₦airaland Forum

HOEdogwu

Mad ooh �

MirthOsas:
Hey Diary

I created you to keep track of my progress as I venture into learning software/web development and eventually become an established developer.

Today I downloaded a course: The Ultimate Full Stack Web Developer Bootcamp by Kalob Taulien. Going through the contents, Kalob advised that one of the best editors is VS Code, so I downloaded it too.

So far, I have learned how to customize the VS Code editor; create an html file; add the html, head, title, body, bold, italic and underline opening and closing tags. I also learned how to link different pages both internal and external.

Tired already, see ya tomorrow my dearest diary.


P.S: Special thanks to the ogas at the top, the likes of @tensazangetsu20. Going through your thread on the languages newbies should learn was a huge source of motivation. I'm grateful boss.

I should learn from this

trutharena:
Whilst this was going on, SARS too were dealing with people. When one of his stans put him on the spot over Akwuzu, he turned to Ogogo.

He will go on ARISE and say it's because Nigeria is not providing jobs, that's why crime rate is on the rise. Agreed but which ones did he provide as governor or how did his state become a kidnapper's haven? Evans was operating there before he migrated to Lagos. Someone that did not think pensions was important till an elderly woman seized his bible. He has shamelessly told this story repeatedly because he knows Nigeria place a premium on entertainment, humility & religiosity. "Aw, he still goes to Mass", "No bodyguard?" "hehehe" mschew

Who ever that brought this thing here on nairaland is maddd
This same person was shamelessly trashed on Twitter for trying to undermine Peter Obi and he/she couldn't even defend himself/herself on the disjointed malicious and concorted evidence.
Knowing fully well how biased nairaland is on issues like this.. They now brought it here.
I dey laff u shaa

Keeff:
When we started out, we both agreed on her not dressing provocatively or giving negative impression( nose rings, double necklaces and legchain). She stopped the legchain she was using at that time, the relationship is two years old now and she now insists she wants to be using it and her mom who is a single mom doesn't see anything bad in it and believes it's all fashion. Both mother and daughter are the party types, always want to attend parties, I think her mother influenced her on that and now we having serious issues because I told her I can't allow it and I'm on the brink of losing her even tho we've been through a lot together and she even already aborted like twice for me.
Dunno what to do

You condemn her for wearing legchains which is trendy for her as a woman whereas you both have already committed a worst sin(abortion)
Judeg her based on how she treats you and personal morals and not this flimzy excuse.
You might not even be better than her

CriticMaestro:
So my girlfriend wanted to use my phone to call her mom last week during the brief black out, While going through the phone she saw apps that were to prepare someone to migrate as a skilled worker into some european countries.

She immediately got pissed and was just shouting that i was planning on leaving her without informing her. The truth is i downloaded those apps to see if i could get a better opportunity abroad but have never opened any of them.

It took some explaining before i was able to convince her that i wasnt planning to leave or atleast anytime soon. I deleted those apps and will just browse stuff about it on my PC when i'm free, if i get the chance to go i will maybe help her to work her way when i am comfortable.

Abeg tell me the names of the apps let me use it and prepare..... Na mumu dey reason girlfriend matter
Pls what's the names abeg

bornwell12:
UK �� Job, you can do from your home country. £37,756 Annual | Work from home

https://www.youtube.com/watch?v=OO1wzldwTZU

Pls how can I get this jobs?

posty56:
or he could buy dividend stocks capable of netting him $10,000 per month , as you said, information is po we r but I no get that kind money yet

Are well knowledged on this dividend stock of a thing?

Zodtom:
Just 2k per code

OK I would pay 1k
Write me on whatsapp 09075038283

cRobo:
Lost $247,000 on Binance

Now watch some idiot quote me and question the amount

You all change your fvcking poverty mindset

(Modified: i already pulled out the little left because I'm not buying no fvcking dip any more neither will I HODL)

I'm too young to die of High blood pressure

Well

I won't say a word

Sorry about the loss bro but do u know if you had invested just $5000-$10000 of that amount in binary trading, you'd be making not less than $100-$150 everyday on ur own without?
Information is power

Scientists:



Advice needed

The fvck is this??
Guy u are crazy

Uuii:
Automating binary trading

Please what's the minimum amount I will need in my binary account to be able to comfortably trade and make profits with the touch scraper bot?
And how accurate is it?

