EarlyCareer:


True, Sim had big plans for Jumia though, its unfortunate. Tayo has managed Paga so well

Sim used to be Konga not Jumia. Jumia was Tunde Kehinde. He was kicked out then started a couple of ventures. He’s now doing Lydia. An SME loan fintech

EarlyCareer:


Well, I guess there should be an idle timeline. Some take much longer though, Tesla took much longer. Even now, some people still question whether or not they are.

Some will take forever

Check out banks that acquired other banks how many of them are doing great. They are suffering from buyer's remorse, they overpaid for the acquisition.

Ecobank has not recovered from the acquisition of Oceanic, Access is one of the least efficient eventhough it is very big after acquiring Intercontinental Bank and Diamond bank

EarlyCareer:


Boss, make we make money first. Not so young though, but everyone has a target to aim for before certain life decisions.

Na the 90% shock me. Na why i made the post. If you keep 90%, how you dey take survive with 10%?.

Lazyyouth4u:


Sir/ma, I hope you are a Naira billionaire o

Even if na naira.No be moi moi to become billionaire for naija.Dont mind some people they are just like the motivational speakers.

Seconded!

Biafran4life:
Even if na naira.No be moi moi to become billionaire for naija.Dont mind some people they are just like the motivational speakers.

NL1960:


Na the 90% shock me. Na why i made the post. If you keep 90%, how you dey take survive with 10%?.

My oga, person wey dey collect 3m or 5m go survive well with 10% na.

300k to 500k dey enough to live well in a month and still get side chick sef

Fear those Shell people o

Lazyyouth4u:


My oga, person wey dey collect 3m or 5m go survive well with 10% na.

300k to 500k dey enough to live well in a month and still get side chick sef

Fear those Shell people o

NL1960:


Na the 90% shock me. Na why i made the post. If you keep 90%, how you dey take survive with 10%?.

Do you know the size of the 10%?

I know someone who invests 100% of his salary, lives and pays bills from his Investment income . Started from 10% and graduated it to 100% over a period of 20 years

Lazyyouth4u:


Sim used to be Konga not Jumia. Jumia was Tunde Kehinde. He was kicked out then started a couple of ventures. He’s now doing Lydia. An SME loan fintech

my bad. True. another fintech...

emmanuelewumi:



Some will take forever

And close shop eventually... truthfully, many many start ups will die.

Biafran4life:
Even if na naira.No be moi moi to become billionaire for naija.Dont mind some people they are just like the motivational speakers.

No be moi moi to get a networth of $1 million in the US.

Lazyyouth4u:


My oga, person wey dey collect 3m or 5m go survive well with 10% na.

300k to 500k dey enough to live well in a month and still get side chick sef

Fear those Shell people o

Per month or per annum?.

Anyway, the post was made with respect of the guy not yet in the high earning bracket.

emmanuelewumi:


Do you know the size of the 10%?

I know someone who invests 100% of his salary, lives and pays bills from his Investment income . Started from 10% and graduated it to 100% over a period of 20 years

I did not consider this. My post was on the assumption that he lives and pays bills from his salary.

NL1960:


Na the 90% shock me. Na why i made the post. If you keep 90%, how you dey take survive with 10%?.

Haha, well, to God be the glory, some jobs pay quite well, and if you live below your means, it is very sufficient.

emmanuelewumi:



No be moi moi to get a networth of $1 million in the US.

What of all these crypto guys

emmanuelewumi:
Check out banks that acquired other banks how many of them are doing great. They are suffering from buyer's remorse, they overpaid for the acquisition.

Ecobank has not recovered from the acquisition of Oceanic, Access is one of the least efficient eventhough it is very big after acquiring Intercontinental Bank and Diamond bank

Lol. Not all acquisition is for profit though. Some are strategic acquisitions. Stripe obviously didn't buy Paystack because they wanted to cashout.

Stripe is worth $90bn, so Paystack is just like 0.2% of Stripe. It's like someone with 10m can afford to use 20k to invest in something very high risk.

Facebook bought WhatsApp for $19bn even though the owners wanted to sell for $16bn. Guess what, WhatsApp has generated zero revenue.

So no be everything them they buy for profit. Stripe now has access to African data through Paystack. The payment pattern of all you here is in their database

Paystack was the fastest way Stripe could break into Africa. That's why they made the purchase. All that revenue stuff don't apply.

Facebook has the data of all of you here, because it would be almost impossible that you guys are not on Facebook, WhatsApp or Instagram.

So not all purchases are for the purpose of profit.

