₦airaland Forum

Ammishaddai:
[s][/s] Oga shut the hell up!!! What do you know about a family...? So because he's out of a job his wife and the innocent children should starve abi...? Nonsense. Instead you telling him to get his lazy ass up to scrap around and hustle like a man, you're encouraging him to fold his hands here on Nairaland by looking for sympathy from people of his calibre . Nonsense. Later you'll say you're a man . Tueh !!!

blackslayer:
General question! I already forgot about Nigeria having any future so i've not been following anything going on there.
Are things really bad in Nigeria at the moment? Exceptionally bad? So why are the citizens not marching and demanding a better country?

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).

Shokoloko:
Venture capital is not another form of banking. A venture capital (VC) fund is a sum of money investors commit for investment in early-stage companies. The investors who supply the fund with money are designated as limited partners.

Tinyemeka:
VC firms are not banks. And the OP did not approach a VC firm.

einsteine:
Banks don't provide loans to start ups.

Stop saying what you don't know.

VC firms are the ones who provide funding for startups.

Banks only provide growth capital after you have proven viability and even so, most banks are collaterized or based on particular projects cashflow.

Shokoloko:
I have pulled out how the four entities you quoted started. Please take some time to read it as none were started with bank loans.
Thanks

Shokoloko:
In 1975, the 20-year-old Jobs and Wozniak set up shop in Jobs' parents' garage, dubbed the venture Apple, and began working on the prototype of the Apple I. To generate the $1,350 in capital they used to start Apple, Steve Jobs sold his Volkswagen microbus, and Steve Wozniak sold his Hewlett-Packard calculator

Did Bill Gates borrow money to start Microsoft?
Gates reportedly called MITS (the maker of the Altair 8800) from his dorm room and offered to create software for it. MITS readily accepted and both Gates and Allen set to work. By 1975, the pair sold the software (as the programming language "BASIC" to MITS for $3,000 plus royalties

Where did Larry Page get money for Google?
In order to further their search engine, Page and Brin raised about $1 million in outside financing from investors, family, and friends. They called their expanded search engine Google—a name derived from a misspelling of the word googol (a mathematical term for the number 1 followed by 100 zeros).

Did Jeff Bezos start with a loan?
Amazon.com: Founder Jeff Bezos got a $100,000 investment from his parents to start the famous online store.

Even foreign banks will want to see some small scale success.

You can see that the four entities you quoted were not funded with bank loans

Shokoloko:
Because banks do not have any money of their own. They hold other people's money you can only access a loan after you have succeeded in the business on a small scale.
I personally do not consent that the bank use my money to fund start ups or ideas.
In fact there is no bank shareholder will consent to that

AK481:
Any proof they are yahoo ?

OBALOLA55:
GOOD

THAT’S MY ALMA MATTER


FOR ONE NIGERIANISTS, WITHDRAW ALL THE MONEY YOU HAVE IN YOUR ZOO BANK ACCOUNT NOW THAT YOU CAN!!!


INVEST YOUR MONEY IN CRYPTO CURRENCY IN ORDER TO AVOID STORIES THAT TOUCH.


NIGERIA IS NOT WORKING AND IT CAN NEVER WORK.


SENSIBLE MALLAMS LIKE MALLAMI DON DEY INVEST IN CRYPTO SINCE 2018



SHINE YA EYES GUYS

PIMPAR:
Stop deciving yourself , no one in Yoruba land will vote for a tribal bigot like Obi.

PIMPAR:
You are right. He ruled Anambra, that was while Doctors went on strike for almost 13 months during Obi tenure .
Most of you have very short memories

Obi can only deceive gullible followers/ IPoB like una

IfnobeGod20:
The Air force is dealing with them both in Zamfara, Katsina and Kaduna, that is why their patron Gumi is lamenting foul play. Gradually all enemies of the Nation will go down 6ft.
Quick reminder, those that pray for the peace of Jerusalem, shall also live in peace.

enemyofprogress:
I’m still topping the league table shitting on Chelsea head

Reference:
The Premiership this season is looking even more competitive across board with a net improvement in coaching and player talent and at these early stages is harder to call than ever before. One big soap opera to look forward to.

DeckeyLyrical1:
ALREADY LIVE ON MY SIGNATURE

enemyofprogress:
Ronaldo tooked us to the top of the league table

DeckeyLyrical1:
STREAM LIVE ON MY SIGNATURE


LOW MB AND FREE

ON MY SIGNATURE

Legalcriminal:
Buy an island In Maldives.

And run a drug cartel in America

erubati:
U were asked to rate ur governor not past governor u demented fool

Snitch24:
My own governor dropped out of school
No result

ghettochild:
The company is based in Benin n they really have banked on the uselessness of Robb over the years...
There was one balm that time called BoKo...
That balm can kill an elephant...
3 days the spot u robbed it on still dey pepper u..
U will just be crying n somebody ask u why...
Imagine saying na since yesterday I don dey cry ooo.. I rob boko balm for leg...
The concentration of methyl salicylate in it was way beyond the approved dose