell you still held on till it became difficult to sell in 2008 and sustain heavy lose. I sustain some lose too in 2008 but I sold off when I notice things are no longer bull forever. The same will still happen as usuall some bought at the apex of the move, despite fundamentals they are yet to recover.

Price is important in stock selection. fundamental technical or speculation is built into it. If WEMA did not go under like Oceanic, Intercontinental etc , solvency issue is not there again, toxic assets have been cleared. Above all the general economy is recovering from collapse , crash, or recession. The stock will do well for early entry or position at reasonable price. However bank stocks generally is not something you hold for a long term. The guys do so many hidden things!! bubble must burst, CBN governors keep changing policies from now and then. When you make decent gain cash out you can only rest with one eye still open with great food/beverage or service companies with good history of bonus ,dividend,Year on year increase in revenue, mergers . Amean almost monopoly in its area of ops. I know we all know these things but we are always carry away by emotion and quick money (Fear and Greed)

Do you know that Wema bank was on technical suspension for over 3 years, I have been trying to sell for the past 5 years just got a buyer in February 2013.

As per holding a bank stock for long term, ask the holders of FBN shares since 1993. 1000 units of FBN shares valued at N3500, has grown to over 54,000 units valued over 1 million Naira this does not include dividend of about 100k received over the last 4 years.

[quote author=val_dubem]Ok[/quote]You suppose pay consultation fees.

manie: Go into real estate in a city like Lagos. Starts by buying land,make sure you have title document to the land. Survey the land and have a good layout for the land, after this you can sell the land at a margin of 25% to 30%. Make sure you reserve about 30% of the land for investment purpose.

Make sure all your transactions pass through the bank, do not forget to have a good relationship with your Bank manager. After selling the land to recoup the initial investment of 1 million dollars, and having another 30% of the land in your custody. You can approach your bank for a loan of about 500k dollars for a start, in a couple a years you should be controlling a real estate portfolio of about 20 million dollars.

I have a bias for stocks, although i am also into real estate. With the current state of the stock market, I will commit 60% of the money into my preferred stocks, and use the remaining 40% for real estate. Will do real real estate trading, and use my profit for long term investment in property.