Fintech/tech Idea Needed For Up To £2.5 Million Pound Funding From VC Investor. by coder1205: 1:53pm On Mar 18, 2023 |
Hi, Do you have a (GREAT and SCALABLE) Fintech Idea or Business/ Consumer Tech related idea which is sustainable and can impact a substantial amount of people in Nigeria and Sub-saharan Africa as a whole? I am working with a UK/US based institutional venture capital investor with vast industry experience, who is looking for a scalable opportunity to invest within the region. Investors are willing to invest up to £2.5 million in Pre-seed/Seed Round. My email is paiks12055@gmail.com
Thanks. |
Re: Fintech/tech Idea Needed For Up To £2.5 Million Pound Funding From VC Investor. by truthCoder: 2:49pm On Mar 18, 2023 |
coder1205: Hi, Do you have a (GREAT and SCALABLE) Fintech Idea or Business/ Consumer Tech related idea which is sustainable and can impact a substantial amount of people in Nigeria and Sub-saharan Africa as a whole? I am working with a UK/US based institutional venture capital investor with vast industry experience, who is looking for a scalable opportunity to invest within the region. Investors are willing to invest up to £2.5 million in Pre-seed/Seed Round. My email is paiks12055@gmail.com
Thanks. CAVEAT EMPTOR. Do not discuss anything with him without him disclosing the VC he is working with and a certifiable power of attorney. After that, sign a proper non disclosure agreement with him before proceeding. You should verify any document he provides BEFORE discussing with him. At the end of all discussions, and after getting an insight into your idea dynamics, he would offer you a very ridiculous offer so that you would either be so angry and pull out or so stupid to accept. And that is the goal, so you leave but he has the ideas. Dont let them use baits to harvest your ideas. You have been warned. 14 Likes 1 Share |
Re: Fintech/tech Idea Needed For Up To £2.5 Million Pound Funding From VC Investor. by coder1205: 3:14pm On Mar 19, 2023 |
truthCoder: Thanks for your insights. FYI, I have actually started building 2 startups with the founders from scratch from this website since December of last year and all information is verifiable.
CAVEAT EMPTOR.
Do not discuss anything with him without him disclosing the VC he is working with and a certifiable power of attorney.
After that, sign a proper non disclosure agreement with him before proceeding.
You should verify any document he provides BEFORE discussing with him.
At the end of all discussions, and after getting an insight into your idea dynamics, he would offer you a very ridiculous offer so that you would either be so angry and pull out or so stupid to accept. And that is the goal, so you leave but he has the ideas.
Dont let them use baits to harvest your ideas.
You have been warned.
|
Re: Fintech/tech Idea Needed For Up To £2.5 Million Pound Funding From VC Investor. by Devaro: 10:52pm On Mar 19, 2023 |
truthCoder:
CAVEAT EMPTOR.
Do not discuss anything with him without him disclosing the VC he is working with and a certifiable power of attorney.
After that, sign a proper non disclosure agreement with him before proceeding.
You should verify any document he provides BEFORE discussing with him.
At the end of all discussions, and after getting an insight into your idea dynamics, he would offer you a very ridiculous offer so that you would either be so angry and pull out or so stupid to accept. And that is the goal, so you leave but he has the ideas.
Dont let them use baits to harvest your ideas.
You have been warned.
100 2 Likes |
Re: Fintech/tech Idea Needed For Up To £2.5 Million Pound Funding From VC Investor. by airsaylongcome: 11:00am On Mar 20, 2023 |
coder1205:
Thanks for your insights. FYI, I have actually started building 2 startups with the founders from scratch from this website since December of last year and all information is verifiable.