Zodtom:
Just 2k per code

And I will be free to use the number to chat?
Write me on whatsapp

Zodtom:
US numbers available to receive code for your open ups. You can use the number to create any app, account or mail. It is Non. VOIP numbers that is you can use it to create apps like Google voice, whatsapp, Facebook, Instagram, Gmail, Tinder, tiktok, POF, snapchat. Etc


Contact my Hotline or whatsapp to get a number

How much plss

ezenwaez:
Lots of Npower Batch C Volunteers have been wondering why their November payroll status was removed, infact majority of the N-Power Batch C Volunteers felt that something was actually wrong with their payroll tab thinking they will not be paid for November.

The reason for the withdrawal of the November payroll status is just to satisfy NPower Batch C Volunteers better, as earlier discussed, the N-Power payment process is done separately and will be dispatched likewise, in a nutshell the payment will be made month after month and not jointly, after the payment of October stipend which will start soon the November stipend follows likewise, this method of payment allows for convenience and eliminates any form of congestion, payment errors and bottle necks when the payment actually starts.

NPower volunteers having the pending status will definitely be paid, after the pending the next stage has to be processing, then to paid finally, all N-Power Batch C Volunteers should take note, you can only be paid the moment your payroll status changes to PROCESSING, all N-Power Batch C Volunteers should ignore other volunteers claiming to have been paid while their payroll status is pending, please this is not the procedure for payment.

I have just received mine but the alert message reads "nasim suspense ac"
Pls I don't understand what this means
Happy new year to everyone

Tea and bread

meobizy:
The main question was if I had a goal to begin with. I’m a simple person, adding a new age in 2022 is enough achievement for me. Every other thing will fall into place as time passes.

I love ur confidence abeg

No

dyingheart:
we dated for five months. i showed him so much love and care. all he did was complain it wasn't enough, he wanted to date someone else. we're not talking anymore. i miss him like mad. i can't sleep, i can't eat, i can't do anything. it's like my heart has been broken into a thousand pieces. i can't breathe anymore. someone talk to me


****abeg, the man in question is not a Nairalander. cheating was from his part. i was very faithful to him.

My sister sorry about your predicament.. Exactly what favor did to me, after loving and giving her so much but I don't regret anything
Love is scam...... Be strong and move on

Venture capital and private equity firms don’t have the monopoly of investing in startups. Many upwardly-mobile professionals and high net worth individuals (HNIs) can invest in startups as angel investors, too. But they are faced with some challenges.

People looking to diversify their investment portfolio through angel investing are often oblivious to the most lucrative deals. And when they are aware of these deals, the size of their cheques might be too small to participate in the funding round — usually pre-seed, seed or bridge round. Also, because Nigeria has no policies or regulations on angel investing, first-time investors are susceptible to unscrupulous founders.

This guide is for anyone with some disposable income — about $3,000 — who wants to be an angel investor.

Who is an angel investor?
An angel investor, according to Investopedia, is someone with excess funds looking for a higher rate of return than those provided by traditional investment opportunities so they invest at the early stages of startups.

Angel investors are also known as angel funders, private investors, seed investors or business angels. They provide early-stage startups with capital in exchange for ownership equity or convertible debt. And their term sheets are usually more favourable compared to other sources of funding for startups. Angel investors often invest as a way of supporting the founding team and as such, they focus on helping the startup take its first steps rather than on their returns on investment.

But this does not mean angel investors are philanthropists or do-gooders. They are in it for the money, too. Jason Lemkin, the founder of Saastr — a leading community of SaaS founders, said a true angel can lose 100% of their investment and not care that much. "They are hunting for that one out of 50 that gives them a 100x+ return. The others don’t need to", he added.

Angel investors are different from venture capitalists (VCs) and limited partners. Limited partners (LPs) are investors in venture firms and they can be individuals or organisations. They are often institutional investors such as pension funds, college endowments, trusts, insurance companies, family offices, sovereign wealth funds, finance and development institutions. VC firms and angel investors can also invest in other venture funds as LPs.

How do angel investors make money?
Angels expect returns on their investment but they are not greedy.

The process through which angels — or any startup investors — make money is called exit. And it can happen in three ways: acquisition, secondary sale, and initial public offering (IPO). I’d give three examples to explain these options.

First is Stripe’s acquisition of Paystack. The deal was announced in October 2020 and closed in January 2021. Tizeti CEO Kendall Ananyi was one of the angels who invested in Paystack in 2016. After the acquisition, he said, "Paystack was a 20x return on my initial investment in dollars and even had a greater exit in pure naira terms (49x) since I invested in Q1 2016 when the exchange rate was still ₦200 to $1 and the exchange is now ₦490 to $1".

