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Pele Departs the World for a Game in the Heavens

By
Ndubuisi Ekekwe
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0

There is a football game in the heavens right now. Pele left the solid bounds of the earth and ascended into the ecclesiastical world where games are played with a melodious chorus of cymbals, tapestries and praises. Born Edson Arantes do Nascimento, Pele refined the world of football, and FIFA anointed him  “the greatest”.

Pele, a verb, and a noun., uniquely, was a Santos 15-year old footballer who rose to the pinnacle, and became the most popular sports personality of the 20th century. He owns all the main records as the unrivaled goalscorer and playmaker of the century.

The king, as he was nicknamed, electrified the fans with spectacular goals, and gave the world the immortal phrase – the beautiful game. Though I did not watch him during his active play days, watching YouTube, one could see a visionary forward who provided more assists than goals in the net.

Yet, besides those dribbles and goals, Pele scored a SPECIAL goal: he provided a platform for black Brazilians to #believe. He inspired a generation when he lifted the 1958 World Cup, opening opportunities, with flowing streams that have fertilized football farmlands which produced Afro-Brazilian legends like Ronaldo (#9), Ronaldinho, Romario, and more.

The Pele of Brazil. The Martin Luther Jr of America. Men, who through different paths, restored the dignity of humans, through uncommon and extraordinary talent, making it clear that all men (and women), irrespective of color, can reach the highest heights. Pele was 82!

  • I am Sausa, ex-Football & Sports Strategist
  • Secondary Technical School Ovim Abia State

LinkedIn News Feature

LinkedIn News selected and featured my “eulogy” on King Pele, the generation’s finest footballer and playmaker of the 20th century. https://lnkd.in/eVnSGH6N

Andela Co-Founder Iyinoluwa Aboyeji Ranked Amongst 62 Global Entrepreneurs That Have Founded Two Unicorns

By
Ojukwu Emmanuel
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0
Managing Director, Flutterwave, Iyinoluwa Aboyeji

Nigerian entrepreneur and co-founder of Andela, Iyinoluwa Aboyeji popularly known as “Iyin”, has been cited amongst 62 global entrepreneurs that have founded two unicorns.

The ranking was compiled by the Venture capital initiative of the Stanford Graduate school of Business, which listed him alongside Tesla and Twitter CEO Elon Musk.

Speaking on the latest ranking of global serial unicorn founders, the director of Venture Capital Initiative, Ilya Strebulaev stated that there are a total of 3,025 unicorn founders in the world, and only one person, Richard Klausner, who is the Director of Juno Therapeutics, Director of GRAIL, Executive Chairman of Wisdo, Chairman of Mindstrong has so far founded 4 unicorns.

He further disclosed that 3 Entrepreneurs have founded 3 unicorns, while 62 have founded 2 unicorns each, making a total of 66 people that have founded more than one company valued at $1 billion or higher.

Commenting on the list of 62 global entrepreneurs that have founded two unicorns, Andela co-founder Iyinoluwa Aboyeji said,

“At 31 years old, by the grace of God, I am one of 62 people in the whole world and very likely the only African to have co-founded two unicorns – Andela and Flutterwave.“I am grateful to my country, Nigeria.

“I have repeatedly said that in no other country on earth would my story have been possible. I am not a caucasian male. I’m just barely 30 years old. I wasn’t born into old money.

“My parents are humble clergy – the son of a butcher and the daughter of clergy who worked their way up. It is only through prayers, hard work, and the favour of God we have come this far. Can anything good come out of Nigeria? Well yes, this is our testimony. We produce unicorns.

“They believed when no sane person would. They worked and sacrificed everything to build the future on the continent and I’m so happy for how God has blessed the work of their hands in return”.

Iyinoluwa is the co-founder of Andela, an organization that cultivates IT talent in Africa and provides leading global technology companies with access to a high-skilled resource pool.

Also, he is currently the CEO and General Partner of future Africa, an early-stage venture capital firm with a portfolio of 100 companies collectively worth over 6 billion dollars.

Before founding the Fund, he was the founding CEO of flutterwave, a billion-dollar global payments platform.

In 2019, Aboyeji was cited as one of the Top 100 most influential Africans by New African magazine.  In October 2022, he was conferred with the rank of the Officer of the Order of the Niger (OON) amongst other top Nigerian entrepreneurs.

As a faith-driven investor and serial entrepreneur, Iyin is passionate about Africa, and he is hell-bent on unlocking the continent’s potential.

Don’t let FTX Implosion distract you from Investing on Crypto in 2023

By
Paul Ugbede Godwin
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0

Though damaging, the collapse of the FTX-Alameda empire in the long-term is a ‘sleight of hand’ that you should not allow to distract you. Yes, there’s been pain. Yes, there may be more contagion. But it’s time to park it and focus on what survives. The FTX story is a failure of centralized entities and not one about the collapse of an entire industry.

The thing to remember is: even in the current bear market, crypto is still a trillion-dollar market.

With that in mind, a more pertinent question is, ‘Is the bottom in?’ Perhaps, we’ll look back and see that the FTX debacle did mark the bottom. Probably not. The one thing I’ve learned over the past year is that when the bottom is being called, the chances are it’s going to take one more dip shortly after. But if the bottom is not in, I would suggest that many indicators show that it’s probably close to being in.

This then means it may be a good time to think about altcoins and your investment strategy over the next 18 months. But only if you have the spare capital. And never have all your eggs in the alt-coin basket. Yet if you can afford to invest, there are potentially some good upsides over the next 18 months.

To further put things into a perspective, if we look at some tokens, and if they were to get back to HALF of their All-Time Highs over the next 18 months:

  • Solana has a 520% potential upside;
  • Enjin 400%;
  • Fantom near 400%;
  • Aave 220%.