You have been posting about this "great and scalable" Fintech request since November 2022. What progress have you made since then? 2 Likes |
Re: Fintech/tech Idea Needed For Up To £2.5 Million Pound Funding From VC Investor. by coder1205: 12:17pm On Mar 20, 2023 |
airsaylongcome:
You have been posting about this "great and scalable" Fintech request since November 2022. What progress have you made since then? I have provided funding to a remittance platform (iOS and Android) from this site and also another platform with premium commercial features all with proof as they are still in building stages. I am not here to deliberate or validate your negative opinion or disbelief in yourself. If you know you are ready to scale or grow and you have a unique angle in your processes, then feel free to reach out. Thank you |
Re: Fintech/tech Idea Needed For Up To £2.5 Million Pound Funding From VC Investor. by truthCoder: 12:39pm On Mar 20, 2023 |
coder1205:
I have provided funding to a remittance platform (iOS and Android) from this site and also another platform with premium commercial features all with proof as they are still in building stages. I am not here to deliberate or validate your negative opinion or disbelief in yourself. If you know you are ready to scale or grow and you have a unique angle in your processes, then feel free to reach out. Thank you I have also gone to Mars and come back. I met a Jennifer Lopez clone and we had a nice time. Sending this message from the White House as a guest of Joe Biden. Putin would soon arrive as i plan to resolve the Ukraine-Russia conflict over a meal of Suya and Agege bread. 5 Likes |
Re: Fintech/tech Idea Needed For Up To £2.5 Million Pound Funding From VC Investor. by Maxxim: 12:48pm On Mar 20, 2023 |
truthCoder:
I have also gone to Mars and come back. I met a Jennifer Lopez clone and we had a nice time.
Sending this message from the White House as a guest of Joe Biden. Putin would soon arrive as i plan to resolve the Ukraine-Russia conflict over a meal of Suya and Agege bread. 😂💔💀 4 Likes |
Re: Fintech/tech Idea Needed For Up To £2.5 Million Pound Funding From VC Investor. by truthCoder: 3:13pm On Mar 20, 2023 |
After seeing the gaslighting attempt of the OP against airsaylongcome, I feel I owe it to members of this forum to give full disclosures about what I know about this 'acclaimed investor'.
TLDR: He claims to be a pre-seed investor and has access to UK VCs. He is just a hawk looking to fleece tech newbs off their ideas and prototypes, asking for 80% of equity for the pittance he is offering (if offering anything at all) so the person can either walk away or if dumb, be a slave to him all for nothing.
I saw one of his claims last year and I contacted him.
I have a fintech project which I am working on. Project is not generic as generic would not work in the region I intended to launch. I was on NL one day and saw his post, so I decided to contact him.
My mistake was that I assumed he was a passionate tech funder so I went into the conversation telling him bits and pieces of the project and some bits about the USPs. I did not request for details of his company, I did not sign an explicit NDA. I did not even see or know his authorisation to have such conversations on behalf of whomever he claims to be representing. He offered no legitimacy and I was dumb enough not to ask. The only 'credence' he had was a +44 WhatsApp number.
He claimed to have a team of coders ready to churn out any project at short notice. The only thing remaining was ideas.
He was interested in my project and straight-away wanted to know the 'nitty-gritty' of the idea. He was asking so many questions so I told him I would only be able to continue if we had an explicit agreement on our business relationship. If he liked my idea, he should tell me and we should discuss how the relationship would be. He said he liked the idea and is ready to be a part but can I answer just this other question.... He tried to prod around this but when I was insistent, he gave me his offer.
He proposed an agreement that takes over 80% of my company at pre-seed, with me handing over ownership and existing codes in return for him spending an undisclosed amount on getting more people interested in the business. I would still be in the company of course, pouring out my efforts into making the project work. He told me the 80% was his final offer.
It was not a buy-out. It was me simply signing away 80% of my company to a stranger who says he doesn't know how much he would spend but it is 'a lot' and I get nothing on day 1.
If I hand over 80% at pre-seed, please what will I hand over when the real VCs arrive? 80%!!!
I tried to reason with this 'investor' o but he was adamant, so I told him to move on. I saw my folly. The guy don play me street. I understood the 'catch-22' situation. No sensible person will give out 80% of a company for nothing. So he has a clean path to walk out and he leaves with the ideas you just discussed with hm. If you are dumb enough to accept, then you will be dumb enough to wait till a potential VC comes along who will take equity from his own 80% or do a buy out of the remaining 20% for chicken change.
I was lucky though, I did not share any code with him nor shared more than necessary. Some people would not be so lucky.
