Angel Money & Venture Capital | The Good

A bit heavy for a Friday afternoon read, but indulge me.

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As always, we shall begin at the beginning…

The term “angel” comes from the practice in the early 1900’s (US) of wealthy businessmen investing in Broadway theatre productions.  These individuals fought all odds to put up the early stage seed money to launch the shows. Being the “sponsor” of a show carried prestige and potentially big returns that could be re-invested if the show was successful. In today’s world of corporate investment and financing, the term Angel Investors refers to a similar concept.

It’s been said that Angels aren’t average investors. They’re people who can financially afford to indulge in every way their love of entrepreneurship (with its associated extreme risk). Often angels are retired entrepreneurs or executives, who are mostly interested in investing on a level that goes beyond pure monetary return. These include wanting to keep abreast of current developments in a particular field, mentoring the next generation of entrepreneurs, and making use of their experience and networks on a less than full-time basis.

In addition, angel investors offer integral value beyond the funds they provide – they also bring you valuable industry experience, executive knowledge, creative ideas and those coveted business contacts.

So the question begs, what does the Kenyan market offer in terms of Angel Investors for your struggling start-up/SME? A quick search on Angel List reveals these https://angel.co/kenya/investors.

The flip-side of this coin is Venture Capital Financing. With VC Financing, companies can acquire large sums of money that would not be possible through bank loans or other conventional means. This is because, repayment of VC investors isn’t necessarily an obligation like it would be for a bank loan. Rather, investors are shouldering the investment risk because they believe in the company’s future success. So essentially, they allow you to build your company with OPM  – Other People’s Money 😉 – with the hope that it increases in value. So much so that you eventually list an IPO or sell to another company. The VC’s can then get a return on their investment capital.

Like Angels, venture capitalists also provide the expertise and industry connections that are extremely valuable. We have quite a number in Kenya. Most are concentrated in the tech sector;

– Fanisi Capital

– VC4Africa

– NaiLab

– iHub

– 88 MPH

– mLab

Now… how to get their attention, and more importantly their backing.

Find out as we share from our own experiences and observations with an especially interesting guest commentary from none other than George – one of our Lead Developers. He instructs us on “How To Survive An Alien Invasion” <—– His words, not mine.

Stick around.

Celebrating Kenya

Today is Madaraka Day. The golden anniversary of Kenya’s independence.

Today we celebrate

+ the remarkable resilience and resourcefulness of the Kenyan people.

+ the treasure of our natural resources; forests, mountains, wildlife, ocean, savannah, lakes.

+ every man, woman and child in every village, city and town across this great land.

+ the memory of those that went before us – likewise acknowledging the presence of heroes present – they that tirelessly and selflessly fought to recover and restore our nation’s freedom, our people’s dignity, our pride and heritage.

We lift up the Lord of all creation in thanksgiving. May all of Kenya continue to flourish, thrive, and enjoy the peace and prosperity that He’s laid up for us all.

Proudly Kenyan.

Dash2Do

The Right Side Of The Law

House-Cleaning

Times are changing, and Kenyan households are headed for a slight bend in the road as our national social security services provider moves to enforce a law requiring them to make social protection contributions for domestic workers.

All in all, when well executed, a strong statutory compliant relationship brings benefits to all the parties involved. So as the debate – and individual employers – rage on, our job here at Dash2Do is simple… keep you on the right side of the law by ensuring you’re registered (…well ahead of their looming deadline!)

The process takes some time but it’s not anywhere near as daunting as it may first appear…

 

 

Step I – Head on over to your nearest NSSF branch office and request for the requisite form. Alternatively, download and print our the available copy from their website.

Step II – Fill out accordingly, attach a copy of your KRA PIN certificate and National ID/Passport and submit back to your nearest/preferred branch.

Step III – On the scheduled date, make your way back to the same branch – this time remember to bring a copy of your househelp’s ID. As you to receive your acknowledgement letter which contains your individual employer code, submit his/her ID copy and they’ll feed it into their system under your code.

See? Simple really.

 😉 We know it’s time consuming, so why not let one of our Dashers do it for you!

Visit http://www.dash2do.com to make your simple task booking today!

How Dash2Do Began

I believe that many of Africa’s problems can be solved through creation of income generating opportunities, but jobs are limited by the pace at which companies and markets can grow. Internet and mobile technology has changed the world and offers an opportunity to solve this problem and create work at an exponentially faster rate than traditional companies can.

Going through University in U.K, part time jobs were easy to find, whenever I needed money I’d just pop down to the careers center, pick a temporary job and do it for a few weeks.

This was very different from studying at Kenyan universities and colleges where part time jobs are not available because the economy doesn’t even have enough jobs for the working class. Many kids struggle through with no money, some drop out and others resort to undesirable and illegal acts to to make it through.

Shortly after returning home I started a cabinetry business – Foresight Interiors – with my primary aim being to create as many jobs as I could. We now employ 160 people, mostly skilled carpenters who came to us because of the higher than market rates we pay and the respectful and easygoing culture we have.

This brought me to another realization that where in developed countries a plumber, carpenter or electrician can make a very decent living, in developing countries, trades-people barely scratch a living. Dash2Do is therefore an attempt to make a difference to students and trades-people, while itself being a scalable and sustainable business.

People post small tasks to be done either on computer on their mobile. We then broadcast the details via mobile to our network of students and trades-people (Dashers). One of our Dashers usually accepts within 5 minutes and gets it done. We then automatically debit the customers account and credit the dashers account.

A simple, two-fold solution. Offering Kenyans the convenience of a Personal Assistant/Concierge service (at an affordable cost) and simultaneously generating work for an entire league of enterprising young adults.

Dash2Do Logo

 

– Sam Wanjohi , Founder/CEO