The second example is the secondary sale transaction carried out by Twiga Foods. When the business-to-business marketplace closed its $50 million Series C round in November, early investors also received $30 million through a secondary sale.

Lastly, Jumia’s IPO. MTN Group sold 11.7% of its 29.7% stake during the public listing process of the African e-commerce company. The 11.7% stake was sold for $180 million and the remaining stake was later sold for $220 million. MTN made about $157 million from its $243 million investment in Jumia.

In general, angel investors usually expect to receive their money back within five to ten years with returns of 20% to 40%. An analysis of the Kauffman Foundation Angel Returns Study and the NESTA Angel Investing Study, however, shows the best estimate of overall angel investor returns is 2.5 times their investment. That is, an investment of $100,000 would return $250,000.

How to be an angel investor with less than $3,000 (₦1.2 million)
Startups prefer to accept cheque sizes of $25,000 to $100,000 from angel investors. But there are three ways people who have less than that amount can still do angel investing. They can:

Join a network of angels
Join a syndicate or angel group/club
Use platforms like GetEquity, WeFunder, SeedInvest, etc.
Again, before considering the three options in detail, these are some of the reasons why you should be investing in African startups if you’re flush with cash. Africa needs more angel investors who will provide the seed capital startups need to move from the idea phase to the growth phase. In 2018, for instance, VCs invested $135.5 million in Nigerian startups, while the most active network of angels in the country invested only $1.5 million.

In addition to the returns on your capital investment, you also get social returns. Because no one can predict what startups will succeed or fail, Alex Danco of Shopify Money said, angel investing provides a bragging platform. It is half "I saw this potential when none of you did" and half "I was invited to this deal and none of you was". Alex added that social returns aren’t just a happy side effect to angel investing; they are often the main thing people are really after.

Unlike financial returns that might take five years or more, social returns are immediate. They also get reinforced with follow-on fundraises. And in the worst-case scenario where the startup fails, if handled properly, angel investors would still get a lot of goodwill and recognition out of it.

Now, let’s consider the three ways anyone can become an angel investor with less than $3,000 (₦1.2 million).

1. Join a network of angels
A network of likeminded-investors provides structure and systems that make angel investing easier. By joining a network of angels, you would get access to deal flows, training, syndicates and support organisations.

The Lagos Angels Network (LAN) is the foremost network of angel investors in Nigeria. It was co-founded by Tomi Davies in 2012. Tomi said the network started with five angels and some supporting organisations including Paradigm Initiative Nigeria, Co-creation Hub, Wennovation Hub, KC Lions, Nokia, Digital Bridge Academy, and Mobile Monday.

While Angels are directly exposed to individual entrepreneurs and ventures through LANs sourcing and dealing process, the network strongly advises its angels to invest as a group to leverage their funding, relationships and expertise that’s made available to the investee startups and in so doing also build their portfolio of companies to the numbers required for success as an angel investor. Whilst historically LAN members may have lost money to unscrupulous entrepreneurs, today as Syndicate members with the deal sourcing and due diligence process of the network at their disposal, it’s become an increasingly rare occurrence.

— Tomi Davies, co-founder of the Lagos Angel Network
Other angel networks have emerged across Nigeria since the LAN was launched almost a decade ago. Some of them are Abuja Angels Network, Diaspora Angel Network, and South-South/East Angel Network.

There are also angel networks across Africa. The African Business Angel Network (ABAN) is the foremost continental network of angels and Tomi Davies is also the founding president. The ABAN was started with the LAN, Cameroon Angel Network, Ghana Angel Investor Network, Venture Capital for Africa, Silicon Cape, and other supporting organisations including the European Business Angel Network, the LIONS Africa Partnership and DEMO Africa.

Carthage Business Angels in Tunisia, The Cairo Angels in Egypt, AngelHub Ventures in South Africa, and Viktoria Ventures and Angel Investment Network in Kenya are some of the other angel networks in Africa.

However, you don’t have to join multiple networks. As an angel investor in Nigeria, you can join any of the networks across the country or the ABAN. You can also attend high-level events like the AFSIC — Investing in Africa Conference and Expo and the Africa Tech Summit to network with other investors.

According to the Angel Investing in Africa report released by the ABAN in 2018, networks and other angel initiatives use varying operating models. Of the 33 angel investing initiatives surveyed across 22 African countries, 31% provide primarily introductory services, 31% provides structured processes for investment sourcing, 4% operates through clusters of groups like syndicates, and another 4% use the pooled investment vehicles operating model. The remaining 23% either didn’t state their operating model or use other sorts of models.