Now, don't get me wrong. He has a right not to like my project. He has a right to walk away. But he owes it to the the other party to say he was not interested. But asking for 80% of the company for no exact amount (which could range from cost of printing and photocopying the dumb agreement to nothing), it was an easy scam.
I moved on and was lucky enough to get real investors with proper structures from other areas and we would be launching soon. No serious investor asks for 80% for an undisclosed amount. Heck. I got $20,000 and a free USA company registration for 2% of another company.
When a girl is raped, most times she keeps quiet and the rapist feels more confident to rape another girl. When all raped girls come out to identify their abuser, maybe he would stop, maybe he won't, but other girls would know what they are entering if he invites them to his room.
NB: He opened this NL account and the email strictly for this. He is not on LinkedIn nor is associated with any company of repute in the UK or anywhere else. He is a ghost. 14 Likes 2 Shares |
Re: Fintech/tech Idea Needed For Up To £2.5 Million Pound Funding From VC Investor. by coder1205: 12:22am On Mar 21, 2023 |
truthCoder: After seeing the gaslighting attempt of the OP against airsaylongcome, I feel I owe it to members of this forum to give full disclosures about what I know about this 'acclaimed investor'.
TLDR: He claims to be a pre-seed investor and has access to UK VCs. He is just a hawk looking to fleece tech newbs off their ideas and prototypes, asking for 80% of equity for the pittance he is offering (if offering anything at all) so the person can either walk away or if dumb, be a slave to him all for nothing.
I saw one of his claims last year and I contacted him.
I have a fintech project which I am working on. Project is not generic as generic would not work in the region I intended to launch. I was on NL one day and saw his post, so I decided to contact him.
My mistake was that I assumed he was a passionate tech funder so I went into the conversation telling him bits and pieces of the project and some bits about the USPs. I did not request for details of his company, I did not sign an explicit NDA. I did not even see or know his authorisation to have such conversations on behalf of whomever he claims to be representing. He offered no legitimacy and I was dumb enough not to ask. The only 'credence' he had was a +44 WhatsApp number.
He claimed to have a team of coders ready to churn out any project at short notice. The only thing remaining was ideas.
He was interested in my project and straight-away wanted to know the 'nitty-gritty' of the idea. He was asking so many questions so I told him I would only be able to continue if we had an explicit agreement on our business relationship. If he liked my idea, he should tell me and we should discuss how the relationship would be. He said he liked the idea and is ready to be a part but can I answer just this other question.... He tried to prod around this but when I was insistent, he gave me his offer.
He proposed an agreement that takes over 80% of my company at pre-seed, with me handing over ownership and existing codes in return for him spending an undisclosed amount on getting more people interested in the business. I would still be in the company of course, pouring out my efforts into making the project work. He told me the 80% was his final offer.
It was not a buy-out. It was me simply signing away 80% of my company to a stranger who says he doesn't know how much he would spend but it is 'a lot' and I get nothing on day 1.
If I hand over 80% at pre-seed, please what will I hand over when the real VCs arrive? 80%!!!
I tried to reason with this 'investor' o but he was adamant, so I told him to move on. I saw my folly. The guy don play me street. I understood the 'catch-22' situation. No sensible person will give out 80% of a company for nothing. So he has a clean path to walk out and he leaves with the ideas you just discussed with hm. If you are dumb enough to accept, then you will be dumb enough to wait till a potential VC comes along who will take equity from his own 80% or do a buy out of the remaining 20% for chicken change.
I was lucky though, I did not share any code with him nor shared more than necessary. Some people would not be so lucky.
Now, don't get me wrong. He has a right not to like my project. He has a right to walk away. But he owes it to the the other party to say he was not interested. But asking for 80% of the company for no exact amount (which could range from cost of printing and photocopying the dumb agreement to nothing), it was an easy scam.
I moved on and was lucky enough to get real investors with proper structures from other areas and we would be launching soon. No serious investor asks for 80% for an undisclosed amount. Heck. I got $20,000 and a free USA company registration for 2% of another company.
When a girl is raped, most times she keeps quiet and the rapist feels more confident to rape another girl. When all raped girls come out to identify their abuser, maybe he would stop, maybe he won't, but other girls would know what they are entering if he invites them to his room.