I think emmanuelewumi you once said Seun bought you people's stock market forum and then shut it down. Shey that one resemble wetin him wan use cashout...

Tobex4realTobex234:
Paystack was the fastest way Stripe could break into Africa. That's why they made the purchase. All that revenue stuff don't apply.

Facebook has the data of all of you here, because it would be almost impossible that you guys are not on Facebook, WhatsApp or Instagram.

So not all purchases are for the purpose of profit.

I think emmanuelewumi you once said Seun bought you people's stock market forum and then shut it down. Shey that one resemble wetin him wan use cashout...

This guy you too like data

Well its still for monetary return in the long term. They would sell that data to retail firms and other companies

afroxyz:


This guy you too like data

Well its still for monetary return in the long term. They would sell that data to retail firms and other companies

That's an intelligent point though. But it's always not for immediate profits as Oga Emma has pointed out.

Microsoft purchased GitHub and then made it free. This na GitHub wey don they generate revenue tey tey. It might be a way for Microsoft to entice devs to develop more on the Windows platform but certainly not for any profit in the next 20 years.

Tobex4realTobex234:


That's an intelligent point though. But it's always not for immediate profits as Oga Emma has pointed out.

Microsoft purchased GitHub and then made it free. This na GitHub wey don they generate revenue tey tey. It might be a way for Microsoft to entice devs to develop more on the Windows platform but certainly not for any profit in the next 20 years.

More users on microsoft platform, more revenue. The same way Microsoft made their Microsoft Teams free to crush competition from Slack. But if you look at it in hindisght, by making Teams free, you actually draw more users to Office Suite

afroxyz:


More users on microsoft platform, more revenue. The same way Microsoft made their Microsoft Teams free to crush competition from Slack. But if you look at it in hindisght, by making Teams free, you actually draw more users to Office Suite

More users translate to more revenue if they are paying ni oo. If na zero naira, it's just more wahala for you ooo.

Nothing will make me use Windows ever, even with the new free GitHub.

afroxyz:


More users on microsoft platform, more revenue. The same way Microsoft made their Microsoft Teams free to crush competition from Slack. But if you look at it in hindisght, by making Teams free, you actually draw more users to Office Suite

I don't know your industry, but would you leave Slack for Microsoft Teams?? Be truthful oo

Tobex4realTobex234:
Paystack was the fastest way Stripe could break into Africa. That's why they made the purchase. All that revenue stuff don't apply.

Facebook has the data of all of you here, because it would be almost impossible that you guys are not on Facebook, WhatsApp or Instagram.

So not all purchases are for the purpose of profit.

I think emmanuelewumi you once said Seun bought you people's stock market forum and then shut it down. Shey that one resemble wetin him wan use cashout...

This is insightful. However, the ultimate goal of any company/organisation is to make money, that is profit. Anything outside that, you are an NGO or such related organisation.

The core of capitalism is money making, either to crush competition, to sell to competitors or to beat competitors.

The sole aim is money, bro

EarlyCareer:


This is insightful. However, the ultimate goal of any company/organisation is to make money, that is profit. Anything outside that, you are an NGO or such related organisation.

The core of capitalism is money making, either to crush competition, to sell to competitors or to beat competitors.

The sole aim is money, bro

I agree boss. Na Accounting 101 be this. Stakeholder satisfaction. But it's not always an immediate focus.

Facebook bought WhatsApp almost a decade now, and they have intentionally made zero dollar from it. If they start putting ads in WhatsApp next year, they will be on their way to making money from it. If they don't, they already have WhatsApp in the bag as portfolio.

Nezzjnr:

What of all these crypto guys

What is there percentage compared to the general population

emmanuelewumi:



What is there percentage compared to the general population

That is even confusing... A lot have crazy amount of cash in their portfolio.

Why is it hard to turn it to real cash

Nezzjnr:


That is even confusing... A lot have crazy amount of cash in their portfolio.

Why is it hard to turn it to real cash

A lot is vague. If you say, 5 million people have crazy amount of cash in their portfolio ie $1 million and above.

That should be about 1.7% of the US population

emmanuelewumi:


A lot is vague. If you say, 5 million people have crazy amount of cash in their portfolio ie $1 million and above.

That should be about 1.7% of the US population

Even in Nigeria here

I saw a screenshot on Twitter

The person's portfolio was about 500 billion in Naira

Tobex4realTobex234:


I don't know your industry, but would you leave Slack for Microsoft Teams?? Be truthful oo

Honestly, for now no. But what's stopping them from improving? Look at what FB did with Reels when compared to TikTok. Even Slack acknowledged Microsoft as a competitor.