Other Potential Gainers

The layer ones are generally the safest plays, of course. Followed by the layer twos like Polygon (MATIC). And the bulk of any capital should be deployed in these areas. That is, unless you can afford to play at the casino, and lose. Other interesting areas include store of value, oracles (LINK being a solid steady type), and Defi.

DEX tokens could be a very interesting area. A potential positive from the FTX’s mess could be an acceleration in the use of decentralized exchanges. Could it be their time to shine? They have certainly enjoyed a bounce over the past weeks. Other areas include cross-chain, like gaming, infrastructure, and file storage.

Points to consider should you be itching to deploy your capital:

  • In regards to the bottom, perhaps wait for the final confirmation to be in. Yes, you may lose out on some percentage gain but by waiting you’ll help ensure you don’t lose if the market takes one more dip. So, in the meantime monitor sectors and space, and try to anticipate what’s going to be hot and what’s not during the recovery.
  • Smaller caps can run a lot faster and higher than a lot of larger caps. It’s all about risk and returns. The further you go out on the risk curve, the higher the volatility. The higher the volatility the higher the potential return. You have to consider your own circumstances and make reasoned decisions.
  • Keep a time frame of 18 months. This might seem like a lifetime to a Zoomer but it’s nothing in the markets.

Bankman- Fried To Take A Plea, Alameda Research Secretly Moves Liquidated Assets

By
Paul Ugbede Godwin
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0

Former FTX CEO Sam Bankman-Fried, otherwise known as SBF, will enter a plea on January 3, 2023, regarding the criminal charges filed against him in the aftermath of the FTX collapse.

The latest development comes shortly after the former crypto boss was released on bail following his arrest and extradition to the United States.

According to Reuters on Wednesday (December 28, 2022), SBF will be arraigned before Manhattan federal court on January 3, 2023. As previously reported by CryptoPotato, Bankman-Fried was arrested by Bahamian Authorities on December 12 and was later extradited to the United States.

The former FTX boss is facing multiple charges from US federal regulators, with prosecutors also slamming eight criminal charges against SBF. While Bankman-Fried is yet to plead guilty to any of the charges, his associates, FTX co-founder Gary Wang and former Alameda Research CEO Caroline Ellison, pleaded guilty to crimes such as securities fraud and money laundering.

Apparently, the crypto wallets associated with now-bankrupt trading firm Alameda Research, the sister company of FTX, were seen transferring out funds just days after the former CEO Sam Bankman Fried was released on a $250 million bond. CoinTelegraph reports: The transfer of funds from Alameda wallets raised community curiosity, but more than that, the way in which these funds were transferred grabbed the community’s attention. The Alameda wallet was found to be swapping bits of ERC-20s for Ether/Tether, and then the ETH and USDT were funneled through instant exchangers and mixers. For example, a wallet address that starts with 0x64e9 received over 600 ETH from wallets that belong to Alameda, part of it was swapped to USDT while the other part of the transaction was sent to ChangeNow.

On-chain analyst ZachXBT noted that the Alameda wallet was eventually swapping the funds for Bitcoin using decentralized exchanges such as FixedFloat and ChangeNow. These platforms are often used by hackers and exploiters to hide their transaction routes. Many speculated that the pattern in which these funds are being swapped looks like an exploiter, but given Bankman-Fried’s known criminal past now, many speculated it could be an insider job to take out whatever is left in those wallets. Others questioned the bail conditions and asked why was he given access to the internet. One user wrote that the former CEO was “desperately trying to funnel money out,” adding, “why did his bail condition include no computer/internet access?”

https://twitter.com/alkwater9ph/status/1607922033945415680?s=20&t=Sb41yNB6RPQLnxQckVAgIw

SBF was recently granted a $250 million bail and will live with his parents in Palo Alto, California while wearing an electronic monitoring bracelet. Recall that FTX filed for bankruptcy in the middle of October, shortly after SBF assured that the company is doing just fine and had no solvency issues. Since then, reports continue to emerge, shedding more light on the fraudulent schemes the FTX and Alameda execs were running for years.

The Grand Unification: Cell for Biology, Binary for Computing, Accounting for Business [video]

By
Ndubuisi Ekekwe
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0

As cell (male, female) is to biology, binary (1s, 0s) is to computing, so is accounting double-entry (debit,  credit) is to business. Until you understand accounting, your leadership ascension in business will remain limited. I want everyone here to have at least the basic understanding of accounting. I am flummoxed that many young people desire to build companies but have absolutely no basic knowledge of accounting. Yes, before you hire that chartered accountant, you need to know certain things.

Computing along with the whole information age is built on 0s and 1s. Those 0s and 1s are like the biological cells which are the fundamental units of life. In the world of business and commerce, the language most spoken is the language of accounting, and that language is expressed in credits and debits. 

Debit comes from Latin’s “debitum” which means “what is owed” or simply debt; credit also comes from Latin, now “creditum” which means “having been loaned”. Since Luca Pacioli formulated the double-entry system in the 15th century, the core attributes remain. 

As 2023 arrives, plan to understand basic accounting. If you do not, you simply follow others, blindly. And that means you will not rise to the highest level of your call because business is nothing but accounting, chronicled in statements like balance sheets and income statements.

Indeed, your tech skill, your strategy session, your sales, your loans, and everything in that company comes down to debit and credit, souped with ingredients of asset, liability, equity, revenue and cost, with the asset (=liability + equity) and the revenue/cost delta (profit or loss). If you do not understand this, you are following others in the world of business, and opportunities will pass by which your antenna will not pick.

Become a grandmaster of business, understand #accounting. Tekedia Institute is highlighting this fundamental unit of business.

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