NB: He opened this NL account and the email strictly for this. He is not on LinkedIn nor is associated with any company of repute in the UK or anywhere else. He is a ghost. I never asked for your existing code which you didn't even have. I don't know where you got that from. I do not need anyone's code. I told you if I was going to get involved, it will be built from scratch. I told you i normally help founders who have not started building with development team in some cases and also help with launch of MVP for early stages with a development team and then introduce a VC investor once we have achieve some traction and commercial proof ie revenue. I didn't think your idea was a scalable idea worth investing my time or money and I was very clear about my concerns and findings. I do not mean to speak lowly about your idea, but i was very honest with you. You kept insisting and trying to convince me daily with loads of messages & calls and I told you the only way I will be investing millions of my (own) funds for building it from scratch with a world class engineering team and a marketing budget which was over 10 times of what you claim you got currently for an 80 or 70 percent stake as I saw your project as high risk and was not worth my time, resources or money. It is my funds and I can do what ever I want with it, and if you do not like the offer I gave you as I saw no commercial proof for your idea, then you can go somewhere else. It is that simple. It is better to be honest with people and say things exactly how it is. This will be my last message for you. Thank you. |
Re: Fintech/tech Idea Needed For Up To £2.5 Million Pound Funding From VC Investor. by truthCoder: 5:35am On Mar 21, 2023 |
coder1205:
I never asked for your existing code which you didn't even have. I don't know where you got that from. I do not need anyone's code. I told you if I was going to get involved, it will be built from scratch. I told you i normally help founders who have not started building with development team in some cases and also help with launch of MVP for early stages with a development team and then introduce a VC investor once we have achieve some traction and commercial proof ie revenue. I didn't think your idea was a scalable idea worth investing my time or money and I was very clear about my concerns and findings. I do not mean to speak lowly about your idea, but i was very honest with you. You kept insisting and trying to convince me daily with loads of messages & calls and I told you the only way I will be investing millions of my (own) funds for building it from scratch with a world class engineering team and a marketing budget which was over 10 times of what you claim you got currently for an 80 or 70 percent stake as I saw your project as high risk and was not worth my time, resources or money. It is my funds and I can do what ever I want with it, and if you do not like the offer I gave you as I saw no commercial proof for your idea, then you can go somewhere else. It is that simple. It is better to be honest with people and say things exactly how it is. This will be my last message for you. Thank you. Apart from the fact that you are a scam, you are also a liar. Don’t worry. I have receipts. To correct your lies, first i have never called you apart from your initial call which lasted almost one hour (if you didn’t find my idea interesting, why spend an hour with me) . It was all chats. You claim my project was not worthwhile but you claim you still want to invest ‘millions’ in it. You never said you were not interested. So either you were lying then or you are lying now. You claim you want founders who have not started building but you loiter on programming section. What do you think we do here? If you are a real pre-seed investor, you should know that development and marketing costs is actually why we need pre-seed funding and not because we dont have codes. Would be sharing receipts. I would not be sharing the details that discuss some of my USP for obvious reasons but the time would come for that. NB: i think i should create a thread on how to get proper funding for ideas and to avoid hawks like this. Real VCs dont like having relationships with these hawks from what i learnt later and i would strongly advise any innovator to steer clear of his likes. I would be moving away from this nothingness. I have gotten my real investors, approvals and my team plus a fully funded cloud compute all for less than a single digit %. He who has ear, should hear. 6 Likes
|
Re: Fintech/tech Idea Needed For Up To £2.5 Million Pound Funding From VC Investor. by Millz404(m): 8:35am On Mar 21, 2023 |
truthCoder: After seeing the gaslighting attempt of the OP against airsaylongcome, I feel I owe it to members of this forum to give full disclosures about what I know about this 'acclaimed investor'.
TLDR: He claims to be a pre-seed investor and has access to UK VCs. He is just a hawk looking to fleece tech newbs off their ideas and prototypes, asking for 80% of equity for the pittance he is offering (if offering anything at all) so the person can either walk away or if dumb, be a slave to him all for nothing.
I saw one of his claims last year and I contacted him.
I have a fintech project which I am working on. Project is not generic as generic would not work in the region I intended to launch. I was on NL one day and saw his post, so I decided to contact him.