It’s therefore pertinent to examine the operating model of the angel networks and join only the one that’s best suited for you and your goals.

2. Join a syndicate or angel group/club
People — even those with the best intentions — often confuse syndicates with angel groups or clubs. An angel group is comprised of investors who agree to invest together in a startup. Whereas, a syndicate provides an opportunity for investors to participate in the deals of a professional lead investor. And the angels would pay the lead investor carried interest — a percentage of their returns on investment.

For instance, if the lead investor charges a 20% carry and you invested $2,500. After a successful exit with 2.5x returns ($6250), you’d first receive your initial capital of $2,500 and the lead investor would remove their 20% carry from the profit. That is, 20% of $3,750 which is $750. You’d walk away with $3,000 as your effective returns on investment.

To an extent, angel groups or clubs are unstructured syndicates. An angel investor with $2,500 can convince nine other people in their network to pitch in to raise $25,000 that can be invested in any startup.

Both syndicates and angel clubs have pros and cons. People like to join syndicates because the leading investors are usually professional investors with experience and success. But the carry and subscription fee syndicates charge make angel clubs the better option for some investors.

"Angel investing diligence is much less structured than VC diligence, which takes months. The four components are financial diligence, operational diligence, technical diligence and legal diligence. That’s why they take so long. And most VCs will outsource one or more of those to third-party firms", the co-founder of Startupbootcamp, Zachariah George, said.

Angels don’t have time for that. They have a one or two-hour call with the founding team. And the questions they need to be asking are — how big is this market? What are the average margins? Who are your biggest competitors? And angels get a lot of that done by investing in syndicates. I would suggest being part of a group where you have people with varying expertise.

— Zachariah George, co-founder of Startupbootcamp
These are some of the many angel groups/clubs and syndicates across Nigeria and Africa angel investors can join: Rally Cap Ventures, Hoaq Club, Future Africa Collective, Tekedia Capital, CcHUB Syndicate, Investzilla, and FDHIC Catalyst Fund.

i. Rally Cap Ventures is a collective that enables "operators and founders to collaboratively invest in the best early-stage emerging market fintechs". According to its latest deck, Rally Cap charges a one-time administrative fee and a 12.5% carry.

ii. Hoaq Club is an investment group of "creators and operators backing entrepreneurs in building scalable businesses for Africa and its Diaspora". The minimum investment is $1,000 and there’s no limit to the multiples of $1,000 investment you can make.

Special love & s/o to the key players that made this happen �
- @Babajiide & @haydenalcalde - @RallyCapGlobal
- @NubiKay & @joekinvi - @hoaqclub
- Amazing partners & syndicate deals

Also thanks to all the startups that have included us in their journey and growth.

— Yewande O (@yewiedewie) May 6, 2021
iii. Future Africa Collective is a syndicate that allows you to "invest alongside the Future Africa team on a deal-by-deal basis". It charges an annual subscription fee of $1,000 or a quarterly subscription fee of $300 and a 20% carry. The minimum amount you can invest is $2,500.

iv. Tekedia Capital is an investment firm that provides a syndicate "for individuals, institutions and investment groups anywhere in the world to invest at least $10,000 in technology-anchored companies with a focus on Africa". It charges an annual subscription fee of $1,000 or ₦430,000 and a 20% carry.

v. CcHUB Syndicate provides a platform for "investors all over the world to co-invest in the most innovative companies across Sub-Saharan Africa along with CcHUB". It charges a 15% carry and the minimum you can invest is $5,000.

vi. Investzilla is a syndicate launched by Jason Njoku in January 2021. It provides "access to 25+ investment decks and financials from some of the hottest technology companies in emerging markets. If you are conservative or short term investor, this community is not for you". The membership fee to join is $500 and the minimum investment is $5,000. Investzilla charges a 20% carry.

vii. FDHIC Catalyst Fund connects "qualified investors with investment opportunities in the fintech and healthtech space". These qualified investors include both individuals and corporates.

Individual investors are charged an annual subscription fee of $1,000 or a quarterly subscription fee of $300 and their minimum investment is $2,500. Corporate investors are charged an annual subscription fee of $3,500 or a quarterly subscription fee of $1,000 and their minimum investment is $4,000. The FDHIC Catalyst Fund charges a 20% carry and deducts 1% of each investment to cover the legal and administrative costs of investment.

3. Use platforms like GetEquity, WeFunder, etc.
One of the reasons you should consider investing with other people is to ensure you’re not making emotional investment decisions. However, if you’re up for it, these platforms allow you to invest directly in startups with as little as $100. This is possible through private equity tokenization.

