This Entrepreneur Can't Contain His Excitement After He Leaves The Den. Watch Till The End!
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- เผยแพร่เมื่อ 22 ส.ค. 2024
- Ogunranti Adebayo Moses is a final year student and co-founder of a travel and logistics start-up, Travella. His pitch was compelling enough to get some of some of the Lions on his side, but not without some bumps along the way.
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This is a strong competition against courier services 👍
My question for Moses:
1) How do you ensure the security of the items being sent?
2) How do you ensure the safety of your Traveler eg someone transporting contraband in case they are not giving the package to your support staff
3) How do you plan to have people at all the airports in the world?
4) How are you charging for the items sent, how does the customer see the rate for the items they are seeing?
As someone who has experience in this and had a logistics App, 30m will not be enough to achieve building the App, working security, or purchasing insurance and others.....but the good thing here is the Lions have experience and can also help in training you and shaping your idea. You are in safe hands with 3 great Lions with diverse expertise backing you.
wish you all the best!
I think I have some of the answers he can open the app or model further to have some people singed up as guides or guiders. So there are three people on the chain.
1. Traveller
2. Sender or customer
3. Certified guides.
Certified guides are people on the platform who go through scrutiny and training to help check details. They can be plenty of them. So one person wants to travel he connects with a certified guide to check, the person picks up and also connects with a certified guide to check with the radius. Remember the customer has paid so immediately the cash is disbursed to each body. So everybody makes money and go home. The certified guides, the traveller and the tech company. 40%-50% can be shared between the tech and the guides and the traveller takes the rest. The tech pays an annual fee to verification comp and small fee for insurance but also any more insurance on the luggage (that's premium is covered by the customer)
I'd like to add, how do you insure the package?
Omo. You sef na lion 🦁 see analysis
@@fegodaniels6459 yes, but then it becomes complex if you introduce certified guides who are not travelers. So the process will not exactly be fast and straight forward if the person verifying is different from the person delivering. This means there will be a lot of idle time and the cost becomes higher when there are more people involved with the process as everyone needs to make money.
He got 3lions already let them worry about that
I like that they considered his inexperience and were not going to "bully" him with theirs.
Lion Bolaji is really a nice guy with an heart! Same as Lion Adenike! Lion Dan is hard-nosed 😂, no emotions - Business is Business!, Lion Paul and Lion Kyari are pragmatic and more fascinated by Techpreneurs.
You nailed it!
@Timothy Adetolu you captured it well.
Wow! How do I get to Lion's den! Help.
@@yikson1234 you will require an ecobank bank account. You can proceed by clicking on this link lionsden.ultima.ng/
Bolaji is not nice o 😂
We need more of this in Nigeria to give the youth a liegitimate outlet to their entrepreneurial ventures.
What made the young man do it was the FAVOUR OF GOD through MEN ,I bless the name of the lord for the life of Moses May you be Moses of your family in Jesus name Go out and conquer
I love that they invested in the young man. He's simply a storm trooper! We need more investors who could invest in early stage entrepreneurs.
This Idea is not too early and it wasn't premature for him to bring to the Lion's Den it's a great idea that needs major funding. Well Done
Go fund am na😂
😂😂😂@@nwekesamuel
Mr bolaji is always making an offer first, he’s the one always brave enough to understand how with the right minds on board, tech can change lives instantly.
He sponsored the show. Chapel Hil
@@ayodelealedare6507 facts
@@ayodelealedare6507 Hello. Just wanted to let you know that Jesus loves you very much. He is coming back very soon and He wants you to be ready.
Just go to Him as you are. You don’t have to be perfect. The only thing He requires is a full surrender of your life. Go to Him and give Him your life and everything. Once you surrender everything (from the heart). He will give you The Holy Spirit in His fullness. The Holy Spirit will then give you faith, the power to overcome sin, peace, fulfillment and above all, eternal life. You cannot do it on your own strength. It’s only by the Holy Spirit. And you get The Holy Spirit once you lay everything down, including your life at The Lord’s feet. He says in His Word “Not by might, not by power but by my Spirit”.
People think Christianity is boring. That’s because they see it as a religion. Christianity is not a religion, but a personal relationship with Jesus Christ who loves you and gave Himself for you. Having a relationship with Christ is the most joyful fulfilling thing you can ever have. Jesus changed my life and He wants to change yours as well. The reason we are all here is to fellowship with and have a relationship with God.
@@Kaizen4576 Hello. Just wanted to let you know that Jesus loves you very much. He is coming back very soon and He wants you to be ready.
Just go to Him as you are. You don’t have to be perfect. The only thing He requires is a full surrender of your life. Go to Him and give Him your life and everything. Once you surrender everything (from the heart). He will give you The Holy Spirit in His fullness. The Holy Spirit will then give you faith, the power to overcome sin, peace, fulfillment and above all, eternal life. You cannot do it on your own strength. It’s only by the Holy Spirit. And you get The Holy Spirit once you lay everything down, including your life at The Lord’s feet. He says in His Word “Not by might, not by power but by my Spirit”.