My mistake was that I assumed he was a passionate tech funder so I went into the conversation telling him bits and pieces of the project and some bits about the USPs. I did not request for details of his company, I did not sign an explicit NDA. I did not even see or know his authorisation to have such conversations on behalf of whomever he claims to be representing. He offered no legitimacy and I was dumb enough not to ask. The only 'credence' he had was a +44 WhatsApp number.
He claimed to have a team of coders ready to churn out any project at short notice. The only thing remaining was ideas.
He was interested in my project and straight-away wanted to know the 'nitty-gritty' of the idea. He was asking so many questions so I told him I would only be able to continue if we had an explicit agreement on our business relationship. If he liked my idea, he should tell me and we should discuss how the relationship would be. He said he liked the idea and is ready to be a part but can I answer just this other question.... He tried to prod around this but when I was insistent, he gave me his offer.
He proposed an agreement that takes over 80% of my company at pre-seed, with me handing over ownership and existing codes in return for him spending an undisclosed amount on getting more people interested in the business. I would still be in the company of course, pouring out my efforts into making the project work. He told me the 80% was his final offer.
It was not a buy-out. It was me simply signing away 80% of my company to a stranger who says he doesn't know how much he would spend but it is 'a lot' and I get nothing on day 1.
If I hand over 80% at pre-seed, please what will I hand over when the real VCs arrive? 80%!!!
I tried to reason with this 'investor' o but he was adamant, so I told him to move on. I saw my folly. The guy don play me street. I understood the 'catch-22' situation. No sensible person will give out 80% of a company for nothing. So he has a clean path to walk out and he leaves with the ideas you just discussed with hm. If you are dumb enough to accept, then you will be dumb enough to wait till a potential VC comes along who will take equity from his own 80% or do a buy out of the remaining 20% for chicken change.
I was lucky though, I did not share any code with him nor shared more than necessary. Some people would not be so lucky.
Now, don't get me wrong. He has a right not to like my project. He has a right to walk away. But he owes it to the the other party to say he was not interested. But asking for 80% of the company for no exact amount (which could range from cost of printing and photocopying the dumb agreement to nothing), it was an easy scam.
I moved on and was lucky enough to get real investors with proper structures from other areas and we would be launching soon. No serious investor asks for 80% for an undisclosed amount. Heck. I got $20,000 and a free USA company registration for 2% of another company.
When a girl is raped, most times she keeps quiet and the rapist feels more confident to rape another girl. When all raped girls come out to identify their abuser, maybe he would stop, maybe he won't, but other girls would know what they are entering if he invites them to his room.
NB: He opened this NL account and the email strictly for this. He is not on LinkedIn nor is associated with any company of repute in the UK or anywhere else. He is a ghost. The same person I contacted on a post he made. DO NOT WASTE TIME WITH HIM. Just as said here after he has asked you so many questions about your startup and how it works and every nitty gritty, he will give you a ridiculous offer that is no different from literally handing the start up over to him and making you an employee. I was so mad when he made his offer I stopped replying him and deleted his number. If you have anything reasonable going on, don't bother engaging him, you will regret it. Some of the ridiculous nonsense he proposed is that He is going be a co-founder He will take 70% of the company. When I told him this is ridiculous, he later came up with there will be multiple co-founders not just him that will share the 70% His team of "world class engineers" will take over. If you so have a team of world class engineers, why don't you put them together in a room and have them build your ideas for you instead of looking for who to fleece. No specific amount proposed, just that after signing he will spend money on marketing. That can as well be a reasonable figure to less than nothing after you've handed the startup to him. He will change the name of the startup. Etc. I couldn't stomach any more of the nonsense, I just stopped replying him. 4 Likes |
Re: Fintech/tech Idea Needed For Up To £2.5 Million Pound Funding From VC Investor. by Ajibade123(m): 4:55pm On Mar 23, 2023 |