One of the reasons startups don’t accept piecemeal capital from angel investors is because it’d be difficult to manage their cap table. But with these platforms providing tokenized equities, companies can easily manage their relations with small money investors.

i. GetEquity was founded by Jude Dike and William Okafor in January 2021. It provides access to new investment opportunities and enables individuals to trade in digital security assets and invest in small and medium enterprises and startups. You can create an individual, company or syndicate account on the platform.

An individual account allows you to buy and sell company shares or assets. A company account allows you to list company shares and create deal rooms to give tokens (equity) to your employees or members. And with a syndicate account, you can have members who trade these tokens among themselves. GetEquity charges investors a token (pun intended) in trading fees.

ii. WeFunder provides a platform for anyone to invest as little as $100 in startups they care about. Because the company is based in the United States and targets Americans, payments and identity verification might hinder angel investors in Nigeria and Africa from using the platform. However, Wise (formerly TransferWise) and other online money transfer platforms are good workarounds for payments.

WeFunder charges investors a 2% fee — minimum of $8 and maximum of $100 — on payments made through banks, wires or cheques. And it charges a 3.5% fee on credit card payments.

iii. Other platforms include SeedInvest, Republic and StartEngine

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iLegendd:
I'm officially the laziest person of 2021. See Why.

In 2021, I don't think I have left the house more than 30 times. I didn't sweep/clean up to 30 times. Someone does it for me.

I don't work because I'm too lazy to wake in the morning, shower, dress, and go to work. That lifestyle is boring and stressful. That's slavery.

I'm f*cking lazy, so I stay at home 24/7. To reward myself for my laziness and for being jobless, I bought more plots of land.

My mom called me yesterday and said she found a good land and instead of me to dress and go check it out, I just transfered money for her to buy it and went back to bed.

Haters, I used to be broke just like you, but I worked smart day-n-night while you were busy watching porn, surfing Facebook, and abusing innocent people online thinking they're the cause of your frustrations.

Don't feel oppressed. When we all die, no one is going to Heaven or Hell with their properties, material things or Bitc.oin wallets.

Be wealthy, but your salvation matters too.

I'm a pastor-to-be. I'll soon open a worship center, but only girls will attend — they'll all be on mini-skirt and G-string. It's not about your dress code, but your heart.

Men won't be allowed because most men easily get jealous and envious when "money" is involved. They always feel the other man is oppressing them, so they'll find a way to kill him.

The heart of men is evil. Women only get jealous when "love" is involved. The heart of women is evil too, but not as terrible as men.

Prove me wrong and get 5k recharge card.

For my haters, abuse me and get 1k recharge card. This particular offer is only for haters. I love them.

Boss I wan be like you ooh, please put me through nah

Landmack:
I can't wait to resume work soon to blast my manager and in turn he will tender it to HR and Co.

25k shopping voucher for a company as the one i work in. Still couldn't believe it.

Meanwhile,a previous workplace lower than the current gave a ram and half bag of rice last Christmas.

i really want to read gists about Christmas bonuses in ur respective workplace. Was the money/gifts disbursed accordingly? or your boss played office politics and cornered a greater chunk of the money/gift?

Did u receive yours with enough grudge?

or u received with Christmas joy and gladness?

Season greetings Nairalanders!

Additional 1500....that my Boss is too kind
God will blast him for me

Ryts:
This

Pls am interested in this... Can u share the link here?
Or maybe write me on whatsapp pls
09075038283

Ktosin753:
Try trading Forex, Binary or crypto.
You can also try Transcribing using your phone.
Solving captchas with your phone can earn you money.

Pls I'm interested in learning any of these that can fetch me money
Seriously life don dey taya me

toolate2fail:
As for me it was a cool one we both love each other, the year to us was a romantic year we are married together with 2 kids.
Just that financial burden is mostly on me but I am not complaining, I thank God.
2022, I have some plans and I know with God help we will achieve them. Tell us about ur wife/ boi/ girl friend How will u rate your love life in this 2021.

The year started off very cute for me when I met this wonderful soul, after being single for almost 2years finally 2021 gave me a chance to love again and just last week oh, I lost her again to someone who's more financially ready after everything I ve done.
Nothing Sapa never do me this year

Investorozay:
OK
Send me a pm

I just did

Investorozay:
Online trading

Pls can u teach me?

pomatol150:
Who's ready to make $30 per hour using Google Translator
Let's make some money this December
I'll teach y'all for free
Comment your email below for the link

Yummiafrica@gmail.com