People think Christianity is boring. That’s because they see it as a religion. Christianity is not a religion, but a personal relationship with Jesus Christ who loves you and gave Himself for you. Having a relationship with Christ is the most joyful fulfilling thing you can ever have. Jesus changed my life and He wants to change yours as well. The reason we are all here is to fellowship with and have a relationship with God.
yeah
His smart but shouldn't have come alone.. this is what I learned from watching the show.. confidence and sincerity also play a major role in the den
Definitely confidence!
He made a call bro
This is sure an angel investment. It's an investment in the person, not the business. But the good thing is, the person will influence the business.
Bolaji Balogun always the man with the OFFER 😂😂😂
This is the best show In Nigeria,I always come here to check if I can find a stealable idea
Na them, don't steal you can create yours
The you steal idea from, do they have two heads?
It is ok to steal ideas maybe we say sample. Any innovations today is as a result of existing ideas.
Like they say," steal like an artist"
@@nollycodetv9335there's no original idea
I'm wowed. The young lad knows his onions. Bravo bro. 👏
This is Exquisite innovative inspiration aspired by mind blowing young Ogunranti Moses.
This guy have sense... Lion's Den is doing great work to support Africans innovators. Getting this investment opportunities from our own is better than getting it from the foreigners buying up our innovation and reselling back to us in retail. I will love to join you he Lion's Some day in the vision for African innovations.
I’m crying!! I love this
I love his confidence and clarity
The guy pitching has taken the letter "R" to a whole new level…
"H" as well
I thought I was the only one who noticed 😂😂😂…maybe he’s doing it to impress them
I like how he was truthful with his figures
This was so great with this young age! I’m so proud!!
Any small thing Paul is always out. Shey you no get money ni?
Asin ehh 😂
I tire ooo. Na him stingy pass, just kidding.
The man no get money at all
He hardly want to take risk. Na WA oo
😂
A same package can be carried by many travellas in case the chain is broken... A travella will carry the package till it's destination where either the receiver will get his package or another travella will pick it up to travel with to the receiver's area... Etc.
Great idea man.
Guy nice one
They'll need a great algorithm to track travella's position and destination at every given time else it will be a trade off of travellas' time for package delivery
The safest bet is that of the airport. Because once there's a change of hands outside the airport, the security of the parcel then has a more unknown variable and then more focus on insurance will be made.
I like Bolaji so much, I like experts like him that believes in ideas and ready to take the risk
Brilliant idea... I wish him the best.
This is an excellent idea, but it needs alot of care! Just one wrong good sent, the business can crumble. Much much care needed, but i think the team can make it work.
Congratulations guys!
I love these investors . If it was in Ghana they won't accept early stage they will only see the risk not the opportunities . 👍 lions am going to follow you on twitter
That accent though
Mentorship, Mentorship, Mentorship 👏👏👏👏👏👏👏
The young man is smart and I wish him well
The commentary guy is so good lol.
Wooow...this was so good!!! Congratulations Paul! 👏 23years old!
So inspiring
Wow, that was a well heated pitch
Paul doesn't waste a time saying I am out before any other Lion
Like seriously 🤣🤣🤣🤣
That is a bad deal
10m for 26% & another 10m as convertible
Meaning that the other 10 can be converted to stock at that same valuation meaning you’ll loss another 26% .
So In total you’ll end up giving up 52% of your business.
That’s why she kept asking “do you understand “
Most of the people that got these deals don’t know what they bought, they just get carried away by the numbers only to get home and realize they will be working their asses of for the next few years for nothing in return…
when Paul asked about verification, I smiled
That's a good offer actually, one thing he did correctly is that he gave the lions an understanding of the size of the market which is always important and also the share of the market they think they will have
If you decide to do this, you must be ready to give yourself away. Kudos to the Lions
Great Nigeria Busines School by the Lion's Den Nigeria 🙌 👏👏👏
This is just like a show
Man's got the nuts 🔥
I like this Guy.
Many things need to happen but it’s a great idea and will blow if it works
Paul no dey agree with people's idea. I wonder which idea him dey find. Yeye
I like this guys swag.
I'm a little bothered about the logistics of the business. Apart from that, it's a very good idea. Wish him well
There are a lot of holes in this business, and also a lot of unrealistic promises. But bold move bro!
Raising money for your startup isn't easy.
Great idea, great solution 👍👌🏾👏but what the lions said
People should understand that you don't seek funding when the company isn't yet working. Funding is (just) to help you move to the next level and not to implement your idea. When you understand that, investor will run towards you like for this case in the video.
I am stuck in two minds, I feel if an investor only invests in companies that are already working then its effectively a cheat mode, take that risk and take a punt when its unproven.
I like this guy
Wow!!!