coder1205: Hi, Do you have a (GREAT and SCALABLE) Fintech Idea or Business/ Consumer Tech related idea which is sustainable and can impact a substantial amount of people in Nigeria and Sub-saharan Africa as a whole? I am working with a UK/US based institutional venture capital investor with vast industry experience, who is looking for a scalable opportunity to invest within the region. Investors are willing to invest up to £2.5 million in Pre-seed/Seed Round. My email is paiks12055@gmail.com
Thanks. so how will I trust you? |
Re: Fintech/tech Idea Needed For Up To £2.5 Million Pound Funding From VC Investor. by Ajibade123(m): 5:22pm On Mar 23, 2023 |
coder1205:
I never asked for your existing code which you didn't even have. I don't know where you got that from. I do not need anyone's code. I told you if I was going to get involved, it will be built from scratch. I told you i normally help founders who have not started building with development team in some cases and also help with launch of MVP for early stages with a development team and then introduce a VC investor once we have achieve some traction and commercial proof ie revenue. I didn't think your idea was a scalable idea worth investing my time or money and I was very clear about my concerns and findings. I do not mean to speak lowly about your idea, but i was very honest with you. You kept insisting and trying to convince me daily with loads of messages & calls and I told you the only way I will be investing millions of my (own) funds for building it from scratch with a world class engineering team and a marketing budget which was over 10 times of what you claim you got currently for an 80 or 70 percent stake as I saw your project as high risk and was not worth my time, resources or money. It is my funds and I can do what ever I want with it, and if you do not like the offer I gave you as I saw no commercial proof for your idea, then you can go somewhere else. It is that simple. It is better to be honest with people and say things exactly how it is. This will be my last message for you. Thank you. you claimed the idea doesn't worth your time and resources but you were ready to spend millions on it |
Re: Fintech/tech Idea Needed For Up To £2.5 Million Pound Funding From VC Investor. by odicity: 7:23pm On Mar 23, 2023 |
truthCoder:
CAVEAT EMPTOR.
Do not discuss anything with him without him disclosing the VC he is working with and a certifiable power of attorney.
After that, sign a proper non disclosure agreement with him before proceeding.
You should verify any document he provides BEFORE discussing with him.
At the end of all discussions, and after getting an insight into your idea dynamics, he would offer you a very ridiculous offer so that you would either be so angry and pull out or so stupid to accept. And that is the goal, so you leave but he has the ideas.
Dont let them use baits to harvest your ideas.
You have been warned.
|
Re: Fintech/tech Idea Needed For Up To £2.5 Million Pound Funding From VC Investor. by truthCoder: 8:35pm On Mar 23, 2023 |
odicity: Hello can I have your email? Or Whatsapp? Don't know how to handle messaging here truthcoder at protonmail dot com |
Re: Fintech/tech Idea Needed For Up To £2.5 Million Pound Funding From VC Investor. by talk2hb1(m): 6:11am On Mar 24, 2023 |
coder1205: Hi, Do you have a (GREAT and SCALABLE) Fintech Idea or [b][/b]Business/ Consumer Tech related idea which is sustainable and can impact a substantial amount of people in Nigeria and Sub-saharan Africa as a whole? I am working with a UK/US based institutional venture capital investor with vast industry experience, who is looking for a scalable opportunity to invest within the region. Investors are willing to invest up to £2.5 million in Pre-seed/Seed Round. My email is paiks12055@gmail.com
Thanks. Here are my top 10ideas: -Color Shazam -Local Escrow service -Delivery Network (like jumia pickup point) - ….. -….. -….. |
Re: Fintech/tech Idea Needed For Up To £2.5 Million Pound Funding From VC Investor. by Nolevel666: 9:47pm On Jul 22, 2023 |
coder1205: Hi, Do you have a (GREAT and SCALABLE) Fintech Idea or Business/ Consumer Tech related idea which is sustainable and can impact a substantial amount of people in Nigeria and Sub-saharan Africa as a whole? I am working with a UK/US based institutional venture capital investor with vast industry experience, who is looking for a scalable opportunity to invest within the region. Investors are willing to invest up to £2.5 million in Pre-seed/Seed Round. My email is paiks12055@gmail.com
Thanks. bastard 2 Likes |
Re: Fintech/tech Idea Needed For Up To £2.5 Million Pound Funding From VC Investor. by truthCoder: 9:46am On Jul 23, 2023 |
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