Great idea
My this namesake fear risk ooooo
Nice one
I'm actually excited for him ☺️
Fantastic idea
He got the chance and it's obvious he won't waste it. 3 lions and the full cheddar for 26% thats already saying something about the potential valuation here. If were him I'd go back to the drawing board and have a SWOT analysis done to improve the app and the backend processes
Great idea, great entrepreneur. Clearly the idea isn’t fully formed yet. They should be able to assist him with it. @23, he’d regret the 26% decision tho. In his next round he’d find out. By the time he’s at seed round, he’d own nothing in that company.
The ideal situation would have been for him to get enough traction and do that deal at 5%. His lack of traction is the reason they went for 26%.
Like they said, he came in prematurely
Stock issued through rounds can always be diluted later. Dilution allows for stock to split and multiply, there by making available more stocks for each round of investment. And building higher equity for your first believers.
And also what if the business fails
Will he worry about the 26% ?
Just picked gold from here
This old man bring his old ways to the new world is the reason africa is moving slowly
Lion Pual is always opting out first
My love for this program is too much 😍
Paul please stop being the first to say I am out... PLEASE
This guy is on fire though, great idea
I don't get. What would you rather have him do?
@@shakiruraji393 you don't get Paul is always out regardless of the deal
Don't mind him
It's business not a charity pls
@@chukwuphilip1270 So Bolaji is there for charity?
There is always a business there somewhere for Paul… 😂😂😂😂 Baba invest, no dey talk too much grammar.
Paul is always quick to get out
Hello good day
Pls I want to Know the actual time that I can apply for this opportunity
Since you have support staff why not use them to move the packages. Or better still have your means of transportation.
There's a reason why they quoted 26%. They will own the company.
If bolaji says yes just know that sm1 might say yes too 😂😂
There are a lot of issues with the business model, but most importantly is the issue of Package content declaration. Which stupid passenger would take a package unsure of the real content and cross a police checkpoint in Nigeria, how much more crossing an international airport with a package he/she cannot vouch for the content.
Paul never invests! 😑
Nice
Paul looks like he doesn't understand the tech industry
This will give courier services a run for their money...
Why they think everything should be a native app from the get go
It’s Federal university of technology Akure.
You see, I would say, Moses is a BLESSED CHILD for him to have gotten the ATTENTION of the MIGHTY LIONS 🦁🦁🦁🦁🦁, who have made their OFFER which doesn't seem to REALLY GO WELL With his PARTNER on the other end!
But, come to think of it, if we have to consider the GOODWILL, VALUE & MENTORSHIP of these TITANS, coaching, guiding and oiling your DREAMS, financially, then you would agree, the SUPPORT & ENCOURAGEMENT, you derive, is a very RARE OPPORTUNITY..!
How are they calculating all this numbers and percentages
When you go into entrepreneurship, you will understand
It's actually not rocket science.
You can find nice articles on nairametrics, TH-cam is also available if your are interested, business schools also.
@@josephajibodu2377 now a reply that’s meaningful thanks 🙏
DID YOU NOT SEE THAT CALCULATOR
What if handlers hand packages to third parties and packages went missing? Anyways! Great idea & good luck.
There are lots of ways to reduce that to the barest minimum and insurance will cover the rest. And I believe users can even be rated based on how they handle packages since they make money with it.
That's where insurance comes in.
The boy is From the Federal University of Technology Akure, not Federal University of Agriculture Akure.
Take note, 😂😂😂 na my school boy
I don’t like when older entrepreneurs tell younger entrepreneurs that they are too young. How old is the founder of Snapchat, how old was zuckerberg when He started FB. We have teenage millionaires in the U.S. The age factor should be totally erased in Africa. If there’s a problem with his business model, tell him that but don’t tell him He’s too young please.
They didn't say he was too young. They said he was too early/ impatient. If he had come with a full mobile app it would have been easier to scale. Plus, his age helped him. They invested in him as a person. The business is not scalable at this stage.
Lol I would have either backed out or bought the entire company 😅
There's really nothing to buy. They're helping him.
Oh. This made me smile. But I'm so angry that this show isn't getting the attention it deserves. An educational show like this is supposed to have millions of views and subscribers. It's sad that a useless show like BBN is getting more views than this show. Our people are not interested in anything that is knowledgeable. We are more interested in sex and sex topics. Which is really sad
It's is the same business model as DHL...
Not quite, you are using travelers so less overhead ( you don’t have to buy or lease planes, warehouse, employee benefits etc)
Hmmm this business is too complicated to invest on at this stage
❤️❤️❤️
His problem was he thinks too Nigeria. This is bigger idea that amazon is already doing locally with their packages.
Amazon started to solve problems in the states first he started to solve problem within his country thinking too Nigerian is infact the most appropriate way to go about it, you have to understand the mindset of people you are selling the market to
LoL it doesn't take a big Idea to run a successful business but a great person to run a successful business.
This paul nor know anything about tech .. he just one talk
dan seems to be operating with fear in every business.
What's up the accent
Sounds like bobrisky
Only the accent sef 😪
Very disturbing accent